10:17 AM EDT, 10/07/2024 (MT Newswires) -- Plug Power ( PLUG ) said Monday it signed a binding framework deal with Allied Green Ammonia to finalize a supply agreement for three gigawatts of electrolyzer capacity that will be provided to Allied's green hydrogen ammonia plant in Australia.

The companies will now move into finalizing the sales and purchase agreement, with the delivery of Plug's electrolyzer system expected for the end of 2026 or early 2027, the company said.

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