Plug Power Signs LOI With Hy2gen For 5MW PEM Electrolyzer To Be Installed At Sunrhyse, Hy2gen's Flagship Hydrogen Production Project In Signes, France

• Agreement advances renewable, RFNBO-certified hydrogen production in southern France.
• Partnership supports logistics and mobility decarbonization across the Provence-Alpes-Côte d'Azur region.
• Project expands Plug's European footprint through collaboration with Hy2gen on green hydrogen solutions.
   

SLINGERLANDS, N.Y., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, announced it has signed a letter of intent (LOI) with Hy2gen for a 5MW PEM electrolyzer to be installed at Sunrhyse, Hy2gen's flagship hydrogen production project in Signes, France.

Hy2gen is a world-leading company in developing, financing, building, and operating plants for RFNBO-certified hydrogen production. The LOI lays the foundation for collaboration between Plug Power and Hy2gen to advance hydrogen use in southern France. Plug will support the transport and distribution of hydrogen produced at Sunrhyse and continue expanding its turnkey hydrogen forklift solutions for logistics bases across the region.

The LOI builds on Plug and Hy2gen's growing collaboration across Europe and North America, including Hy2gen's Project Courant in Québec, Canada, which includes a large-scale electrolyzer and aims to reach Final Investment Decision (FID) before 2027. Together, the companies are developing a global framework for renewable hydrogen production and distribution to accelerate the energy transition across key international markets.