Benzinga | Nov 30, 2021 04:47PM EST

Plug Power And ACCIONA Energa Launch AccionaPlug Joint Venture

LATHAM, N.Y. and MADRID, Spain, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and ACCIONA Energ?a (BME:ANE), a global developer, owner, and operator of renewable energy projects, today announced that the companies have finalized the formation of their previously announced 50-50 joint-venture. Incorporated as AccionaPlug, the joint-venture is headquartered in Madrid and will develop, operate, and maintain green hydrogen projects throughout Spain and Portugal. Alan Ripa, with 16 years track record in executive positions in ACCIONA Energ?a group, his last position being Chief Executive Supervisor at ACCIONA Energ?a Internacional, has been named CEO of AccionaPlug.