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Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen market, announced that its European headquarters will be located in the port of Duisburg, Rhineland of North Westphalia, Germany.
With a significant presence in Europe for more than ten years, Plug Power is stepping up its investments on the continent to develop and grow the green hydrogen economy through a new European headquarters. Duisburg, the world’s largest inland port, provides the company with direct maritime supply chain connections to Antwerp, Belgium, and Rotterdam, the Netherlands.
This establishment will allow Plug Power to capitalize on the major assets of the industrial zone of the Duisburg region, in particular a high concentration of logistics and transport customers and a highly qualified workforce. Duisburg was also elected as one of the three German hydrogen technology capitals, which gives it a decisive role in the German energy transition. As such, Plug Power is at the center of the European hydrogen ecosystem and will be well placed to contribute to the development of future green hydrogen applications.
“Plug Power intends to play an important role in the development of green hydrogen in Europe and to contribute significantly to the European hydrogen strategy”, said Andy Marsh, CEO of Plug Power. “Our establishment of a head office in the Port of Duisburg supports our ambitious goals of leading the construction of a global green hydrogen ecosystem. “
Markus Bangen, CEO of duisport, also underlined the importance of the location for the port and the region: “Sustainability is a decisive economic factor. duisport has been working for years to build climate neutral transport structures and actively shape the energy transition in the region’s transport and logistics sector. Hydrogen will play a central role in the future and is an essential element for the industrial and logistics industries in the state of North Rhine-Westphalia and the port of Duisburg. We are therefore very pleased to welcome the European Headquarters of Plug Power in the port of Duisburg, thus advancing the development of this site as a hydrogen hub in Germany and NRW.
The mayor of the city of Duisburg, Sören Link, explained: “The location of the European headquarters of Plug Power in the port of Duisburg underlines the international importance of the Rhine-Ruhr metropolitan region. The city of Duisburg, one of NRW’s most important commercial sites, is laying the groundwork for an energy transformation. The Hydrogen Technology and Innovation Center and the new European Headquarters of Plug Power will create value for the port city. We look forward to continuously developing Duisburg together.
The initial 70,000 square foot facility will house an innovation center with engineering laboratories, a monitoring, diagnostic and technical support center, an on-site electrolyser for the production of green hydrogen, a inventory and logistics and a training space. The large logistics areas of the port of Duisburg can accommodate future extensions, allowing the company to meet its plans for rapid growth in Europe.