Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced the execution of a binding supply agreement with Allied Biofuels FE LLC (ABF) for up to two gigawatts (GW) of Plug’s GenEco PEM electrolyzer systems.
The Slingerland, New York-based company also says the agreement supports ABF’s development of sustainable aviation fuel (SAF), electro-sustainable aviation fuel (eSAF) and green diesel, with a final investment decision expected in the fourth quarter of 2026.
Building on the previously announced 3 GW collaboration with Allied Green Ammonia (AGA) in Australia, this new supply agreement with Allied Biofuels FE LLC (ABF) brings the total contracted electrolyzer capacity between Plug and its Allied partners to 5 GW across two landmark projects.
Plug’s technology will power ABF’s flagship SAF and eSAF facility in Uzbekistan, a strategically located site designed to serve global sustainable fuel markets.
The agreement was signed in Australia during Plug CEO Andy Marsh’s visit to the region, where he met with project developers and energy partners to advance additional hydrogen and liquid-fuel opportunities.
This morning’s news release says the signing “represents one of the largest electrolyzer supply agreements announced in 2025, underscoring Plug’s growing role in enabling large-scale renewable fuel production across the Central Asia region.”
PLUG shares declined 10 cents, or 3.5%, to $2.60.
