By Stephen Nakrosis
Plug Power said unprecedented supply challenges to the North American hydrogen network have hurt financial performance this year, but that it believes the problem is temporary. It also expects their facilities in Georgia and Tennessee to produce at full capacity by year-end.
On network disruptions:
The liquid hydrogen market in North America has seen several frequent force majeure events leading to volume constraints.
“The unprecedented number of hydrogen facilities in the market running below nameplate capacity has caused significant hydrogen shortages impacting deployment schedules, fuel prices, system efficiencies, service on hydrogen infrastructures, and timing of varied reliability program rollouts,” Plug said. The company noted that the network has seen improvement recently.
On the company’s facilities in the south:
Facilities in Tennessee and Georgia are expected to have “substantial impacts on network disruptions,” Plug said.
On the affect of network supply disruptions:
Plug said that, “service costs have been affected as hydrogen disruptions have delayed the roll out of upgrades at both new and existing customer sites.”
The company said it has leveraged “logistics assets and team members to transport hydrogen across the U.S. to support customer operations,” while also “implementing contingency plans in various regions of the country.”
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