Plug Power acquires Joule Processing for up to $160 million

Plug Power acquired Joule Processing LLC, an engineered cryogenic process equipment provider, for a total consideration of up to $160 million, including $30 million upfront. The technology is to be used in hydrogen liquefaction plants.

“Plug Power purchased Joule for a total consideration of up to $160 million, with $30 million upfront.”jouleprocess.com

• 1 source
• jouleprocess.comPlug Power Acquires Joule Processing, Enters Strategic Collaboration with Atlas Copco Gas and Process and Fives to Expand Offerings for Global Hydrogen Liquefaction MarketFeb 21, 2022

Summarized from public sources; check the original articles before acting on it.