Overview
- Plug Power confirmed the Barrow Green Hydrogen project has reached final investment decision, clearing the way to begin construction on the 30 MW facility.
- Under the deal Plug will supply six 5 MW GenEco proton exchange membrane electrolyzers that together are expected to produce about 100 GWh of green hydrogen per year.
- A long‑term power purchase agreement with SEFE will provide renewable electricity for the plant and an offtake arrangement will deliver hydrogen directly to Kimberly‑Clark’s Barrow‑in‑Furness factory.
- Project developers say the facility should cut that factory’s natural gas use by up to 50% and avoid roughly 18,300 tonnes of CO2 emissions each year, and the scheme received support from the UK Hydrogen Allocation Round 1.
- Markets reacted modestly with a small uptick in Plug shares and analysts keeping a cautious stance, and investors will watch Barrow as the first execution test of Plug’s 55 MW UK electrolyzer award and as a signal for future project bankability.