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Oh, Boy !
Now we have something for our airship to do besides tourist rides :
Clipper Airship
Long-haul hydrogen and freight transport
Meet the world's first point-to-point hydrogen delivery system. The Clipper can transport vast quantities of liquid hydrogen to destinations around the world with greater affordability, safety, speed, and efficiency than any other method.
https://www.h2clipper.com/solutions
Jeonju City builds two liquefied hydrogen charging stations
Charging infrastructure added to Sanglim, Songcheon, and Jeonmi-dong this year
Reporter Choi In-young Entered 2024.04.11
[Today Energy Reporter Choi In-young] Jeonju City, Jeollabuk-do, announced plans to build two liquefied hydrogen charging stations and one gaseous hydrogen charging station this year to expand the use of hydrogen vehicles.
Jeonju City announced on the 11th that, in addition to the four hydrogen charging stations currently in operation, it plans to build three additional stations this year to provide a stable supply of hydrogen energy and increase the convenience of charging for hydrogen vehicle drivers.
Previously, from 2020 to 2023, Jeonju City built hydrogen charging stations in a total of four locations: Songcheon-dong, Samcheon-dong, Pyeonghwa-dong, and Saekjang-dong. This year, a total of three stations are planned to be built, including Sanglim Hydrogen Station, Songcheon Liquid Hydrogen Station, and Jeonmi Liquid Hydrogen Station.
The liquefied hydrogen charging station, which will be installed for the first time this year, is expected to contribute to the spread of hydrogen commercial vehicles such as hydrogen buses and hydrogen trucks as it has a larger facility capacity than the existing gas system and enables fast charging.
The Sanglim Hydrogen Charging Station is being promoted by Jeonbuk City, entrusting the construction project to the Jeonbuk Development Corporation, and approximately 3.1 billion won, including national and provincial expenses, will be invested. Songcheon Liquefied Hydrogen Charging Station and Jeonmi Liquefied Hydrogen Charging Station are being promoted by Hyosung Hydrogen and SK Plug Hybus, respectively, and each charging station will invest approximately 11 billion won, including government funds.
The Songcheon liquid hydrogen charging station is scheduled to begin operation in June, and the Sanglim charging station and Jeonmi liquid hydrogen charging station are scheduled to begin operation in September.
An official from Jeonju City said, “If the number of hydrogen charging stations in the Jeonju area increases to 7, the daily supply of hydrogen fuel will approximately triple from the existing 2,150 kg to 6,400 kg,” adding, “About 1,200 hydrogen passenger cars and 350 hydrogen buses per day.” “This is the amount that can be recharged,” he explained.
Meanwhile, Jeonju City has been providing subsidies for the purchase of hydrogen vehicles since 2019 to expand the supply of hydrogen vehicles, and announced that it plans to purchase and support a total of 330 vehicles, including 211 hydrogen passenger cars and 119 hydrogen buses, this year.
https://www.todayenergy.kr/news/articleView.html?idxno=270159
(Google Translate)
https://stocktwits.com/bwahahaha/message/569238678
MOL Group inaugurates green hydrogen plant following 22 million Euro investment
Petre Barac APRIL 11, 2024
MOL Group has handed over a 10 megawatt capacity green hydrogen plant in Százhalombatta (Hungary) which is the largest in Central and Eastern Europe. The 22 million Euro investment makes fuel production more sustainable: the plant will reduce the Danube Refinery’s carbon dioxide emissions by 25 000 tonnes. MOL will be able to produce 1,600 tonnes of green hydrogen per year.
The new technology will gradually replace the natural gas-based production process, which currently accounts for one sixth of the MOL Group’s total carbon dioxide emissions. The plant will start producing in the second half of 2024: MOL will use the green hydrogen primarily in its own network for fuel production.
Plug Power’s electrolysis equipment uses electricity from renewable sources to break down water into hydrogen and oxygen. This means that no polluting by-products are generated and, in fact, the plant produces 8-9 tonnes of pure oxygen per tonne of hydrogen.
“MOL Group has reached another milestone: we can now produce green hydrogen without producing any greenhouse gases. Using this technology, we are able to achieve the same emissions reduction as if we took roughly 5,500 cars off the road overnight. Today, our new green hydrogen plant is only making MOL’s industrial operations greener, but tomorrow it will offer solutions for the whole industry and hydrogen mobility. After Száhalombatta, we will take the technology to the other two fuel production units of the group to make the fuel production process more sustainable at each of MOL Group’s refineries” said József Molnár, CEO of MOL Group, at the inauguration ceremony of the new green hydrogen plant.
https://www.thediplomat.ro/2024/04/11/mol-group-inaugurates-green-hydrogen-plant-following-22-million-euro-investment/
NO. I'm not LONG !
I am covering a short position ... DEEP IN THE MONEY !
As we walk this DOWN to $2.82, I have bids in all the way down to $2.80.
I have a $2.92 still unfilled.
Day Low 2.90
You have finally joined us 👏
In partnership with Plug, the MOL Group has reached another significant milestone in achieving sustainability goals. They will begin production at MOL Danube Refinery, making it the largest #greenhydrogen plant in Central and Eastern Europe, with a capacity of 10 megawatts.
4:40 PM · Apr 11, 2024
In partnership with Plug, the MOL Group has reached another significant milestone in achieving sustainability goals. They will begin production at MOL Danube Refinery, making it the largest #greenhydrogen plant in Central and Eastern Europe, with a capacity of 10 megawatts. pic.twitter.com/xXg4U5y0kq
— Plug Power Inc. (@PlugPowerInc) April 11, 2024
Banger - I'm pretty sure that you are guessing and that it is a WAG at that.
Wishful Thinking ?
When PLUG first applied for this Loan the share price was $10 .
PLUG has fallen 67% and that trend is continuing. And the share count grows every day.
I don't know anyone who would loan a penny to this company until they see some Fiscal Discipline .
pretty sure the DOE have already approved it but it has to go to Congress (the OMB in particular) for approval, that is what we are waiting for.
At that point they start drawing up the detailed loan paperwork and fixing the numbers.
I can imagine the OMB is asking the DOE - why not 6 separate loans not one big one…
Someone Just Hit my $2.96 BID !
Is PLUG Selling ATM shares Today ?
I have a $2.92 still unfilled.
of course you do you are short. Dah!
I really hope the DOE Loan is REJECTED !
PLUG is another Solyndra, and DOE would just be throwing good money after bad.... Our money.
PLUG has already proven many times that they are NOT capable stewards of investor's money and our money could be better spent elsewhere.
That would be nice, but at this point I just don't see it unless the big boys of WS have this planned. Carvana was a shocker to me. I had a nephew that worked there and left figuring it was going under. I was shocked when it took off and still not sure why. Maybe, just maybe, if the DOE loan and 45V gets passed in our favor and we start showing decreasing losses and decent revenues then it could happen, but figure more likely Andy and Paul do something dumb again. At this point few have any faith in these guys so it is up to them to make people believe again that they can pull this off. At this point there is no proof and until we see improvements with the continued dilution it will be hard to move the stock up. I just see them more than likely taking the easy out and a redo.
Here is an interesting read :
https://finance.yahoo.com/news/1-wall-street-analyst-thinks-134500037.html
I hope the DOE loan will be approved this week.
And Positive PR ? Have we seen ANY meaningful positives out of PLUG lately ? The LACK of positive news is also very concerning.
Andy is saving the positive PRs for the sunny days 😎
Steve - We agree. If the ATM ends, PLUG will need to find more $$$ somewhere. It certainly won't be coming from cash flows anytime soon.
More Debt and More Dilution and Selling some Limbs or Vital Organs? All of these options are painful.
My VALID Concern is that PLUG lacks the management horsepower to pull off the miracle you and BOB are hoping for.
The DOE loan and 45v will be positive bumps, but NOT enough to reverse this Negative Trend.
And Positive PR ? Have we seen ANY meaningful positives out of PLUG lately ? The LACK of positive news is also very concerning.
I think it will be like Carvana (CNVA) in 2023.
Tuesday, January 09, 2024
Post# 54673
No, I am not. It will be a great year for Plug Power, just like Carvana (CNVA) in 2023.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173589161
B_B - Nice Chart !
18.77 Million say , NEGATIVE.
BB, sure we are under attack and that is because Andy and Paul lack of good stewardship and mismanagement. Add to that the missing of projections every quarter and flat out lies and deception on what is actually going on have killed our credibility. They caused the shorts to be so successful. They are just the buzzards of Wall street. After we have gone through the ATM and assuming we get the DOE loan they will need more cash for the next round of expansion. They are not going to dilute us futher with another round around $5 a share. They will likely want the share price at least $25-$50 before they do that and the only way we likely get there is a reverse split. Again, take a look at the Root example. If the timing is right, you can create a squeeze, assuming the model they have proposed actually can become a profitable If they can show signs of better margins, increasing revenues and a path to being profitable it can work. The big if is can they get it done and is their model feasible?
DOE loan - POSITIVE
Q1 - POSITIVE
45V - POSITIVE
(my expectations 🤣)
An Increase in Overall Short Interest ...
And you think this is positive ?
I think some are betting on negative news from DOE and 45v and Q.
POSITIVE, POSITIVE and POSITIVE 🤣
the order is: DOE loan, Q1 and 45V
and more POSITIVE press releases in between
An increase in Short Interest is usually a bearish indicator.
I think some are betting on negative news from DOE and 45v and Q.
Top 10: Sustainable Companies in Energy
By Maya Derrick April 10, 2024
Including GE, Siemens and Brookfield Renewable Partners, we talk you through the leading sustainable companies in the energy industry
Companies across the energy sector have spent recent years firmly shifting their focus toward renewable sources and ensuring their operations are as efficient and environmentally conscious as possible. And that can not be more truthfully said for the 10 companies that make up this month’s Top 10.
For April, we’re focusing on the leading sustainable companies operating in the energy space and the contributions they are making to paving a path to a greener future. Whether that be through promoting energy conservation or offering solutions to reduce carbon footprint, the showcasing of eco-friendly practices and implementation of green initiatives not only benefits the companies themselves, but sets a mark for others to follow in their footsteps.
10. Plug Power
???????Market cap: US$2.25bn
Engaged in the development of hydrogen fuel cell systems that replace conventional batteries in equipment and for the likes of EVs, Plug Power positions itself and its workforce as trailblazers and innovators. As stated in its latest ESG report, Plug Power’s commitment to sustainability “goes hand in hand with our company’s mission to displace diesel and
other fossil fuels with the accelerated use of green hydrogen as we transition to a global net-zero economy”. The brand is focused on leading the green hydrogen industry to minimise the impact of climate change.
Revenue: US$891m
Employees: 3,868
CEO: Andrew J. Marsh
???????Founded: 1997
.....
https://energydigital.com/articles/top-10-sustainable-companies-in-energy
Thai company aims to bring hydrogen-powered vehicles to the market
WEDNESDAY, APRIL 10, 2024 Jarupong Krisanaraj
Take the transport sector and its emphasis on electric vehicles. Commercial electric vehicle (EV) manufacturer Nex Point Plc is taking clean fuel one step further by signing a memorandum of understanding with two Japanese firms - Toyota Group’s trading arm Toyota Tsusho and automotive components manufacturer Denso - to develop hydrogen fuel cell vehicle (FCEV) trucks and analyse the feasibility of commercial utilisation in Thailand.
.....
Khanist expects the project to help promote hydrogen as an alternative energy along with batteries. Applying hydrogen to commercial vehicles can boost its longest distance to 1,000 kilometres compared to 300 kilometres from batteries alone.
.....
According to Toyota Tsusho, the prototype of Thailand’s first FCEV truck is expected to be completed within the fourth quarter of this year.
After that, trials of the FCEV truck will be conducted for three years between May 2025 and March 2028. The vehicle is expected to take a role in Thailand’s transport sector from April 2028 onwards.
.....
https://www.nationthailand.com/special-edition/sustainability/40037128
HysetCo secures €200M to accelerate hydrogen refueling
HysetCo has converted over 500 professionals (primarily taxi drivers) to its solution and distributes nearly 30 tonnes of hydrogen each month.
Cate Lawrence 18 minutes ago
Clean hydrogen project investor Hy24 has joined forces with HysetCo, a company at the forefront of developing hydrogen-powered transportation solutions. Together, they have secured nearly €200 million in funding to speed up making transportation more environmentally friendly.
Green hydrogen offers a system-wide solution to the challenge of decarbonising mobility, with applications spanning intensive use, heavy transport, captive fleets, and light commercial vehicles (LCVs).
Hydrogen offers zero emissions at the point of use, silent operation, no odour, or vibrations, effortless refueling in three to five minutes, and a remarkable range of up to 600 km.
However, access to hydrogen refuelling has arguably been the biggest barrier to mass adoption and mainstream commercialisation. This creates a chicken and egg problem where a lack of refueling access disincentivises hydrogen vehicle ownership, and a lack of vehicles disincentives an increase in refuelling options.
France has been betting big on hydrogen since launching a national plan in June 2018. It aims to have 225 hydrogen stations available by 2025, with the possibility of up to 1000 by 2030.
In response, HysetCo has developed an integrated mobility solution to facilitate a system-wide transition to hydrogen.
In addition to providing convenient access to its network of hydrogen distribution stations, HysetCo offers customers a comprehensive turnkey solution, encompassing all services related to vehicle usage, from procurement to maintenance, repair, insurance, and training.
HysetCo has successfully converted over 500 professionals (primarily taxi drivers) to its solution and now distributes nearly 30 tonnes of hydrogen every month. The company owns the world’s largest fleet of hydrogen taxis, operated by Hype.
In 2021, it acquired Slota Group, a long-standing Parisian taxi operator. It added 150 Peugeot E-Expert hydrogen vans to its fleet in February 2024, which currently includes the Toyota Mirai and Renault Master van.
.....
https://tech.eu/2024/04/10/ysetco-secure-eur200m/
PLUG Short Interest
Settlement Date---Short Interest---Avg. Daily Share Volume---Days To Cover
03/28/2024----------183,771,591-----------26,078,822------------------7.046775
03/15/2024----------172,194,529-----------38,005,611------------------4.530766
02/29/2024----------159,827,772-----------41,895,711------------------3.814896
02/15/2024----------170,841,440-----------47,704,034------------------3.581279
01/31/2024----------183,888,243-----------72,529,772------------------2.535348
SHORT INTEREST 183.77M (03/28/24)
% OF FLOAT SHORTED 29.82%
SHORT INTEREST 172.19M (03/15/24)
% OF FLOAT SHORTED 27.94%
SHORT INTEREST 159.83M (02/29/24)
% OF FLOAT SHORTED 25.93%
SHORT INTEREST 170.84M (02/15/24)
% OF FLOAT SHORTED 31.33%
SHORT INTEREST 183.89M (01/31/24)
% OF FLOAT SHORTED 34.07%
SHORT INTEREST 158.33M (01/12/24)
% OF FLOAT SHORTED 29.35%
SHORT INTEREST 161.5M (12/29/23)
% OF FLOAT SHORTED 29.94%
SHORT INTEREST 158.44M (12/15/23)
% OF FLOAT SHORTED 29.37%
SHORT INTEREST 155.38M (11/30/23)
% OF FLOAT SHORTED 28.82%
SHORT INTEREST 149.47M (11/15/23)
% OF FLOAT SHORTED 27.73%
SHORT INTEREST 144.63M (10/31/23)
% OF FLOAT SHORTED 26.99%
SHORT INTEREST 127.83M (09/29/23)
% OF FLOAT SHORTED 23.85%
SHORT INTEREST 133.78M (09/15/23)
% OF FLOAT SHORTED 24.97%
SHORT INTEREST 120.69M (08/31/23)
% OF FLOAT SHORTED 22.53%
SHORT INTEREST 118.8M (08/15/23)
% OF FLOAT SHORTED 22.17%
SHORT INTEREST 111.75M (07/31/23)
% OF FLOAT SHORTED 20.91%
SHORT INTEREST 127.12M (07/14/23)
% OF FLOAT SHORTED 23.78%
SHORT INTEREST 120.85M (06/30/23)
% OF FLOAT SHORTED 22.61%
SHORT INTEREST 115.51M (06/15/23)
% OF FLOAT SHORTED 21.61%
SHORT INTEREST 120.08M (05/31/23)
% OF FLOAT SHORTED 22.50%
SHORT INTEREST 116.73M (05/15/23)
% OF FLOAT SHORTED 21.87%
SHORT INTEREST 105.98M (04/28/23)
% OF FLOAT SHORTED 19.86%
SHORT INTEREST 100.58M (04/14/23)
% OF FLOAT SHORTED 19.07%
SHORT INTEREST 92.76M (03/31/23)
% OF FLOAT SHORTED 17.63%
SHORT INTEREST 88.13M (03/15/23)
% OF FLOAT SHORTED 16.75%
SHORT INTEREST 80.72M (02/28/23)
% OF FLOAT SHORTED 15.33%
I don’t think Andy needs to do a reverse split. If he can get the share price above $5, it will continue to rise.
The put-call ratio is falling, this is bullish and it will give some support.
The volume is decreasing while the short interest is increasing, ideal for a short squeeze.
It's actually not all Andy’s fault, Plug has been under attack.
April 08, 2024 Form 4 Statement of Changes in Beneficial Ownership
Mahtani Kavita
Compensation awarded to directors pursuant to Plug Power Inc.'s Non-Employee Directors Compensation Plan.
Trans. Date 4/1/2024 Amount 6,541 Acquired Price $3.44
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/5a1d577d-55e9-4d74-a03d-53054c666cb0.pdf
Steve - A Reverse Split .... So Soon ?
Lipstick on a PIG. Mostly optics.
A 5/1 split wouldn't move the needle, 10/1 demonstrates just how Pathetic PLUG has become.
It does remove the "Penny Stock" label , and signals that there is still room to the downside.
Weird, they are past the times of having hot flashes. All kidding aside I followed another stock awhile back and while it is in a different industry (car insurance) it also was heavily shorted and now soaring. Looking back on it they had a reverse split and the stock continued down and when earnings got better (granted they still had a loss) the stock has taken off. The stock goes by the symbol ROOT. I just wonder if Andy is thinking of doing the same. While it would kill the long timers, the new shareholders buying after the reverse split and the stock most likely sinking after that would do well as margins should be getting better, cost down and revenue creeping back up. This would be a way for Andy and Plug to get a do over after having screwing things up the first time. At least the timing of green H2 would be better if this is done later this year or 2025 when losses should start coming down. I don't see profits anytime soon unless we get the DOE and 45v more favorable. If you were Andy, would you not be thinking the same thing?
European court rules human rights violated by climate inaction
1 hour ago By Georgina Rannard
A group of older Swiss women have won the first ever climate case victory in the European Court of Human Rights.
The women, mostly in their 70s, said that their age and gender made them particularly vulnerable to the effects of heatwaves linked to climate change.
The court said Switzerland's efforts to meet its emission reduction targets had been woefully inadequate.
It is the first time the powerful court has ruled on global warming.
.....
https://www.bbc.com/news/science-environment-68768598
You are right, but the tables will turn before July.
B_B - You know what is really funny?
Remember when PLUG was in double digits and BE was in single digits ?
Remember when PLUG's market cap was 4 times more than BE's?
Remember when PLUG was worth more than BE ?
LOL
It would be funny to see the Q1 numbers between Bloom and Plug next month.
Why did Bloom's CFO resign?
Ballard and Plug have a bright future 😁
Clipper Airship
Long-haul hydrogen and freight transport
Meet the world's first point-to-point hydrogen delivery system. The Clipper can transport vast quantities of liquid hydrogen to destinations around the world with greater affordability, safety, speed, and efficiency than any other method.
https://www.h2clipper.com/solutions
Last-mile drone delivery with pinpoint accuracy launched by H2 Clipper
By HAZEL KING April 5, 2024
H2 Clipper (H2C), an aerospace and alternative energy company, has been awarded a US patent for its ‘warehouse in the sky’ that includes the integration of aerial drones to enable pinpoint pick-up and last-mile delivery accuracy for commercial, consumer and humanitarian use.
The technology uses a beacon such as a dedicated device or personal cell phone to enable package delivery by drone for major delivery companies such as Amazon, FedEx, UPS and DHL, particularly in remote locations. Uniquely, the beacon also permits package returns from rural areas and remote global villages to put those items into international commerce.
The technology also has the ability to launch drones from a dirigible, allowing the drones to use all onboard energy to lift heavier packages rather than using that same energy to fly to the drop-off or pickup zone, resulting in efficient use of every route. It also has charging bays for the aerial drones to recharge between short flights, which further reduces package delivery and retrieval time and the number of trips, and an onboard camera to provide proof of delivery.
.....
https://www.parcelandpostaltechnologyinternational.com/news/last-mile/last-mile-drone-delivery-with-pinpoint-accuracy-launched-by-h2-clipper.html
PLUG is riding on BE's coattails today.
Thank you, BE.
Thanks Stew. I think I will run Boston more to just enjoy the event and not worry so much about the time. I will still train up, but my goal was to get into the event and run with the immortals of the sport. Go PLUG!
Glad you made it,now comes your big one. You will do just fine in the big one don't forget to put on your PLUG shirt.
Steve - Nothing to do with PLUG, but congratulations. Most folks have no idea about that area of Vegas. Snow capped mountains, skiing, tall trees ..
I hope you don't have to manage many stairs. Going downstairs is especially painful.
Kudos on Qualifying for Boston.
Can we get back on topic now please?
Good news! I completed the Mt. Charleston marathon in 4:09:02 which qualifies me for Boston in 2025 with almost 11 minutes to spare so I will not get cut. This year cut off was over 5 minutes from the BQ time. Maybe by Thursday I'll stop hurting so bad. I have been running for a bit over 11 years now and it took me 7 marathons to finally make it.
B_B - Off Topic ? No mention of Hydrogen or PLUG ?
China’s AS700 airship completes maiden ferry flight
BY MIQUEL ROS 2024-04-03
China’s new civilian airship, the AS700, completed its maiden ferry flight on April 2, 2024.
The flight took off from Jingmen and landed at Jingzhou, both in Hubei province of Central China, after a flight of one hour and 46 minutes.
The AS700, which is the first Chinese thrust-vector-control airship to be certified, can carry 10 people, including crew, in a single capsule. With a maximum takeoff weight of 4,150 kg and a maximum flight range of 700 km, the AS700 can stay aloft for up to 10 hours.
Its developer, the Aviation Industry Corporation of China (AVIC), has orders for 18 units of the type and expects the AS700 to enter service commercially before the end of 2024.
The AS700 airship will first be used in the tourism market, although it is likely that other applications, such as search and rescue missions, will be developed at a later date.
Airships are also making a commercial aviation comeback in the West, where companies such as United States-based LTA, Britain’s Hybrid Air Vehicles (HAV) and France’s Flying Whales are all developing new generation airships for passenger and cargo transportation.
https://www.aerotime.aero/articles/chinas-as700-airship-completes-maiden-ferry-flight
Yes, it's this project, but no FID yet.
B_B - Is this the Project in Australia which has been delayed because there is no funding ?
NO FID ?
Fortescue is yet to say where its electrolysers will be utilised first, but they are not due to be used at the company’s planned 550MW Gibson Island project in Brisbane, Queensland, despite the new factory being a little over 500km away.
The preferred electrolyser supplier for Gibson Island is Plug Power, which would supply its machines from New York state, about 18,500km away.
Billionaire Forrest’s Fortescue officially opens new 2GW PEM hydrogen electrolyser factory in Australia
Electrolysers were designed in-house after initial deal with Plug Power fell through
8 April 2024 By Leigh Collins
…..
Fortescue is yet to say where its electrolysers will be utilised first, but they are not due to be used at the company’s planned 550MW Gibson Island project in Brisbane, Queensland, despite the new factory being a little over 500km away.
The preferred electrolyser supplier for Gibson Island is Plug Power, which would supply its machines from New York state, about 18,500km away.
In October 2023, when Fortescue announced Plug as the preferred supplier, a company spokesperson told Hydrogen Insight that the move was a reflection of an impending supply squeeze on electrolysers.
“Right now, there are not enough electrolysers in the world to support the amount of green hydrogen we are set to produce,” the spokesperson said at the time.
“That is why we are partnering with other world leaders in this space to secure our green energy supply chain, and we’re excited to secure capacity with Plug to help us achieve our goals.
“Fortescue has always said we are technologically agnostic and will always use the best solutions at the best price for shareholders for each of our projects.”
…..
https://www.hydrogeninsight.com/electrolysers/billionaire-forrest-s-fortescue-officially-opens-new-2gw-pem-hydrogen-electrolyser-factory-in-australia/2-1-1622833
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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.
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