Plug power is one step closer to having an installed electrolyzer capacity of 3GW by 2025 having announced the acquisition of Frames Group in a €85m ($98m) cash and €30m ($35m) earnouts transaction. A strategic move for the New York-based company, the purchase of Frames Group will see the combination of Plug Power stack technology with Frames Group’s system integration capabilities.
Plug Power to expand electrolyser capacity and European growth with Frames Group acquisition
