Plug Power Inc. (PLUG), a provider of comprehensive hydrogen solutions, on Thursday said it has entered into a supply agreement with Allied Biofuels FE LLC (ABF) for up to 2 gigawatts (GW) of its GenEco PEM electrolyzer systems.
The deal will support ABF's development of sustainable aviation fuel (SAF), electro-sustainable aviation fuel (eSAF), and green diesel projects, with a final investment decision expected in the fourth quarter of 2026.
Building on Plug's previously announced 3 GW collaboration with Allied Green Ammonia (AGA) in Australia, the new agreement with ABF raises the total contracted electrolyzer capacity between Plug and its Allied partners to 5 GW across two major clean energy projects.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.