Plug Power Inc (PLUG)

[B_B!]

Plug to Announce 2024 First Quarter Results
April 30, 2024
LATHAM, N.Y., April 30, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2024 first quarter results on Thursday May 9, 2024.

Date: May 9, 2024
Time: 8:30 AM ET
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-to-Announce-2024-First-Quarter-Results/default.aspx

[B_B!]

On April 24, 2024, the Board of Directors of Plug Power Inc., a Delaware corporation (the “Company”), approved and adopted the Company’s Seventh Amended and Restated Bylaws (the “Seventh Amended and Restated Bylaws”), which became effective immediately, solely to reduce the quorum required to hold meetings of the Company’s stockholders. The Seventh Amended and Restated Bylaws reduces the quorum requirement from a majority to one-third of the voting power of the outstanding stock entitled to vote, and present in person or represented by proxy, at the Company’s stockholder meetings.

The Company reduced the quorum requirement to ensure that the Company may achieve quorum at the Company’s subsequent meetings of stockholders. Without the quorum reduction, there is a high likelihood that the Company will not be able to obtain a quorum at future stockholder meetings, which would hinder the Company’s ability to conduct business. The Company’s experience over the last few years is that a significant number of its stockholders do not, either directly or through their brokerage accounts, complete their proxies or otherwise deliver voting instructions. Accordingly, securing a quorum at annual meetings has become a challenge despite the Company’s best efforts to solicit participation of its stockholders, directly and with the assistance of its proxy solicitor. For example, shares representing only 56.2% of the voting power were present at the 2023 annual meeting of the Company’s stockholders and the Company was not able to obtain the required quorum until the day before the scheduled annual meeting of the Company’s stockholders. Similarly, the Company was not able to obtain the required quorum until two days before each of the scheduled 2022 and 2021 annual meetings of the Company’s stockholders. The Company believes that reducing the quorum requirement to one-third of the stock entitled to vote on a proposal will reduce the risk of failing to achieve a quorum for any stockholder meetings, which failure would require the Company to adjourn such meetings and therefore cause the Company to incur additional costs and suffer disruptions to its business. If the stockholder turnout increases at stockholder meetings in the future, the Company will consider returning the quorum requirement to a majority of the stock entitled to vote on a proposal.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/029ec88d-f459-4ee2-959c-c571212afd2f.pdf

[B_B!]

stockholders will not be able to attend the Annual Meeting in person 🤣

April 26, 2024
Dear Stockholder:
You are cordially invited to attend the 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of Plug Power Inc., a Delaware corporation (“Plug Power,” “Plug” or the “Company”), to be held via live audio webcast at www.virtualshareholdermeeting.com/PLUG2024 on June 5, 2024, at 10:00 a.m. Eastern Time. There will not be a physical meeting location, and stockholders will not be able to attend the Annual Meeting in person. This means that you can attend the Annual Meeting online, vote your shares during the online meeting and submit questions online during the virtual meeting.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/3d05bd6b-9451-42ff-b040-28638be607ad.pdf

May 15, 2023
Dear Stockholder: You are cordially invited to attend the 2023 Annual Meeting of Stockholders (the “Annual Meeting”) of Plug Power Inc., a Delaware corporation (“Plug Power” or the “Company”), to be held on June 27, 2023, at 10:00 a.m. Eastern Time, at the offices of Goodwin Procter LLP, The New York Times Building, 620 Eighth Avenue, New York, New York 10018. https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/9cbf8b99-c060-419c-9f4c-b97fae63c534.pdf

May 2, 2022
Dear Stockholder:
You are cordially invited to attend the 2022 Annual Meeting of Stockholders (the “Annual Meeting”) of Plug Power Inc., a Delaware corporation (“Plug Power” or the “Company”), to be held on June 30, 2022, at 10:00 a.m. Eastern Time, at the offices of DLA Piper LLP, 1251 Avenue of the Americas, New York, New York 10020. https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/99dcad47-039f-44d2-9358-ad64cea0ef54.pdf

July 9, 2021
Dear Stockholder:
You are cordially invited to attend the 2021 Annual Meeting of Stockholders (the “Annual Meeting”) of Plug Power Inc., a Delaware corporation(“Plug Power”). In light of the COVID-19 pandemic, the meeting is scheduled to be held via live audio webcast at www.virtualshareholdermeeting.com/PLUG2021, July 30, 2021, at 10:00 a.m., Eastern Time. There will not be a physical meeting location, and stockholders will not be able to attend the Annual Meeting in person. This means that you can attend the Annual Meeting online, vote your shares during theonline meeting and submit questions online during the virtual meeting.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/0a3ce1ea-5496-4909-92b3-d73e66e24301.pdf

[B_B!]

Patience, I still have 5 weeks.
I expect press releases every week.

[Jack_Bolander]

Here is an interesting read:

https://seekingalpha.com/news/4095907-bloom-energy-to-help-power-quanta-computers-silicon-valley-expansion?mailingid=35201388&messageid=2900&serial=35201388.1942&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=35201388.1942

[scubastevemd]

Well, a promising start just faded away today. I wonder how much longer 45V can be. The pressure has to be on the iRS.

[ruke]

You can better stop posting right now! If Q1/2024 is bad we are heading to $1.50. If Q1 is good then $4 is a possibility.

[B_B!]

Only 5 weeks left 😰

[Jack_Bolander]

WOW ! B_B - So you are saying that PLUG is UP more than 4 X , to over $10/share by the end of May 2024.

I really like my odds.

[Jack_Bolander]

WTM - We should add Andy to your list. Andy is at the helm, and he should have acted.

Now it's the Boards time to act and Clean House. Time to bring in the professionals.

[WeTheMarket]

Steve, I blame primarely Sanjay and Paul M. (CFO) for Plug Power's demise.

[scubastevemd]

Wow, all the risks and lawsuits! Sorry, I cannot vote for anyone that has governed a company so poorly. Even though they will all win I think we can all agree that a protest vote NO will at least send a message that we are sick and tired of the poor leadership and how they have run the company into the ground.

[B_B!]

Your Vote Counts!
PLUG POWER INC.

2024 Annual Meeting
Vote by June 4, 2024
11:59 PM ET


Voting Items
1. Election of Class | Directors
Nominees:
1a. Andrew J. Marsh

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/7cd6c50e-756e-4abd-a1e9-3d18e3cdd253.pdf

[B_B!]

2023 ANNUAL REPORT TO STOCKHOLDERS

April 26, 2024
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/41d72e98-83bd-4cc5-bbd6-31cf62e2616d.pdf

[B_B!]

You are cordially invited to attend the 2024 Annual Meeting of Stockholders (the
“Annual Meeting”) of Plug Power Inc., a Delaware corporation (“Plug Power,” “Plug” or
the “Company”), to be held via live audio webcast at
www.virtualshareholdermeeting.com/PLUG2024 on June 5, 2024, at 10:00 a.m. Eastern
Time. There will not be a physical meeting location, and stockholders will not be able to
attend the Annual Meeting in person. This means that you can attend the Annual Meeting
online, vote your shares during the online meeting and submit questions online during the
virtual meeting. You will need the 16-digit control number, which is located on your
proxy card, to attend the Annual Meeting. Details regarding admission to the Annual
Meeting and the business to be conducted are more fully described in the accompanying
Proxy Statement.
The proxy statement, with the accompanying formal notice of the meeting, describes
the matters expected to be acted upon at the Annual Meeting as well as information on
how you can vote your shares and submit questions at the Annual Meeting. Only holders
of record of Plug Power’s common stock at the close of business on April 8, 2024 will be
entitled to notice of, and to vote at, the Annual Meeting and any adjournments or
postponements thereof.

April 26, 2024
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/3d05bd6b-9451-42ff-b040-28638be607ad.pdf

https://www.ir.plugpower.com/financials/sec-filings/default.aspx

[uksausage]

they listened to Sanjay….. Had Georgia been nline at 15 TPG by end Q2 then Q3 and Q4 worries wouldn't have happened

[Jack_Bolander]

You gotta love PLUG's ATM.

Selling into the pre-market Hyped Rally.

[B_B!]

JB, if Plug is still under $10 by the end of next month (May), I’ll stop posting here.

[scubastevemd]

So, what the heck happened from August to the end of the year? How did they miss so bad on revenue and all the cash dry up? What happened is what we all should be asking or were they just blowing smoke because that is a huge miss.

[B_B!]

Amid Elon Musk's Visit To Beijing For FSD Push, China Is Eyeing 'Economical' Hydrogen-Powered Vehicles As Next Alternative For Green
Pooja Rajkumari April 29, 2024

Tesla CEO Elon Musk recently wrapped up his visit to China, sparking speculation about the introduction of the full-self driving (FSD) system in the country. However, this visit comes at a time when China’s auto sector is focusing on hydrogen-powered vehicles with policymakers introducing various incentives and business applications to position China as a global leader in this clean energy source.

What Happened: Both central and local governments in China are rolling out a range of incentives to encourage the use of hydrogen-powered vehicles, South China Morning Post reported recently.

For example, Sichuan province is contemplating the removal of highway tolls for these vehicles and lifting restrictions on their access within the city. The province also plans to construct hydrogen refuelling stations and offer subsidies based on the standards of the charging stations.

Hydrogen, a carbon-neutral energy source, allows quick refuelling, making it an ideal choice for large commercial vehicles. Guotai Junan Securities analyst Pang Junwen pointed out that Sichuan’s initiative could make hydrogen-powered vehicles a cost-effective alternative to diesel-fuelled trucks.

Sinopec, China’s largest oil and gas producer, has constructed 11 hydrogen fuel supply centres and 128 hydrogen refuelling stations. Recognizing hydrogen energy as a new frontier for emerging technologies and industries, China, already a significant producer of electric vehicles and lithium batteries, is keen to explore this avenue further.
.....
https://www.benzinga.com/markets/asia/24/04/38484139/amid-elon-musks-visit-to-beijing-for-fsd-push-china-is-eyeing-economical-hydrogen-powered-vehicles-a

[WeTheMarket]

Fossil Fuel Subsidies Surged to Record $7 Trillion
Scaling back subsidies would reduce air pollution, generate revenue, and make a major contribution to slowing climate change
Simon Black, Ian Parry, Nate Vernon
August 24, 2023
https://www.imf.org/en/Blogs/Articles/2023/08/24/fossil-fuel-subsidies-surged-to-record-7-trillion

[mikman77]

Doesn't the us government give subsidies to the oil and gas companies?

[Jack_Bolander]

B_B - OH NO !

Fortescue has figured out that Hydrogen Technology works, but Hydrogen Economics DON'T WORK.

Without Government help and subsidies Hydrogen is too expensive of a solution.

As an electric rate payer, I resent someone getting a special deal.

[stew1340]

After the market 5/07/24 is what i see on Schwab platform.

[WeTheMarket]

Plug Power (PLUG) Earnings Date and Reports 2024
3 days ago
https://www.marketbeat.com/stocks/NASDAQ/PLUG/earnings/

"Plug Power has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Tuesday, May 14th, 2024 based off prior year's report dates."

[B_B!]

The US government is too slow.

Someday soon China might dominate the hydrogen supply chain too
EU and US manufacturers already complaining about Chinese competition in solar power and electric vehicles won’t like China’s hydrogen policy China is already the top producer of hydrogen, and as it moves to produce more of it using renewable energy, hydrogen could become an important part of the world’s low-carbon future
David Dodwell 28 Apr 2024
https://www.scmp.com/opinion/china-opinion/article/3260668/someday-soon-china-might-dominate-hydrogen-supply-chain-too

[B_B!]

“Earnings call will be very interesting and the tax credit news may be significant as well”

I think if both the DOE loan and the positive Q1 results are announced within two weeks, there will be a short squeeze.

[B_B!]

TotalEnergies chief says oil major will consider moving main listing to New York
Apr 26, 2024 By Steve Goldstein

The chief executive of French oil giant TotalEnergies said it will consider moving its primary stock market listing to New York, where energy rivals command higher valuations.

"We are facing a situation where European shareholders, either they sell or maintain, and U.S. shareholders are buying," TotalEnergies Chairman and CEO Patrick Pouyanne said in an interview with Bloomberg News. "So what is most convenient for U.S. shareholders? Do they prefer to have the shares being primarily listed in New York or in Europe? I think when you ask the question, you have the answer."

Shell (SHEL) CEO Wael Sawan has made similar remarks about the possibility of moving its primary listing to the U.S.
.....
https://www.morningstar.com/news/marketwatch/20240426230/totalenergies-chief-says-oil-major-will-consider-moving-main-listing-to-new-york

[B_B!]

Fortescue seeks government help to reduce power prices for stalled 500MW green hydrogen project in Australia
Australian H2 developer has already delayed final investment decision three times on landmark Gibson Island project
Leigh Collins 24 April 2024

The future of Fortescue’s landmark 500MW green hydrogen project in Queensland — which was widely expected to be Australia’s first large-scale renewable H2 facility — appears to depend on additional support from the federal government, according to new comments from CEO Mark Hutchinson.

In an analyst call following the presentation of Q1 2024 results, which mainly concerned the company’s iron-ore business, Hutchison was asked when Fortescue was planning to make a final investment decision (FID) on the 500MW Gibson Island project, which it has already delayed three times.

“We’ve made it pretty clear that really the issue we’re dealing with is around the power price and we’re encouraging the Australian government to do all it possibly can to get the power price in Australia down, particularly on the east coast [where Gibson Island is].

“We’re working very closely with the government on Gibson Island. Otherwise, it’s a good project and we’ll let you know once we’ve made a final decision on that one, but we’re working closely on getting the price down of the power.”
.....
https://www.hydrogeninsight.com/production/fortescue-seeks-government-help-to-reduce-power-prices-for-stalled-500mw-green-hydrogen-project-in-australia/2-1-1632513

[uksausage]

Yes, they stopped the expansion at Georgia just like Texas and NY Stamp until they get project financing loan from the DOE.

I would expect the Georgia expansion to be the first to completion as much of the infrastructure is in place.

It will be interesting to see when PLUG decides they can start these projects, the loan should give. them 80% of what they have spent on Texas already upfront. I don't think they are getting anything for the current Georgia 15 TPD facility

Texas is important due to the customers they have there, dont really want to truck liquid H2 form Georgia to Dallas.

Earnings call will be very interesting and the tax credit news may be significant as well

[uksausage]

this is good news for PLUG and many other companies.
no just finalize the 45V credits so we can convert them to cash

[B_B!]

The Georgia facility will serve as a dynamic platform that will pave the way for future green hydrogen plants, enabling us to replicate and enhance our success with forthcoming plants on a larger scale. Finally, Plug has initiated the expansion of production capability of the Georgia plant from 15 TPD to 30 TPD. We are currently producing 2.5 TPD of gaseous hydrogen and delivering to customers.

August 9, 2023
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/f12f165a-e352-4f76-8bcf-bdae74239205.pdf


I think they are waiting for the DOE loan.

[B_B!]

Only one week left until Q1.

[B_B!]

US finalises new rules that will allow clean hydrogen producers to sell tax credits
Measure will help developers secure financial backers and keep costs down, says Treasury Department
Rachel Parkes 26 April 2024

The US government has today (Friday) finalised a rule that will allow producers of clean hydrogen to sell tax credit subsidies to other taxpayers in exchange for cash, which officials say will help developers secure financial backers and speed up the pace of development.

The new transferability rule — one of two options now available for monetising tax credits — drawn up by the Department of the Treasury and the Internal Revenue Service (IRS, the federal tax authorities), will apply to producers eligible for 11 different tax credit subsidies across the Inflation Reduction Act, including the 45V production tax credit for clean hydrogen.
.....
https://www.hydrogeninsight.com/policy/us-finalises-new-rules-that-will-allow-clean-hydrogen-producers-to-sell-tax-credits/2-1-1634016

[Jack_Bolander]

TF - That is an excellent question which PLUG is keeping as a very tight secret.

Every analyst would love to know .

Funny because we know APD, and Linde's average cost to produce which is half of the equation, but with PLUG we don't even have the cost of production.

Very frustrating.

[velcro]

Not to worry who is telling the whole story. Andy Marsh has the "master plan" and it's locked in the safe nearly 24 hours per day so the little people never get to see it (sarcasm).

[Toofuzzy]

Jack
What is the profit margin on the hydrogen PLUG is now producing ?

Toofuzzy

[Jack_Bolander]

Steve - Who is being dishonest ?

I let you decide the quality of the article. If there is a patent error I will point it out, otherwise it's an op-ed piece to me.

All of my posts are here for the record. When have I ever been dishonest ?

[scubastevemd]

Sory, but you are being intellectually dishonest Jack. I expect better from you. You know what is going on at Plug and the changes occurring that were not mentioned and decided to share this article. You could have at least had the decency to correct his piece, which I have done on his site and the Yahoo. Less all try and be as honest and open about Plug even though they have failed to be with us.

[Jack_Bolander]

Steve : CORRECTION ! I introduced the article as "an interesting read" which means you draw your own conclusions.

I did not write the piece, so your criticisms should be directed to the author.

Furthermore, this board is filled with non-PLUG and non-hydrogen pcrap posted by you and others.

At least my link actually mentions PLUG and Hydrogen.

[scubastevemd]

Poorly done piece does not add reduced cost of ceasing construction and $75 million in layoffs. He does not mention the inventory buildout and fails to talk about the across-the-board price increases. These will all have an effect on the future decrease in losses. Half the story is misleading at best and worst biased. Jack, you should know better than to push false and misleading information, which, you yourself, correct people all the time about.

[Jack_Bolander]

Here is an interesting read :

https://finance.yahoo.com/news/1-stock-wouldnt-touch-10-082100480.html

[Jack_Bolander]

Steve - Work on the expansion of the Georgia Plant has been suspended due to lack of Funds and Capital Preservation.

The same goes for the Texas, NY and California projects as well.

[Jack_Bolander]

WTM - GREAT NEWS .... For Air Products !

It means NOTHING for PLUG. Air Products is a real company.

At the Open APD is UP $2.00

PLUG bouncing off of Multi-Year LOWS !

[scubastevemd]

Correct me if I am wrong, but were we not to increase the Ga. plant to 30 TPD? What happened to that work or is that part of the we don't have the money to continue so cease all buildout until and if we get the DOE money?

[WeTheMarket]

Air Products announces plans to build network of commercial-scale multi-modal H2 refueling stations
24 Apr 2024
https://h2-tech.com/news/2024/04-2024/air-products-announces-plans-to-build-network-of-commercial-scale-multi-modal-h-sub-2-sub-refueling-stations/

Air Products announced it intends to build a network of permanent, commercial-scale multi-modal H2 refueling stations stretching from Edmonton to Calgary, Alberta, Canada.

“With abundant resources, tremendous talent, and forward-thinking governments, Canada is driving the clean energy transition forward,” said Seifi Ghasemi, Air Products’ Chairman, President and Chief Executive Officer. “Last year, Air Products announced our continued investment in Western Canada with the first permanent, commercial-scale H2 refueling station in Alberta. Today, we build on that commitment with plans to build additional commercial-scale multi-modal H2 refueling stations, developing a H2 highway connecting Alberta’s two largest cities and enabling the continued development of the region’s H2 ecosystem.”

The permanent, multi-modal H2 refueling stations will be equipped to serve heavy-duty vehicles, such as commercial and municipal trucks and buses, as well light-duty H2 fuel cell cars. The stations will be along the Queen Elizabeth II Highway that runs through Calgary and Edmonton, providing a fueling experience and speed that is similar to gasoline or diesel. This H2 infrastructure will help Western Canada reach a goal of 5,000 H2 or dual fuel vehicles on the road in five years.

“Each of our state-of-the-art, high-capacity, high-reliability stations will be able to fuel up to 200 heavy-duty trucks or 2,000 cars per day,” noted Rachel Smith, vice president and general manager, Air Products Canada. “In Canada, H2 is essential to decarbonizing transportation where heavy-duty vehicles travel long distances in extreme temperatures. We are excited to be activating Canada’s first H2 corridor here in Alberta.”

The first of Air Products’ permanent H2 refueling stations, located in Edmonton, near the site of the Company’s landmark net-zero H2 energy complex that is under construction, is scheduled to be onstream in 2025. Currently, Air Products has placed a temporary, H2 mobile fueler on the site that is supplying customers. The permanent Edmonton H2 refueling station is supported in part by $1 million (CAD) in funding from Natural Resources Canada’s Zero Emission Vehicle Infrastructure Program.

Hon. Jonathan Wilkinson, Minister of Energy and Natural Resources Canada, said, “The development and deployment of H2 presents an enormous economic and environmental opportunity for Canadians. The federal government is prepared to seize this opportunity, and today’s announcement by Air Products shows that Canadian companies and innovators are also continuing to lead the way on H2. I congratulate Air Products on today’s exciting announcement. Together, we will continue to establish Canada as a leading producer and supplier of H2 on our path to net-zero by 2050.”

Hon. Danielle Smith, Premier of Alberta, said, “H2 is a fuel of the future and our government is fully on-board with efforts to pursue early adoption of H2 technology. I’m thrilled that Air Products is working toward development of a H2 highway between Edmonton and Calgary. This will help grow Alberta’s H2 ecosystem and spur on additional interest, investment, and progress in the H2 space.”

Hon. Dale Nally, Minister of Service Alberta and Red Tape Reduction, said, “This is exciting news and a great leap forward in growing the use of H2 as a transportation fuel in Alberta. By adding H2 fueling infrastructure along Alberta’s busiest transportation corridor, Air Products is helping to clear the way for H2-powered vehicles as a viable clean alternative to EVs. Alberta’s government knows H2 has the potential to be a major source of clean energy here at home and around the world, and today’s announcement is helping to turn that vision into reality.”

Jim Wood, Mayor of Red Deer County, said, “Red Deer County takes pride in supporting trucking and logistics; we are excited that future trucks driving along the QE2 will have easy access to a clean alternative energy fuel source.”

Malcolm Bruce, CEO of Edmonton Global, said, "Air Products' bold initiative to build a network of multi-modal H2 refueling stations between the Edmonton region and Calgary marks a significant leap forward in Canada's clean energy journey and the 5,000 H2 Vehicle Challenge. Announcements like these will help us in reaching our goal of having 5,000 H2 or dual-fuel vehicles on the road in Western Canada in five years. By connecting our two largest cities with this H2 highway, we're not just fostering innovation; we're catalyzing a sustainable future. This investment underscores our shared commitment to advancing green technologies and propelling Alberta to the forefront of the H2 revolution. Canada's path to net-zero truly runs through the Edmonton region."

In addition, Air Products has a H2 mobile fueler at the Edmonton International Airport to provide H2 for the airport’s fleet of Toyota Mirai H2 fuel cell vehicles as well as a mobile fueler located on Aurum Road ready to serve the broader Edmonton market.

As the world’s largest supplier of H2, Air Products has hands-on operating experience with over 250 H2 fueling station projects in 20 countries and the company’s technologies are used in over 1.5 million fueling operations annually.

[Jack_Bolander]

B-B - CORRECTION: Andy and Sanjay told us that the Georgia plant would be online by October 2022.

The Georgia plant did not reach full capacity until March of 2024.

OVER PROMISED.

[B_B!]

Underpromise and Overdeliver

The company’s Georgia hydrogen plant, home to the largest Proton Exchange Membrane (PEM) electrolyzer system in the U.S., has been running at a stable rate of 15 tons per day (TPD) since the beginning of the month.

Plug Continues to Make Substantial Advancement in Hydrogen Generation Buildout
April 23, 2024
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Continues-to-Make-Substantial-Advancement-in-Hydrogen-Generation-Buildout/default.aspx


Andy Marsh -- Chief Executive Officer
So, Bill, we're fine-tuning. We've produced 11 tons of the 15 out of Georgia.
Tennessee is almost back to full production at 10 -- 10, 11 tons per day. I expect by
mid-second quarter, we'll be putting out all 15 tons out of Georgia.

Plug Power (PLUG) Q4 2023 Earnings Call Transcript
By Motley Fool Transcribing – Mar 1, 2024
https://www.fool.com/earnings/call-transcripts/2024/03/01/plug-power-plug-q4-2023-earnings-call-transcript/

[B_B!]

But it gives delusional PLUG longs, like me, some hope 😁
L A M E = Longs Are More Enjoyable 😉

[B_B!]

Currently, 50MW of Plug’s electrolyzers have been put into operations, and by the end of this year, Plug is expected be the largest provider of PEM technology operating in the world.