PLAGAZI AND BLU-POWER SIGNS LETTER OF INTENT FOR 2 000 TONS GREEN HYDROGEN OFFTAKE MARKING FURTHER COMMITMENT TOWARDS THE TRANSPORT SECTOR
Plagazi AB (publ) (“Plagazi” or the “Company”) has signed a letter of intent (“LOI”) together with Blu-Power GmbH (“Blu-Power”) with the intent to form a long-term offtake agreement of 2’000 tons of green hydrogen, produced in Plagazi’s and Neue Energien Premnitz’s German large-scale project “Havelstoff” located in Brandenburg. The estimated amount of hydrogen that Blu-Power will source covers almost half of the yearly production of one Plagazi HE-2000 unit and the parties have agreed upon a market-competitive price per kilogram of H2.Blu-Power's aim is to create an infrastructure for