Plug Power Inc (PLUG)

[B_B!]

HYDROGEN PLANT DELAY
Wed, 04/12/2023

Young County Commissioners voted to grant a one-year extension to the planned hydrogen production facility that will pay taxes to the Olney Hamilton Hospital and Newcastle Independent School District, due to what the company described as labor and equipment shortages.

Plug Project Holding Co. was supposed to have its Plug Power plant “substantially completed” by March 31 and operating by December of this year in order to receive a county tax abatement, but it has yet to break ground on the $281 million facility west of Graham.

County Judge Win Graham told commissioners at a March 27 meeting that he discussed the delays with representatives of Albany, New York-based Plug Project and learned that the company was still working out easements on water and power lines and had experienced “COVID supply shortages, equipment shortages, things you’re seeing in other places.”

Nevertheless, “it sounded to me like they are committed to his project and will be building it,” Judge Graham said. The extension gives the company until March 31, 2024, to commence commercial operations.
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https://www.olneyenterprise.com/news/hydrogen-plant-delay