Plug Power (NASDAQ: PLUG) has been awarded a contract to deliver a five megawatt (MW) containerized proton exchange membrane (PEM) electrolyzer system to international energy company Irving Oil for the production and distribution of hydrogen at its New Brunswick refinery, the largest in Canada.

Irving Oil will use the electrolyzer to help with its goal of shifting its hydrogen production to low-carbon, or green hydrogen in the future – with the investment of the electrolyzer as an important first step on this journey. Initially, Plug ’s electrolyzer technology, powered by the local electricity grid, will enable Irving Oil to produce 2 tonnes of hydrogen per day for refining and mobility applications.

Andy Marsh, CEO of Plug Power, said “Demand for green hydrogen is growing because companies that have relied on other forms of hydrogen are recognizing the viability of achieving net-zero carbon emission targets. Driven by our leading electrolyzer technology and unparalleled manufacturing capacity, we are honored that Irving Oil has chosen Plug to support its initial investment in electrolytic hydrogen production. We look forward to expanding the partnership.”

Plug’s 5 megawatt containerized electrolyzer system for the Saint John, New Brunswick refinery will be manufactured at Plug’s Gigafactory in Rochester, N.Y., the world’s first and largest PEM fuel cell and electrolyzer manufacturing Gigafactory. Following manufacturing, deployment of the technology at the oil refinery is expected in Q3 2023, and hydrogen production is expected to be fully operational by late 2023.

Shares of Plug Power trade on the NASDAQ under the ticker symbol PLUG.