Hydrogen firm Plug Power is selling more land to US data center firm Stream.
The company this week announced two transactions with Stream US Data Centers, LLC: One to sell land in Texas to the operator and another to amend an existing sale agreement over land in New York.
A Stream data center in Texas
Nasdaq-listed Plug has signed a definitive agreement to sell its project in Graham, Young County, Texas, comprised of 66 acres of land and associated 164MW of grid interconnection assets, to Stream for up to $76.5 million. The deal is expected to close at the end of July.
Around $50 million is to be paid at closing, and up to an additional $26.5 million based on the load capacity that will be confirmed in the final interconnection agreement with the Texas utility.
