Plug Power creates hydrogen partnerships with Airbus, Phillips 66

Plug Power Inc (NASDAQ:PLUG) today announced a couple of hydrogen-focused partnerships with European commercial aircraft maker Airbus (EPA:AIR) and Houston-based diversified energy manufacturing and logistics company Phillips 66 (NYSE:PSX).

The US turnkey hydrogen solutions provider has joined forces with Airbus to study the feasibility of bringing green hydrogen to future aircraft and airports around the world. Plug Power said it will establish deployment scenarios for green hydrogen infrastructure at airports, while the European aerospace corporation will provide insight on hydrogen aircraft characteristics.

The two will also choose an airport in the US to become the first “Hydrogen Hub” pilot airport in North America and serve as a case study for hydrogen infrastructure scale-up at other sites.

Airbus has set the ambitious goal of bringing zero-emission aircraft to market by 2035.

“Not only do we envision a future where aircraft everywhere are powered by green hydrogen, but the airports that serve them as well, including ground support equipment, forklifts, and vehicles that shuttle consumers around airports, and to gates,” said Andy Marsh, CEO for Plug Power.

Meanwhile, Plug Power and Phillips 66 have agreed to collaborate on the development of low-carbon hydrogen business opportunities. More specifically, they will seek ways to deploy Plug Power’s technology within Phillips 66’s operations, which include 13 wholly-owned and joint venture refineries in both the US and Europe.

The newly-signed memorandum of understanding envisages collaboration on three key goals, including: integrating and scaling low-carbon hydrogen in the industrial sector; advancing hydrogen fuelling opportunities for the mobility sector; and developing hydrogen-related infrastructure to support the build-out of the hydrogen value chain.

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