OREMC Welcomes Plug Power
OREMC is pleased to welcome our newest business/industrial consumer-member Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen solutions. They will be building a green hydrogen production plant in Camden County, Georgia, to serve customers across the southeastern United States.
“With this hydrogen production plant, we are expanding our green hydrogen network to provide zero-emissions fuel to customers in Georgia and across the Southeast,” said Andy Marsh, CEO of Plug Power. “Investing in Camden County is the right choice to support Plug Power’s continued growth.”
The plant will be located in the Camden County Industrial Park and produce 15 tons per day of liquid green hydrogen, using 100% renewable energy from OREMC and intended to fuel transportation applications, including material handling and fuel cell electric vehicle fleets. Plug Power is investing $84 million in the facility, which is expected to create at least 24 jobs in the local community starting in 2022.
“We are pleased to be able to partner with Plug Power,” stated OREMC CEO John Middleton. “Plug Power has signed a Purchase Power Agreement with us to provide the renewable energy needed to power the plant, which will make them our largest consumer-member with a 47.5 MW load when the plant is fully built out. Partnering with Plug Power is a significant investment in, and benefit to the OREMC membership collectively, but also the communities we serve by helping to fuel economic development.”
Plug Power is also working closely with local and state authorities as it moves forward with the project, including Camden County Joint Development Authority, the Georgia Department of Economic Development and the City of Kingsland.
Executive Director of the Camden County Joint Development Authority James Coughlin said, “We were excited when approached by Plug Power and Okefenoke REMC to consider Camden County as a potential location, and pleased
to structure a package that is beneficial for the company and the community. We are grateful for the cooperation between the partners, as this type of forward-thinking collaboration is what makes projects work in Southeast Georgia.”
“Georgia is a great place to do business, and because of that, we continue to attract the jobs of the future,” said GDEcD Commissioner Pat Wilson. “Many thanks to Plug Power for choosing to invest in Georgia, and for helping bolster our green technology ecosystem. Congratulations to our partners in Camden County, and thank you for your efforts to help bring jobs to Georgia that positively impact our economy and our environment.”
About Plug Power
Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. The company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the company has deployed over 40,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America.