Plug Power and Johnson Matthey have today (January 31) announced a long-term strategic partnership, aimed at accelerating the hydrogen economy, by boosting technology supply chains.
The companies will co-invest in a 5GW catalyst coated membrane (CCM) manufacturing facility, with plans to scale the site to 10GW over time, which the partners say could be the ‘largest’ of its kind in the world.
Set to be established in the US, the facility is likely to begin production in 2025 and is aimed at supporting Plug in delivering its targeted revenue of $5bn and $20bn by 2026 and 2030 respectively.
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