Plug Power reaches 7.5 GW in BEDP contracts for global electrolyzer projects

Plug Power has achieved a significant milestone reaching 7.5 gigawatts GW in global Basic Engineering and Design Package BEDP contracts since introducing the offer two years ago. “The introduction of our BEDP has significantly propelled the growth of our electrolyzer business,” said Plug CEO Andy Marsh. “This milestone not only highlights the increasing demand for green hydrogen but also underscores Plug’s industry leading position in PEM electrolyzer technology and driving the green hydrogen revolution.”…The general timeline for these projects to move from BEDP and FEED to FID is approximately 6-18 months. At that point, the BEDP funnel could translate into electrolyzer sales, with each GW representing up to $0.5B to $0.75B in potential revenue.