Plug Power Inc (PLUG)

[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.

[B_B!]

$PLUG linkedin.com/posts/devon-hy... The Green 💚 Hydrogen 🌍 Plug Power train continues to role worldwide from 2 new BEDP (US/EU) to customer installations in Europe, Middle East, the U.S., India, New Zealand, Korea, Japan, Australia, and Africa .



https://stocktwits.com/bwahahaha/message/570904580

[B_B!]

Spokane Valley hydrogen fuel company explains layoffs
April 25, 2024 By Tod Stephens

Plug Power Inc., a firm that supplies hydrogen fuel to companies like Amazon, Walmart and Home Depot, recently announced it will soon lay off dozens of employees. But the New York-based company’s Inland Northwest presence will remain.

The U.S. Department of Labor Employment and Training Administration requires companies with more than 100 workers to announce layoffs and closures 60 days in advance.

On April 11, the department announced that a Plug Power closure would affect 107 workers, beginning June 30.

But Scott Spink, vice president of engineering, said the announcement does not tell the full story.

“Our manufacturing facilities in Spokane and the material that is being manufactured is being moved to New York state,” Spink said.

Two large factories have recently been built in Rochester and Albany, he said.

“They were both purposefully built,” he said. “They have space to move these manufacturing lines and we’re transitioning the lines there.”

Spink said the final product is a hydrogen fuel cell, which uses the chemical energy of hydrogen to cleanly and efficiently produce electricity. Those cells will now be assembled in New York.

So, only manufacturing workers will be affected by the layoffs. And if they wish to move to New York, then they will have a job waiting for them, according to Spink.

The other Spokane Valley workers will continue their employment at the company’s West Coast office at 15913 E. Euclid Ave.

“Our development center in Spokane is staying open and 48 research and development and engineering jobs will stay at the facility,” he said.

At the 24,000-square-foot facility in the Spokane Business and Industrial Park, workers will help test new products and ensure the quality of current ones, Spink said.

“Here, we have research labs where we do … all sorts of studies of alternative materials,” he said. “We have engineering development people that design components and we still build all the prototypes here.”

Workers based in Spokane Valley will also continue to refill customers’ hydrogen storage facilities and to ensure fuel cells in vehicles, like forklifts, are operating correctly.

“At the Amazon facility that’s east of our office, you will see a hydrogen tank that they use every day to fuel their material handling equipment that they can drive inside their building because they admit no exhaust,” he said. “So we travel to the field all the time to make sure the customer understands how the product works and to refill tanks.”

During their early years, hydrogen-fuel manufacturing companies often struggled to stay afloat. It resulted in many mergers and acquisitions.

For instance, Plug Power used to be part of Avista Labs before that fuel cell company changed its name to ReliOn. In 2014, Plug Power paid $4 million to purchase ReliOn Inc., according to previous reporting by The Spokesman-Review.

Last month, Plug Power reported its financial results for 2023.

“There is no longer substantial doubt of the Company’s ability to continue,” a company release said.

The firm reported revenue of $891 million for 2023, which is a company record and reflects a 27% growth over the prior year, according to the release.

Last year, it opened a hydrogen plant in Woodbine, Georgia, which is the largest of its kind in the nation. It is the company’s first large-scale facility and greatly increased its production capabilities, the release said.

The company’s key customers are Tyson, Sam’s Club, Walmart, Home Depot and Amazon, according to its website.

https://www.spokesman.com/stories/2024/apr/25/spokane-valley-hydrogen-fuel-company-explains-layo/

[WeTheMarket]

Posted 10 hrs ago.

[scubastevemd]

Looks like that should clear out some inventory. I hope we got decent margins on it.

[tdtcal]

Actually, these contracts pay the engineer’s salaries and keeps them on the payroll. Later, when more funds (if, of course…) come in they will be available for Plug expansion.

So, Plug has the design engineer’s payroll covered.

It is also growing a library of design and engineering plans for future use.

Hence, keeping their pool of trained and experienced engineers while cutting costs and growing their IP.

[Jack_Bolander]

NEW MULTI-YEAR LOWS !

I wonder if PLUG is selling ATM's today ?

That would be Classic.

[Jack_Bolander]

B_B - More Lame Press Releases ?

Nothing Burger.

PLUG is just trying to Pump up the share price for the ATM.

[B_B!]

Plug Signs Additional BEDP Contracts for a Total of 4.5GW of Electrolyzers Across Europe and the United States
April 25, 2024

Expanding Basic Engineering and Design Package (BEDP) Portfolio with an additional 350MW of electrolyzers
LATHAM, N.Y., April 25, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has signed two additional contracts to deliver Basic Engineering and Design Packages (BEDP) for projects in Europe and the U.S. with a combined capacity of up to 350 megawatts (MW) of electrolyzers. These agreements enhance Plug’s overall BEDP portfolio, bringing the company’s total amount of global BEDP contracts to 4.5 gigawatts (GW).

Since introducing the BEDP offer just two years ago, Plug’s electrolyzer business has experienced continued growth. Earlier this year, Plug finalized a 500MW contract in Europe, and with the addition of this 350MW contract, the company has now closed 850MW of BEDP contracts in just four months. Plug's ability to scale its electrolyzer business demonstrates its expertise in Proton Exchange Membrane (PEM) technology and liquid hydrogen plants, being the sole electrolyzer OEM supplier constructing green hydrogen plants. Plug has commissioned the largest 15TPD electrolytic liquid hydrogen production plant and the largest PEM electrolyzer deployment in the U.S.

"Drawing from over 50 years of experience in our electrolyzer business, our industry expertise stands unrivaled," said Plug CEO Andy Marsh. "Within just three years, we've significantly scaled our business and have successfully shipped and deployed electrolyzers across five continents. This rapid expansion is strong evidence of our engineering, manufacturing, and execution capabilities."

"Electrolyzer sales present a substantial business opportunity for us," said Plug General Manager of Energy Solutions and Chief Strategy Officer Sanjay Shrestha. "Our impressive BEDP growth in just two years underscores our strong industry positioning and market growth."

Capitalizing on its state-of-the-art PEM stack manufacturing facility in Rochester and a global system manufacturing network spanning four continents, Plug is currently delivering and installing electrolyzers in Europe, Middle East, the U.S., India, New Zealand, Korea, Japan, Australia, and Africa. In each region, Plug factors in specific compliance and regulatory requirements.

To date, Plug has already delivered 25 electrolyzer systems to third-party customers. Over the course of 2024, it plans to deliver an additional 40 systems for a cumulated total of 189MW. These systems include containerized electrolyzers of 1MW and 5MW deployed worldwide for various applications such as refineries, industrial processes, and mobility.

On top of that, Plug continues to advance on large scale projects, with the execution of a 100MW electrolyzer supply contract for a European refinery, securing over 1.2GW of projects awarded subject to Final Investment Decision (FID), and progressing with the execution of the remaining 4.5GW of BEDP signed to date.

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.

Plug’s electrolyzer technology delivers high purity hydrogen at an operating pressure of 40bar. The integrated approach for the 1MW and 5MW systems yield rapid installation and commissioning, while maximizing value and reducing risk.

https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Signs-Additional-BEDP-Contracts-for-a-Total-of-4.5GW-of-Electrolyzers-Across-Europe-and-the-United-States/default.aspx

[Jack_Bolander]

Yet Another Hydrogen Scam :

Inside A $46 Million Renewable Energy Swindle - YouTube

[Jack_Bolander]

According to a new report from the National Petroleum Council (NPC), the hydrogen industry won’t generate enough supply and demand for the emerging low-to-zero carbon fuel to help the U.S. achieve net-zero emissions by 2050 under current federal policies..

The council makes recommendations to the Energy secretary on oil and natural gas issues. NPC’s hydrogen report was released Tuesday along with another report from the council focused on reducing U.S. natural gas supply chain emissions.

DOE advisory panel offers ‘sobering’ view on hydrogen
A Department of Energy advisory committee said Tuesday that the nascent “clean” hydrogen industry is not growing fast enough to meet U.S. climate goals, a conclusion that Energy Secretary Jennifer Granholm called “sobering.”

[Jack_Bolander]

Growing Short Interest !

Never a good sign. 185 million shares SHORT ! 30+% of Open Interest.

I wonder if the Daily ATM is adding to this?

[scubastevemd]

was that news out just so they could stir demand to drop more shares? I hate to wish bad on anyone, but if there is such a thing as Karma, Andy and Paul have it coming in spades!

[scubastevemd]

This is a song that goes out to Andy Marsh that truly fits!

[Jack_Bolander]

Nothing Burger.

[WeTheMarket]

Repost from NKLA board (related to my previous post), courtesy of TheKRA.

From Nikol's X page

We attended the grand opening of FirstElement Fuel's hydrogen refueling station, strategically located near the Port of Oakland! The Oakland station’s fast-fill lane is a prime example of the synergies between Nikola’s advanced truck technology as well as FEF’s station capabilities. Learn more about this partnership:

https://nikolamotor.com/nikola-and-firstelement-fuel-forge-10-year-strategic-partnership-to-advance-hydrogen-fueling-infrastructure

We attended the grand opening of FirstElement Fuel's hydrogen refueling station, strategically located near the Port of Oakland! The Oakland station’s fast-fill lane is a prime example of the synergies between Nikola’s advanced truck technology as well as FEF’s station… pic.twitter.com/Kszfic0JMx

— Nikola Corporation (@nikolamotor) April 24, 2024

[Jack_Bolander]

B_B - Every PLUG Rally Fades Within Days !

Don't you just love Wednesdays ?

[Jack_Bolander]

WTM - These sound very expensive.

10,000+ PSI !

Interesting to read that they can compress liquid hydrogen.

[WeTheMarket]

As a follow up to my previous posts, for context, current Nikola FCEV trucks have a hydrogen fuel tank capacity of 70 kg, and range of 500 miles. Thus, if the hydrogen refueling station has a refueling rate capacity of 100 kg H2 in 10 minutes, a next generation Nikola FCEV truck with a larger tank capacity of 100kg, could travel 715 miles and refuel in 10 minutes (conservatively assuming no advancements in fuel cell efficiency).

[WeTheMarket]

FirstElement Fuel, World-Leader in Hydrogen Refueling Solutions, Selected as a Top 40 US GreenTech Company by Time Magazine
Apr 22, 2024
https://www.prnewswire.com/news-releases/firstelement-fuel-world-leader-in-hydrogen-refueling-solutions-selected-as-a-top-40-us-greentech-company-by-time-magazine-302122746.html

Relevant excerpt:

FEF's many accomplishments and contributions to the hydrogen refueling space include the design and deployment of the world's first high-capacity HRS capable of refueling 4 vehicles simultaneously; best-in-class performance and availability of HRS; and next month the company will open the world's largest heavy-duty truck HRS with the capability of refueling heavy-duty, medium-duty, and light-duty vehicle classes. The HRS is part of a public and private partnership titled NorCAL ZERO, which was jointly funded by the California Energy Commission (CEC) and the California Air Resources Board (CARB) and is being managed by the Center for Transportation and the Environment (CTE). FEF designed the station with a unique architecture, making it the first station in the world capable of conducting 700 bar, simultaneous, fast fills (i.e., delivering 80 kilograms of hydrogen in under 10 minutes) on up to 200 trucks per day.

[WeTheMarket]

Compressor drives for hydrogen filling stations: scalable, robust and compact
Manuela Kessler
22.04.2024
https://www.boschrexroth.com/de/de/unternehmen/presse/produktportfolio-wasserstoff-25088.html

Servo-hydraulic drives for hydrogen compressors and cryogenic pumps increase efficiency and shorten tank cycles

Together with partner companies from the hydrogen economy, Bosch Rexroth has developed a scalable portfolio of servo-hydraulic compressor drives in the power range between 10 and 280 kW. (Image source: Bosch Rexroth AG)
Within the next six years, several thousand hydrogen filling stations are to go into operation worldwide, thus making an important contribution to the decarbonization of the mobility sector. To this end, Bosch Rexroth has developed a scalable portfolio of servo-hydraulic compressor drives in the power range between 10 and 280 kW together with partner companies from the hydrogen economy. A new cryogenic pump, for example, compresses liquid hydrogen directly to 875 bar, enabling the direct refueling of heavy-duty commercial vehicles within a few minutes.

Long service life and start-stop operation, high efficiency with low hydrogen losses and low operating costs: OEMs and operators are looking for solutions that can be implemented quickly and economically for the cost-effective operation of hydrogen filling stations. Based on its decades of experience in electrohydraulics, Bosch Rexroth has developed tailor-made solutions for a cost-effective hydrogen infrastructure together with partner companies.

To achieve this, the company relies on servo-hydraulic drive technology with a continuously adjustable hydrostatic transmission. The robust hydraulics achieve a long service life. Long-stroke, ATEX-certified compressor drive cylinders increase conveying rates through end-position-optimized control. The portfolio covers the power range between 10 and 280 kW and various applications.

New cryogenic pump: 100 kg of hydrogen can be filled up in 10 minutes

Bosch Rexroth is developing the new electrohydraulically driven cryogenic pump in partnership with FirstElement Fuel, the market leader for the commercial operation of hydrogen filling stations in the United States. With a connected load of 280 kW, it compresses liquid hydrogen to 875 bar for the direct refuelling of heavy trucks. The aim is to refuel the vehicles with 100 kg of hydrogen within 10 minutes. Direct refuelling eliminates the need for intermediate storage at petrol stations. The first filling stations will be equipped from 2025.

Bosch Rexroth also offers variants developed in collaboration with partner companies for medium and lower outputs. The 75 kW CytroCore compressor drive can be used for the compression of both liquid and gaseous hydrogen. In the lower power range of 10 kW, a ready-to-connect self-sufficient axle, CytroForce, drives the compressor cylinders. No specific hydraulics know-how is required for either solution.

Standard modules in hardware and software can be finely scaled

For optimum energy efficiency, Bosch Rexroth relies on the so-called positive displacement control. In contrast to throttle control, which is used in most industrial hydraulic systems, position and force control is implemented by means of servo-hydraulic pump control. This control concept reduces energy consumption by approx. 75%. In addition, the compressor drives require less than one square meter of floor space and are much quieter than conventional drive systems. After the one-time parameterization, they are immediately ready for use. They communicate with the control system of the hydrogen filling station via open interfaces. All modules continuously record operating data and thus create the conditions for systematic condition monitoring and predictive maintenance for maximum availability with the digital service CytroConnect.

Bosch Rexroth can configure the standard drives in its portfolio in hardware and software to suit specific applications, thus meeting the requirements of users precisely. The compressor drives simplify the system architecture and operability of hydrogen filling stations and are suitable for both established companies in the hydrogen economy and newcomers.

[B_B!]

Plug (liquid) hydrogen production in Q1’24:
- January
negligible
- February
about 10 TPD
- March
more than 20 TPD

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

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 Mar 1, 2024
https://www.fool.com/earnings/call-transcripts/2024/03/01/plug-power-plug-q4-2023-earnings-call-transcript/

February 06, 2024
Plug Power Starts Production of Liquid Hydrogen at its Existing Tennessee Plant
February 01, 2024
Plug Power Completes First Customer Fill of Liquid Green Hydrogen at its Georgia Plant

https://www.ir.plugpower.com/Press-Releases/default.aspx

[B_B!]

Inventory impairment in 2023 (decreased inventory value)
I think it’s easier to sell the old (devalued) inventory for a profit in 2024.
The demand for proven hydrogen equipment is growing, not fading.

[Toofuzzy]

Deleated

[Toofuzzy]

That is good to hear. And by the end of the year they will cover 100% of their needs ( supposedly )

I.have been wondering for a long time how much they were buying from suppliers and what % they would be able to produce.

Of course now with the new supply , the price of hydrogen will probably go below their cost of production. Why would any of Plug's former suppliers bring on more capacity knowing that Plug would stop buying from them and they would lose the largest user of hydrogen as a customer.

Toofuzzy

[Shail]

Steve

As per the PR, the two plants with 25 tpd cover 50% of Plug’s requirement of green hydrogen.

[scubastevemd]

I am doubtful we have enough to cover the current business interest and what the price differential is to what we buy it at. I suspect the supplier prices will come down as more supply hits the market depending on the addressable market.

[Jack_Bolander]

Steve - Not all of my questions are answered.

We still don't know any of the economics or financials surrounding the plants.

Are we making enough to cover new growth ?

[scubastevemd]

I guess that answers your question from the other day as to what they were producing. I say about dam time, and we should be at what 200 tpd by now? Glad we are at least heading in the right direction. Maybe, the learning curve is over, and they can now be more realistic.

[Jack_Bolander]

Wonderful news:

https://seekingalpha.com/news/4092367-plug-power-touts-substantial-advancement-in-hydrogen-generation-buildout?source=copy_to_clipboard

[Jack_Bolander]

TF - The only reason I would buy PLUG shares is to cover a short position.

Currently, the trend for PLUG is a Strong Negative, and I don't see this trend reversing.

The positive catalysts, the DOE Loan and 45v credits will bump up the price, but aren't enough to reverse the trend or counter the terrible Quarterly financials.

Remember, every PLUG Rally fades within days.

[B_B!]

Has Plug expanded its management team in recent days?

https://www.ir.plugpower.com/governance-/management-team/default.aspx


ALAN SHARKEY
April 17, 2024
https://www.plugpower.com/dvteam/alan-sharkey/




RICK MASON
April 19, 2024
https://www.plugpower.com/dvteam/rick-mason/




PAUL SULLIVAN
April 22, 2024
https://www.plugpower.com/dvteam/paul-sullivan/

[Toofuzzy]

Jack

Are you selling or buying ?

Toofuzzy

[Toofuzzy]

Don't worry. They will be given way more new stock options at a much lower price that Plug might actually exceed.

[Toofuzzy]

Much better to buy puts. Your risk is defined up front.

Toofuzzy

[Toofuzzy]

I wonder what % of hydrogen that they sell do they produce

Toofuzzy

[Toofuzzy]

I have a problem with that paper / article.

He says the processing of electricity from alterative energy to the output of hydrogen is less than 50% efficient.

But he says oil has an output greater than 1. But that ignors transporting crude out of the ground, to a refinery, the energy used and cost of the refinery, transporting to a power plant, and the difference in efficiency of burning oil ( or gas ) vs using a fuel cell.

I agree their are some differences in efficiency depending on use. Fuel cell cars are much better than a gas engine ( even one burning hydrogen ) and less or no improvement in a power plant but you can't totally ignore the cost of getting oil or gas from the ground to the power plant.

Toofuzzy

[Jack_Bolander]

CEF - Q-1 revenues ought to be in the $120-$150 million range based on PLUG history and growth.
If gross revenues are below $120, I have some worries.

The $500 million in impairments includes shutting down facilities, severance and other RIF costs, inventory carry costs and losses.

These are just my estimates, and I would be interested in anyone else's thoughts.