Shares Connect Power (NASDAQ) stocks surged 11% on Tuesday midday after it received a one-gigawatt (GW), electrolyze request, making this the largest ever installed electrolyzer in the world.

H2 Energy Europe placed the order for a Danish green hydrogen production facility.

Green hydrogen can be produced by the electrolyzer using offshore wind power.

The technology is expected to be deployed at the H2 Energy’s complex in 2024, with production of green hydrogen in 2025.

Leo Mariani, KeyBanc’s analyst for the company, expects that shares will react positively to this news.

Mariani said, “This is the biggest ever order of electrolyzers in the history of the world. It helps cement PLUG’s leadership position in this new product.”

According to the analyst, these products will be manufactured at Rochester’s gigafactory, NY. It was established just over a month back and should reach full production by this fall.