New York Gateway Project Sale to Stream Data Centers
Sector: Hydrogen • Location: New York, United States
Source: Minichart
Plug Power and Stream have amended their purchase and sale agreement for the New York Gateway Project. Stream's prior $6.5 million escrow deposit will be released to Plug, and Stream will make a new $10 million escrow deposit toward purchasing land at the Gateway site. The purchase price is fixed at $142 million. The closing provisions allow for near-term sale of the land, while the sale of non-la
- Status
- Closed
- Sector
- Hydrogen, Power Generation (CCGT)
- Location
- New York, United States of America
- Updated
- 22 Jul 2026
- Source
- Minichart
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Project Information
Participants
| Not available for this record. |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Plug Power and Stream have amended their purchase and sale agreement for the New York Gateway Project. Stream's prior $6.5 million escrow deposit will be released to Plug, and Stream will make a new $10 million escrow deposit toward purchasing land at the Gateway site. The purchase price is fixed at $142 million. The closing provisions allow for near-term sale of the land, while the sale of non-land assets is extended to March 31, 2027, pending New York State environmental and regulatory review. Plug retains ownership of the substation and interconnection assets and a repurchase right over the land until the second closing. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | New York |
Source
Source | Minichart |
URL |
More Details
Record type | Project |
Sector | Hydrogen, Power Generation (CCGT) |
Article published date | 2026-07-16 |
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