Overview
- Plug Power, which announced the award on Thursday, will deliver front-end engineering and design for a 275 MW PEM electrolyzer at Hy2gen’s Courant site in Baie-Comeau.
- The company’s work covers system design, electrolyzer integration, plant layout, and performance tuning for the planned hydrogen facility.
- Power from Hydro-Québec would drive hydrogen that feeds low-carbon ammonia, which Hy2gen plans to process into renewable ammonium nitrate for mining explosives.
- The contract ranks among Plug’s largest electrolyzer wins to date, and the stock rose about 7% after the news.
- The deal sits at the FEED stage, which maps cost and configuration before a build decision, and standard risks around permits, financing, and delivery still apply.