Plug Power signed a definitive agreement to acquire Frames Group. Frames designs, builds, and delivers processing equipment, separation technologies, flow control and safeguarding systems, for water and renewable energy solutions.

The Frames acquisition will support Plug Power’s goal to reach an installed electrolyzer capacity of 3 GW by 2025. Plug will combine its world-class stack technology with Frames’ systems integration capabilities to deliver a range of turnkey electrolyzer solutions from 1-MW containers to 1,000 MW standalone plants.

"Frames Group delivers services cost-effectively to many of the world’s largest energy providers. We look forward to our journey together, delivering value to customers around the world through our green hydrogen solutions," said Andy Marsh, CEO for Plug Power. "Plug Power is set to become one of the largest pure play green hydrogen ecosystem companies."

Headquartered in the Netherlands, Frames has about 300 employees located largely in Europe and India.