Plug Power Inc.

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.

Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. www.plugpower.com.

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Hercules Capital

New York State

Generate Capital

Silicon Valley Bank

Air Liquide

SK Group

DTE Energy

Plug Power

The retail industry saw the value of hydrogen fuel cells early and quickly adopted them in their distribution centers to meet sustainability goals. In our latest blog post, “Hydrogen Fuel Cells in Retail Material Handling,” we explore the success story of our partner Walmart, who saw significant improvement in warehouse space savings, electricity consumption, operator and equipment productivity, and sustainability after embracing Plug’s end-to-end hydrogen solutions.


Read more here: https://bit.ly/4acySpG

Today we’re sharing #PlugSymposium2023 breakout session "Plug’s Electrolyzer Offering Value proposition: Perspectives from Plug & Key Customer Testimony." Hear from Sanjay Shrestha, General Manager, Energy & Chief Strategy Officer and Bruno Forget, VP, Strategy & Operations Management, Electrolyzer BU at Plug, as they speak to our partners Andrew Miller, VP of Projects of Infinium, and Anselmo Andrade Fernández de Mesa, CEO of H2B2 Electrolysis Technologies about the opportunities they’re seeing in the market.

Watch the full session here: https://lnkd.in/dQ5KJNiZ

We’re shining a spotlight on Plug Sales Coordinator, Aysel Boniou, whose commitment to building relationships has elevated our company’s goal to foster a collaborative and innovative culture. Her favorite thing about Plug? The environment Plug offers, which she describes as ‘easy-going’ and ‘supportive.’ Read more about Aysel here: https://bit.ly/47CVZrT

Explore solutions to grid power constraints with the new Plug eBook “Grid Constraints and the Future of EVs.” The number of electric vehicles are expected to surpass 40 million on the road by 2030 including fleet EVs from companies like Amazon, FedEx and United States Postal Service. The growing number of electric vehicles requires increased power from the grid to recharge. Is there a solution if the current power grid can’t handle the volume? Learn more about how Plug’s #greenhydrogen fuel cells can meet the challenge of power grid constraints. Download the eBook here: https://bit.ly/3uz5ji3

Unlock insights from the #PlugSymposium2023 breakout session on "Decarbonizing Multiple Industries: Practical Considerations for Converting Operations to Green Hydrogen," hosted by Sanjay Shrestha, General Manager, Energy Solutions & Chief Strategy Officer, Bruno Forget, VP, Strategy & Operations Management and Ben Victor, VP of Hydrogen Energy Solutions. 

Explore scalable electrolyzer solutions, including plans for a 10-megawatt product. Gain practical tips for improving efficiency and reducing costs, while gaining insights into the critical role of liquid hydrogen in storage and transport and transitioning to green hydrogen. Watch the full video here: https://lnkd.in/g4z6zyRa

Earlier today, Plug signed a joint declaration at the German-Danish Green Hydrogen Summit in Copenhagen, calling for political action to turn the German-Danish hydrogen pipeline into reality by 2028. Plug joins over 30 companies in urging the German and Danish governments to expedite planned hydrogen infrastructure by underscoring the potential of green hydrogen in enabling a net-zero emission economy.
 
Germany's substantial industrial hydrogen demand and the European target of producing 10 million tons of renewable hydrogen by 2030, emphasize the importance of robust leadership and collaboration. The German and Danish industries are ready to deliver on both EU and national green hydrogen targets, but the availability of competitive green hydrogen, at scale, in time, is key in fueling the transition.
    
Read the declaration here: https://bit.ly/47OkYIs

Plug experts Sanjay Shrestha, Kevin Kopczynski, and Raja Amirthalingam, Ph.D., P.E., explore various hydrogen distribution methodologies, including trailers for liquid hydrogen, as well as pipelines, salt caverns, and more, in this webinar video "Getting Hydrogen from Here to There," from #PlugSymposium2023. Watch the session here: https://lnkd.in/geMXmQ9B

Watch the full Plug Symposium here: https://bit.ly/46rREXw

The global hydrogen market's potential is projected to be $317 billion by 2032, with the European Union's Renewable Energy Directive being a key driver, mandating 42% of hydrogen consumed by industries to be green by 2030. Plug's partnerships, like Hyvia, aim to capture a share of Europe's hydrogen goals, particularly through its Light Commercial Vehicle market. This article from Automotive World examines the business potential of Plug's #greenhydrogen ecosystem in helping to reach those goals. Read more here: https://bit.ly/3MSzC9A

Today, we conclude National Apprenticeship Week on a note of gratitude. We extend our appreciation to all Plug mentors, colleagues, and apprentices for the enriching experiences and collaboration in building the #greenhydrogen economy. #NAW23

Plug Executive Vice President of EMEA Region Benjamin Haycraft recently addressed where in the world competitive green hydrogen can be produced at scale and where it is mostly likely to be consumed. Watch the full video here: https://bit.ly/47hqzay #PlugSymposium2023 #GreenHydrogen

XETRA:PLUN

Plug Power Inc.

Last Close

2.33

26/07 20:00

Market Cap

2.00B

Beta: 1.76

Volume Today

44.99M

Avg: 27.33K

PE Ratio

−2.77

PFCF: −1.47

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