11:01 AM EDT, 05/16/2024 (MT Newswires) -- Plug Power ( PLUG ) said Thursday it signed a Basic Engineering and Design Package contract with Allied Green Ammonia for a three gigawatt electrolyzer plant supplying hydrogen to a planned ammonia facility in the Northern Territory of Australia.

The final investment decision for Allied Green Ammonia's hydrogen-to-ammonia facility is expected in Q4 2025, the firm said.

Green hydrogen produced by Plug's electrolyzers can help decarbonize the ammonia production process, Plug said.

Financial details weren't provided.

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