Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I don't think that there are many proven alternatives to Plug’s PEM electrolyzers.
Lhyfe and Fertiglobe are successfully producing hydrogen using Plug’s electrolyzers.
Moreover, Fortescque’s electrolyzers still need years of research and testing before they can be used.
the Fortesque/Plug relationship is different eery time you look at it!
Last year it seemed they were getting closed again with PLUG n the FID for their huge Australian project even though Fortesque are supposedly making their own electrolysers.
For this Washington State porject I am not sure which electrolyser it will be. Every installation PLUG makes extends the distance between them and the followers. Recent price increases though may have damaged Plugs lead.
With Fortesque also taking over the HYVIA hub from Nikola using NEL electrolysers still with PLUG cryo equipment their US “product mix” is complicated.
Also no mention of Plug Power 😂
US Green Hydrogen Industry Kicks Into High Gear, Politics Or Not
2024/03/15
https://cleantechnica.com/2024/03/15/us-green-hydrogen-industry-kicks-into-high-gear-politics-or-not/amp/
no mention of where they will source the renewable electricity. Will they install solar panels and wind turbines onsite? Power plant foot prints aren't very large, but they do have grid connection (to push into the grid but no doubt ca be used to pull from the grid) that would need changes in the 45V rules to qualify as green hydrogen.
Washington, Centralia Green Hydrogen Facility
Fortescue is pushing to the forefront of sustainable energy initiatives with the proposed development of a green hydrogen facility in Lewis County, Washington, known as the Centralia project. Set to be a 300MW electrolyzer plant, this facility aims to produce green hydrogen on a 137-acre former coal mine site and is located adjacent to TransAlta’s Centralia coal power plant, slated for closure in 2025.
Key Highlights
- Location: Lewis County, Washington
- Job creation: Over 300 direct jobs during the construction phase, with 45 permanent, direct jobs during operations.
- Capacity: 300MW electrolyzer plant, producing 110 tonnes of green H2 per day.
- Technology: Supplying cost-effective green hydrogen for grid reliability and decarbonizing heavy-duty trucking and other heavy industry.
Strategic Impact
The green hydrogen produced at Centralia is set to meet regional demand, with a focus on keeping the environmental benefits within the Pacific Northwest. Fortescue's Centralia project has earned recognition as part of the Pacific Northwest Hydrogen Hub and secured funding from the US Department of Energy’s Office of Clean Energy Demonstrations (OCED). This funding will bolster Fortescue’s place in the Pacific Northwest, covering advanced planning, detailed design, environmental permitting, and procurement of equipment.
Fast Facts
- Site: 137 acre former coal mine site
- Engineering status: Design phase, full permitting in subsequent phases subject to Final Investment Decision by the Fortescue Board.
- Construction timeline: Anticipated kick-off in 2026, extending into 2028.
Fortescue's Centralia Green Hydrogen Facility is not just a project; it's a catalyst for positive change, driving economic growth, job creation, and environmental sustainability in Lewis County and beyond.
https://fortescue.com/what-we-do/our-projects/washington-centralia-green-hydrogen-facility
France's Lhyfe wins 149 mln euro grant for green hydrogen plant
Reuters March 18, 2024
March 18 (Reuters) - French hydrogen company Lhyfe (LHYFE.PA), opens new tab has received a grant of up to 149 million euros ($162 million) from the French government to build a green hydrogen production plant near Le Havre in France, it said on Monday.
The production site is scheduled to begin operations by 2028, Lhyfe's statement said.
.....
https://www.reuters.com/business/energy/frances-lhyfe-wins-149-mln-euro-grant-green-hydrogen-plant-2024-03-18/
IRS Schedules Hearing On Hydrogen Production Taxes
By Jared Serre · March 18, 2024
The Internal Revenue Service plans to hold a three-day public hearing this month on proposed rules affecting the tax treatment of the production of clean hydrogen, the agency announced Monday....
https://www.law360.com/tax-authority/articles/1814623
Repost from FCEL board.
H2 View's 2024 webinar "Electrolysers: Unlocking the Future of Hydrogen Webinar"
sponsored by Fuel Cell Energy
Going Live: Fri 22nd March 2024, 14:30 (GMT), 10:30 am ET
Speaker - David Stevens, Senior Solutions Engineer, FuelCell Energy
Sign up for our next Electrolysers Webinar! Link https://www.gasworld.tv/webinar-program/h2-view-electrolysers/
Paul, who cares if it is not your desire and hope if you are actually doing what you said you would not do. If you had so many deals out there, why did you do this B. Riley deal in the first plac?. This is a terrible deal for long term shareholders and looks more like a desperation play because no one else would take the deal.
So, Europe in particular has been a big, big market for us and a big win.
And I'm really excited because we win something like 80%, 85% of the programs we bid on. And we really went on for two primary reasons. One, when -- if they -- and these are -- there's only a handful of players in the PEM electrolyzer market. But when customers come and visit our facility in Rochester, and see the state-of-the-art facility we have in the capacity that we have there, nobody in the world has a Giga factory like that. So we're uniquely positioned to serve as customers' need.
And second, they can go and see our Georgia plant and see the product work and see the experience that we've had and how successful that's been. And that really is the key differentiator that often gets us the wins in that product platform. So we've got multi gigawatt worth of pipeline of opportunities. We're going to sell a lot more this year, probably in -- we're probably going to deploy something like 300 to 400 megawatt of products this year. That pipeline could be more, and we've got more and more layered in of interest to continue to grow and scale on those programs as we nurture move forward.
Paul Middleton
Plug Power Inc. J.P. Morgan 2024 Industrials Conference March 14
https://seekingalpha.com/article/4678272-plug-power-inc-plug-management-presents-j-p-morgan-2024-industrials-conference-transcript?mailingid=34685296&messageid=2800&serial=34685296.4751&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=34685296.4751
(Jack_Bolander)
“I've been with the company 10 years. I joined them right when I like kind of started developing and launched commercial success into the market. We've launched into companies like Walmart, we do about 70% of their distribution centers across the U.S. So if you visit a Walmart store, it's more highly likely products you're buying are coming from a distribution center that is solely powered by fuel cells and their forklift applications by Plug Power.
We're in over 90 Amazon sites distribution centers. We're in to almost half of the Home Depot distribution centers just to give you a context.”
Paul Middleton
Plug Power Inc. J.P. Morgan 2024 Industrials Conference March 14
https://seekingalpha.com/article/4678272-plug-power-inc-plug-management-presents-j-p-morgan-2024-industrials-conference-transcript?mailingid=34685296&messageid=2800&serial=34685296.4751&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=34685296.4751
(Jack_Bolander)
“One of the steps we took was also announcement yesterday pushing out some of our convertible bonds by a year at very low interest rates for an unsecured facility. So that puts us in a good position in terms of debt opportunities and solution. We have a huge number of parties that express a lot of interest in Plug. We just continue to nurture to find the right solution. And so we've got a billion of capacity ATM. It's not our desire and hope that we dilute, but it certainly puts a lever on us that we can actually be more competitive with the banks and others that in terms of driving solutions on capital.
So we feel pretty good about the short-term and mid-term availability of capital to us.”
Paul Middleton
Plug Power Inc. J.P. Morgan 2024 Industrials Conference March 14
https://seekingalpha.com/article/4678272-plug-power-inc-plug-management-presents-j-p-morgan-2024-industrials-conference-transcript?mailingid=34685296&messageid=2800&serial=34685296.4751&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=34685296.4751
(Jack_Bolander)
3.3600
+0.0200
(+0.5988%)
After hours: 4:21 PM EDT
mira - I might make jokes, but I am very serious when it comes to making money.
No kidding. Until it is real, I value any PLUG news at ZERO. News about a customer ... at LESS than ZERO.
Jack, you are kidding!
That style of comments is more for the YH board!
Banger - You should know by now there are NO GIVENS with PLUG.
given Home Depot s one of the original Pedestal customers this will be 4 big distribution centers to be delivered this year, they will be opening with GenDrive powered fork lifts , may be with on site hydrogen production as well as these are huge facilities.
with higher prices and no lease backs.
so very much PLUG related, just because PLUG doesn't announce orders (they ay when they receive them) doesn't mean we shouldn't be watching their key customers for early pipeline information.
GenDrives are already 30% margin and if they generate their own hydrogen the fueling “loss” will not apply...
Yes and on top PLUG paid me nearly a apartment for my daughter!😉
Banger - Thanks.... But No Mention of PLUG or Hydrogen.
Wrong Board ?
Some good news from Home Depot
https://www.cnbc.com/2024/03/14/home-depot-to-open-distribution-centers-in-home-professional-push.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToFacebook&fbclid=IwAR28vlngqPIxV2kgowB-NVuUl7h2qqcLQDYam58V-6ThSe2P8PJ1kgX0ZOo_aem_Aacr1OAx9F7jDhsyEj2tiRsHXLC_yKN3NfkZrVoYJM2Ar_DXd74N_aiCPwRir0SGwQ8
Currently 14 Pro distribution centerS adding 4 more this year. One in Toronto Jack!
Mira - Thanks. You and I are the Lucky Ones.
Our governments haven't given PLUG One Penny of our money to PLUG.
I would be upset if my hard-earned money was being misallocated to PLUG. 🤣
That´s one of the best jokes in the last 14 days!
B_B - Now every American is an investor in PLUG ... Like it or NOT.
I would be upset if my hard-earned money was being misallocated to PLUG.
Funding Selections for Clean Hydrogen Electrolysis, Manufacturing, and Recycling Activities under the Bipartisan Infrastructure Law
https://www.energy.gov/eere/fuelcells/bipartisan-infrastructure-law-clean-hydrogen-electrolysis-manufacturing-and-0?source=email
Plug Power, which hopes to be a leader in “green” hydrogen made from water and electricity, is the biggest single recipient, getting three separate grants totaling $88.9 million
With these grants the DOE loan is a sure thing and will follow soon.
Plug Power wins $75 million grant from DOE
The Latham hydrogen fuel cell company is getting grant to assist with research and manufacturing expansion
By Larry RulisonMarch 13, 2024
U.S. Senate Majority Leader Charles Schumer delivers a speech during a ribbon cutting for Plug Power's new manufacturing facility on Thursday, Jan. 12, 2023, in Slingerlands, N.Y. Schumer announced a $75 million federal grant for Plug Power on Wednesday.
Will Waldron/Times Union
COLONIE – Hydrogen fuel cell manufacturer Plug Power has been awarded $75.7 million in two grants from the U.S. Department of Energy to refine and expand its manufacturing output at factories it operates both here in the Capital Region and in Rochester.
U.S. Senate Majority Leader Chuck Schumer, D-NY, made the announcement Wednesday afternoon.
The DOE grant money will come out of the $1 trillion infrastructure bill that President Joe Biden signed in 2021. Many of the grants coming through that bill focus on development of renewable energy sources and clean energy technologies being developed to combat climate change.
Schumer announced a total of $90 million in DOE grants on Wednesday going to Plug Power and two other upstate New York companies that are also focused on fuel cells and so-called green hydrogen used as fuel in the devices.
.....
Plug Power has an electrolyzer factory in Rochester that will benefit from a $45.7 million grant. Another $30 million grant being awarded to Plug Power will allow the company to manufacture more heavy duty fuel cells. Plug Power's fuel cells are used most commonly in fork lift trucks, but the company is also targeting commercial trucks and stationary power needs with larger fuel cells that can supply more power.
Plug Power opened a new, 407,000-square foot fuel cell factory in Slingerlands in the town of Bethlehem a year ago, and Albany County Executive Dan McCoy said last week in a radio interview that he would have a "huge" announcement about Plug's operations in Slingerlands. It is unclear if the DOE grant will be used to expand the Slingerlands facility to make larger fuel cells. Plug Power officials have declined to say what announcement McCoy is planning.
"This funding will advance Plug’s fuel cell and electrolyzer manufacturing capabilities, create good paying jobs in New York, and fortify the region’s leadership in the national clean energy transition," Plug Power CEO Andy Marsh said in a statement Wednesday.
https://www.timesunion.com/business/article/latham-fuel-cell-maker-plug-power-wins-75-18965307.php
https://www.timesunion.com/business/article/latham-fuel-cell-maker-plug-power-wins-75-18965307.php
Plug Power, GM Win Federal Funds In $750 Million Push To Accelerate Clean Hydrogen
The Energy Department is doling out grants to dozens of companies and universities to aid electrolyzer and fuel cell production to expand use of the carbon-free fuel.
Alan Ohnsman Mar 13, 2024,02:52pm EDT
The Biden Administration is pushing ahead with efforts to make carbon-free hydrogen a cheaper and more widely used form of clean energy, dispersing $750 million of federal funds to help companies and universities including Plug Power, General Motors and Cummins scale up production of electrolyzers that make hydrogen and fuel cells that use it.
Plug Power, which hopes to be a leader in “green” hydrogen made from water and electricity, is the biggest single recipient, getting three separate grants totaling $88.9 million, followed by Norway's’ Nel, a maker of electrolyzers, which received $54.9 million for two U.S. projects. GM, startup Electric Hydrogen and major industrial firms including Bosch, Cummins and Germany’s Thyssenkrupp also received major grants. Funds from the program come from the Bipartisan Infrastructure Law.
.....
https://www.forbes.com/sites/alanohnsman/2024/03/13/plug-power-gm-win-federal-funds-in-750-million-push-to-accelerate-clean-hydrogen/?sh=2ae5aeb75782
Worst case is looking more probable daily. If you planned or knew things would get better, would you be buying shares here if you were in management? If you knew a reverse split would occur in 12-24 months, would you? If Green H2 makes it then there will be strong demand and an insatiable need for cash. The are not selling billions of dollars of shares at $2-$4. They will do a reverse and then do it at $30-$40. Seen this play out this way in the past. They will just adjust their stock options. We cannot just adjust our shares.
Plug Power awarded over $77M towards clean hydrogen projects
21 minutes ago George Gandy
https://www.rochesterfirst.com/environment/plug-power-awarded-over-77m-towards-clean-hydrogen-projects/
B_B - Not a GOOD DEAL !
Refinance 3.75% DEBT with 7% DEBT.
What is WRONG with Paul. What about his recent statement , "No new DEBT or DILUTION ." ?
so they have pushed back the interest payment that was due on the old notes from March until the June date for the new notes but paying 7% now.
with the DOE loan (If approved soon) money not coming in until late Q3 at the earliest its going to be a tight ship for 6 months OLIN coming on line will help
Plug Power swaps old notes for new in debt restructuring
2024-03-13
https://in.investing.com/news/plug-power-swaps-old-notes-for-new-in-debt-restructuring-93CH-4066245
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/62d9b3fc-67cc-4b0a-8be0-6f9b3bc0c7a2.pdf
An Interesting Read :
https://finance.yahoo.com/news/despite-positive-press-plug-powers-090000097.html
Almost all the DOE LPO announcements in 2024 and 2023 were on Thursdays and Fridays.
https://www.energy.gov/lpo/listings/lpo-news
"Is it a coincidence that shorts are covering as the ATM is rolling out?"
dilution generally drives the pps down...thats what shorts want...why would they cover before before the pps drops?...
Biden-Harris Administration Releases First-Ever National Strategy to Accelerate Deployment of Zero-Emission Infrastructure for Freight Trucks
Tuesday, March 12, 2024
https://highways.dot.gov/newsroom/biden-harris-administration-releases-first-ever-national-strategy-accelerate-deployment
Landmark Strategy Will Build on New National Electric Vehicle Freight Corridors Designated by the Federal Highway Administration and Advance the President’s Clean Transportation Goal to Decarbonize the Freight Sector to Improve Our Communities, the Environment, and the Economy
Steve, you're describing a worst possible nightmare type scenario. I hope that's not the case. Andy could help by buying shares at these levels.
I am happy for you!
My Plug shares are getting worse by the day 😅
B_B - You know what else is funny?
ALL of my options are Deep in the Money !
And getting better by the day.
You know what's funny, I bought more shares yesterday 😭
Is it a coincidence that shorts are covering as the ATM is rolling out? I wonder if B. Riley is shorting Plug while dumping shares or do they have to hold the shares and are they allowed to own puts? It would be convenient for them and typical that shares get unloaded on retail. I suspect after all the shares are unloaded and the DOE loan gets done the Reverse Split the stock to get it to $30-$40 a share before the next offering. It would be like setting the clock back and having a redo. What do you all think?
Uniper unveils plan to add 120MW green hydrogen capacity to blue H2 project
Electrolyser scheduled to start up in 2029, but a final investment decision will hinge on UK subsidies
12 March 2024 By Polly Martin
German energy company Uniper has today announced that it intends to extend a planned blue hydrogen project it is developing in north-east England to include 120MW of green hydrogen production capacity, in order to supply Phillips 66’s nearby Humber refinery with clean H2.
.....
https://www.hydrogeninsight.com/production/uniper-unveils-plan-to-add-120mw-green-hydrogen-capacity-to-blue-h2-project/2-1-1611144
TotalEnergies-backed green hydrogen megaproject reveals details of gigawatt-scale first phase
Chariot Energy and TEH2 aim to take a final investment decision in the latter half of 2027
12 March 2024 By Polly Martin
A 10GW multi-phase green hydrogen project in Mauritania will start with 1.6GW installed in its first stage, one of its developers Chariot Energy revealed yesterday following the completion of a feasibility study.
.....
https://www.hydrogeninsight.com/production/totalenergies-backed-green-hydrogen-megaproject-reveals-details-of-gigawatt-scale-first-phase/2-1-1610884
Despite Positive Press, Plug Power's Problems Persist
By Jason Hall and Tyler Crowe – Mar 12, 2024
https://www.fool.com/investing/2024/03/12/despite-positive-press-plug-powers-problems-persis/
Followers
|
729
|
Posters
|
|
Posts (Today)
|
10
|
Posts (Total)
|
55906
|
Created
|
03/01/05
|
Type
|
Free
|
Moderators uksausage WeTheMarket Jack_Bolander |
Page is currently being updated - watch for more information about their recent acquisitions and competitors
Welcome to Plug Power
http://www.plugpower.com/Home.aspx
Plug Power is the leading provider of clean hydrogen and zero-emission fuel cell solutions that are both cost-effective and reliable.
In 2020/21 Plug Power cemented two major partnerships
https://www.plugpower.com/plug-power-and-sk-group-partnership/
https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2021/Groupe-Renault--Plug-Power-Join-Forces-to-Become-Leader-in-Hydrogen-LCV/default.aspx
The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. The Company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, Plug Power replaces lead-acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers.
Extending its reach into the on-road electric vehicle market, Plug Power’s ProGen platform of modular fuel cell engines empowers OEMs and system integrators to rapidly adopt hydrogen fuel cell technology. ProGen engines are proven today, with thousands in service, supporting some of the most rugged operations in the world. Plug Power is the partner that customers trust to take their businesses into the future.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |