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  • TC Energy (TRP) has awarded Plug Power Inc. an order to deliver two 30-tons-per-day (TPD) hydrogen liquefaction systems
  • Plug Power is a leading provider of turnkey hydrogen solutions for the global green hydrogen economy
  • TC Energy is an energy infrastructure company consisting of pipeline and power generation assets in Canada, the U.S. and Mexico
  • TC Energy Corporation (TRP) is down 0.18 per cent, trading at C$54.69 per share at 9:50 am ET

TC Energy (TRP) has awarded Plug Power Inc. an order to deliver two 30-tons-per-day (TPD) hydrogen liquefaction systems.

Plug Power is a leading provider of turnkey hydrogen solutions for the global green hydrogen economy. The company is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation.

These 30TPD hydrogen liquefaction systems utilize a hydrogen refrigeration cycle and bring to market one of the most energy-efficient designs to date.

Liquid hydrogen has superior energy density than gaseous hydrogen. This makes it easier to transport and use in hard-to-decarbonize sectors. By liquifying hydrogen with Plug’s highly efficient and reliable liquefaction systems, TC Energy will achieve significant cost savings. It will allow broader distribution coverage and overall energy efficiency with minimal hardware.

Corey Hessen, executive vice president and president of TC Energy, commented on the news.

“TC Energy is advancing decarbonization solutions across Canada and the United States. Securing long-lead equipment and systems gives us a head start as we move to finalize sites for hydrogen production and distribution hubs.”

Andy Marsh, CEO of Plug, also commented on the news.

“This deal validates our investment in Plug’s liquefaction capabilities as part of our vision to build an end-to-end green hydrogen solution. We share TC Energy’s commitment to providing sustainable and secure energy. Together we look forward to accelerating the growth of the hydrogen market.”

The two hydrogen liquefiers are scheduled for delivery in Q2-Q3 2024. It will serve TC Energy facilities in North America that are not yet operational.

TC Energy is an energy infrastructure company consisting of pipeline and power generation assets in Canada, the U.S. and Mexico.

TC Energy Corporation (TRP) is down 0.18 per cent, trading at C$54.69 per share at 9:50 am ET.


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