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Plug Power (PLUG) is planning to offer as much as 250 MW of hydrogen electricity in a potential special auction by PJM Interconnection, the largest U.S. power grid, Chairman Andy Marsh told Bloomberg in an interview published Saturday.
“We’re courting data center operators and utilities that really come up with the right mix,” Marsh told Bloomberg, saying Plug (PLUG) is already talking to hyperscalers, data center companies, and utilities, and adding that the company would need contracts lasting at least seven years.
PJM, which operates a 13-state grid serving the eastern and midwestern U.S., is facing potential power shortages, largely due to surging consumption by data centers to power the artificial intelligence boom, and the Trump administration is pushing for an emergency auction to bolster electricity supplies.