{"id":12523,"date":"2024-06-25T06:55:00","date_gmt":"2024-06-25T10:55:00","guid":{"rendered":"https:\/\/www.plugpower.com\/?p=12523"},"modified":"2024-06-25T10:58:20","modified_gmt":"2024-06-25T14:58:20","slug":"plugs-7-5-gw-basic-engineering-and-design-package-contracts-bedp","status":"publish","type":"post","link":"https:\/\/www.plugpower.com\/blog\/plugs-7-5-gw-basic-engineering-and-design-package-contracts-bedp\/","title":{"rendered":"Unpacking the Future: Plug\u2019s 7.5 GW Basic Engineering and Design Package Contracts\u00a0"},"content":{"rendered":"\n
Since introducing the Basic Engineering and Design Package (BEDP) offer just two years ago, Plug’s electrolyzer business has experienced remarkable growth. With total BEDP global contracts reaching 7.5 GW, the momentum is undeniable. This milestone not only highlights the increasing demand for green hydrogen but also underscores the importance of Plug\u2019s experience in electrolyzer technology in driving the green hydrogen revolution. Let\u2019s break it down and explore the BEDP approach and what it means for the industry and Plug. <\/p>\n\n\n\n
The BEDP provides the engineering and plant integration details to allow a full plant front-end engineering design (FEED) study to proceed purposefully and efficiently to understand, in detail, the capital and operating expenditures associated with running a potential plant. <\/p>\n\n\n\n
The BEDP approach enables Plug\u2019s customers to seamlessly integrate the electrolyzer package into the project\u2019s broader engineering and construction plan. Customers also benefit from Plug\u2019s experiences building its own plants and sharing lessons learned as the only electrolyzer OEM supplier building green hydrogen plants. <\/p>\n\n\n\n
The BEDPs contain all the information for a clients\u2019 FEED project phase to develop a mature project execution plan and financial models required to bring the projects to Final Investment Decision (FID). <\/p>\n\n\n\n
Plug\u2019s comprehensive design framework for a liquid hydrogen plant, is centered around its portfolio suite of products. This includes Plug’s PEM electrolyzers, liquefiers, cryogenic storage solutions, and both liquid and high-pressure gas tube trailers for transport. Plug is the only company to offer this turnkey solution. <\/p>\n\n\n\n
There are various key factors that a company considers when vetting electrolyzer manufacturer and evaluating the viability of a project during the BEDP. <\/p>\n\n\n\n
Plug\u2019s industry leading position in PEM electrolyzer manufacturing at our Rochester, NY Gigafactory and the systems integration know how of Plug Process Systems (Formerly Frames), combined with Plug\u2019s proven project execution and operation at our Woodbine, Georgia facility give the company a unique value proposition to offer to customers evaluating hydrogen projects and going through their FEED work. <\/p>\n\n\n\n
Following the significant project development work and completion of FEED and BEDP activities, customers will select suppliers and look to secure financing to reach FID. The maturity and track record of chosen technologies and suppliers is a key part of the bankability of any green hydrogen project looking to reach FID. <\/p>\n\n\n\n
With 7.5 GW of BEDPs in process, the general timeline for these projected to move to financing and FID is approximately 6-18 months. At that point, the BEDP funnel could translate into hardware sales, with each GW representing up to $0.5B to $0.75B in revenue. <\/p>\n\n\n\n