![]() ![]() Through this long-term cooperation, Plug Power, Atlas Copco Gas and Process and Fives will address some of the biggest needs facing the liquid hydrogen production industry, such as improving the efficiency, cost and lead time of hydrogen liquefiers. The proven cryogenic process technology that Joule developed for the gas processing industry is directly applicable to hydrogen liquefaction and has the potential to reduce the cost of liquified hydrogen by 25%. Today’s collaboration announcement closely follows Plug Power’s acquisition last month of Joule Processing LLC, a process solution and engineered equipment provider with a strong track record of execution among the largest EPC (Engineering, Procurement and Construction) and oil and gas midstream companies. Liquifying hydrogen makes it easier to transport, leading to significant cost savings and broader distribution coverage. ![]() (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced that it has signed a collaboration agreement with Atlas Copco Mafi-Trench Company LLC, the turboexpander technology center within the Gas and Process division of Atlas Copco, and Fives, a global leader in brazed heat exchangers and cryogenic cold boxes, to jointly develop hydrogen liquefaction plants (also known as hydrogen liquefiers). ![]()
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