Plug Power Acquires Joule Processing For $160M; Partners With Atlas Copco, Fives

Benzinga Real-time News ·  02/18/2022 05:02

Plug Power Inc (NASDAQ:PLUG) 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 (OTC:ATLCY), and Fives, to jointly develop hydrogen liquefaction plants.Under the agreement, Plug Power will design, manufacture, install, operate and maintain hydrogen liquefiers for its use and third parties.Atlas Copco Gas and Process will design and manufacture custom turboexpanders and compressors related to the hydrogen liquefaction plants.Fives will manufacture the brazed aluminum heat exchangers and optimize their integration in cold boxes.Plug Power also revealed the acquisition

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