Plug Power announced the completion of a 5‑megawatt GenEco electrolyzer system at Cleanergy Solutions Namibia’s Walvis Bay green‑hydrogen project, the first fully integrated commercial hydrogen facility of its kind in Africa. The electrolyzer is coupled to a 5‑MW solar park and a 5.9‑MWh battery storage system, enabling off‑grid hydrogen production that will supply trucks, port and rail equipment, and small ships in the region.
The integrated system uses Proton Exchange Membrane (PEM) technology, allowing the electrolyzer to operate efficiently on intermittent renewable power. The 5‑MW capacity and 5.9‑MWh storage provide a reliable supply of green hydrogen, positioning the project as a scalable model for hydrogen infrastructure across the continent.
Plug Power’s entry into Africa marks a strategic expansion of its global hydrogen network. The Walvis Bay facility demonstrates the commercial viability of green hydrogen in emerging markets and provides a platform for future exports to neighboring countries, reinforcing the company’s goal of owning the entire hydrogen stack—from electrolyzers to fuel cells and end‑use applications.
Financially, Plug Power reported Q3 2025 revenue of $177 million, with the GenEco electrolyzer business contributing $65 million—a 46% sequential increase and 13% year‑over‑year growth. The company’s gross margin remained negative at 67.9%, but cash burn improved by more than 50% from the prior quarter, reflecting tighter working‑capital management and pricing discipline.
Jose Luis Crespo, President and Chief Revenue Officer, said, “Projects like Cleanergy Solutions Namibia demonstrate how green hydrogen is moving from concept to commercial reality.” He added that deploying electrolyzer technology in growing markets such as Namibia helps partners build reliable, scalable hydrogen infrastructure that can decarbonize transportation and industrial activity today while supporting long‑term economic development.
The project underscores both headwinds and tailwinds for Plug Power. While the company continues to face negative gross margins and significant cash outflows, the rapid growth of its electrolyzer business and the successful deployment in Namibia signal progress toward margin neutrality by year‑end and EBITDA positivity in the second half of 2026. The facility’s success strengthens Plug Power’s competitive position in the expanding green‑hydrogen market and provides a blueprint for future projects in Africa and beyond.
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