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I guess that is the good thing we did by spreading our business out worldwide. I do think Andy is too optimistic and trusting of some 'partners' and maybe he relied on them being ready to move and this has cost us dearly. This includes Twiggy and his good buddy slimy Schumer, who has been quiet about everything regarding green H2 and all the domestic issues. I do find it interesting that we find ourselves with these issues to riot over from the Wall street gang, George Floyd, Black live matter and not the hate Israel crowd now. The DNC convention should make 1968 look like a party. This is what happens when you worry about power and trying to appease the Marxist left progressive. Sadly, Biden is just a shadow puppet for Obama and his gang. I don't like Trump, but we probably need someone like him to clean house throughout our Government to weed out the bad players in the FBI,CIA,DOJ etc. Also, have the Soros family and the Open Society shut down as an organization promoting violence and jail George and Andrew.
US is too slow.
Canada is taking bold steps towards a cleaner, more sustainable future with its proposed Clean Hydrogen Tax Credit.
New Clean Hydrogen Tax Credit on the Horizon
By Nicole Mirabal May 02, 2024
Canada is taking bold steps towards a cleaner, more sustainable future with its proposed Clean Hydrogen Tax Credit. This innovative initiative is set to revolutionize the way we produce and utilize hydrogen, a crucial element in the quest for carbon-neutral energy solutions. Let’s delve into what this tax credit entails and how it can shape the landscape of clean energy investments in Canada.
What is the Clean Hydrogen Tax Incentive?
The Clean Hydrogen Tax Credit is designed to incentivize capital investment in the production of clean hydrogen and clean ammonia within Canada. This forward-thinking measure aims to accelerate the transition to a low-carbon economy by providing tax incentives to qualifying taxpayers who invest in eligible clean hydrogen property. Various equipment used in the production of hydrogen through electrolysis of water or natural gas reforming, clean ammonia equipment, dual-use electricity and heat equipment, and more, qualify for the tax credit. The tax credit rate varies based on factors such as the carbon intensity of the production process, the year of property acquisition, and meeting certain labor requirements.
Why should you apply?
This tax credit encourages innovation in clean hydrogen technologies, fostering the development of efficient and sustainable production methods. Clean hydrogen production offers a pathway to significantly reduce carbon emissions, contributing to global efforts to combat climate change. Businesses applying to this tax credit and investing in clean hydrogen gain a competitive edge in an evolving market, boost their cashflow, and position themselves as leaders in sustainability.
How to apply?
This tax credit is refundable and available to qualifying taxpayers who invest in eligible clean hydrogen property between March 28, 2023, and 2035. Understanding the intricacies of this tax credit is crucial for optimizing your chances of obtaining it. Interested applicants must adhere to specific guidelines regarding eligible equipment, labor requirements, and compliance obligations to fully leverage the tax credit.
.....
https://leyton.com/ca/insights/articles/new-clean-hydrogen-tax-credit-on-the-horizon/
That news from China ought to be a huge sign that if we want to lose another industry to China, we need to get 45V and the DOE loan moving like yesterday. Time to stop this delay and get going! Everyone is waiting for the rules and to see if projects make economic sense before investing billions.
Today’s 3 catalysts: jobs data, MOU and weekly options expiration.
I think the US government is finally realizing the importance of Plug Power to the US hydrogen economy.
I hope the DOE can convert a part of the 1.6B loan into a grant (just a dream) 😁
‘Green Hydrogen’ Machine China’s Next Hot Export
By Lu Yutong and Chen Yaoyu Apr 30, 2024
With the current level of costs and production capacity achieved by China’s hydrogen-electrolyzer makers, the product, used to create “green hydrogen,” may become the country’s fourth-largest new energy export after solar panels, lithium batteries and electric vehicles, according to an expert.
…..
https://www.caixinglobal.com/2024-04-30/green-hydrogen-machine-chinas-next-hot-export-102192211.html
I wonder if this move by Ole helps or hurts Plugs future business with Nikola. I have not heard anything about the deal with them saying we would take so many trucks for one of our units have you? I just wonder if there is a future relation here. Seems they have gone to different companies.
B_B - The jobs numbers are today's real catalyst.
PLUG's PR is just another Nothing Burger,
ATM Pump.
Yet another Pump PRe Market PR for the ATM.
Futures extend gains after April jobs data
May 3, 2024
(Reuters) - U.S. stock index futures extended gains on Friday as fresh evidence of easing labor market conditions boosted hopes that the Federal Reserve could cut interest rates sometime this year.
A Labor Department report showed nonfarm payrolls increased by 175,000 jobs in April, compared with expectations for an increase of 243,000, according to economists polled by Reuters.
The unemployment rate stood at 3.9% compared with expectations that it would remain steady at 3.8%, while average earnings rose 0.2% on a monthly basis against forecasts of 0.3% growth.
At 08:30 a.m., Dow E-minis were up 520 points, or 1.35%, S&P 500 E-minis were up 55 points, or 1.08%, and Nasdaq 100 E-minis were up 249.5 points, or 1.41%.
https://www.streetinsider.com/Reuters/Futures+extend+gains+after+April+jobs+data/23167990.html
Banger - Another Nothing Burger.
Yet another Pump PRe Market PR for the ATM.
90+% of PLUG's MOUs never finalize and never generate profits.
KGS certifies Plug Power’s liquid hydrogen tank and trailers
By Edward Laity on May 03, 2024
Plug Power has achieved Korean Gas Safety (KGS) certification of liquid hydrogen storage tanks and transport trailers.
The company will receive certification for ASME Section XII and ASME Section VIII Div. 1, which is required to build liquid hydrogen storage tanks in South Korea.
H2 View understands that three liquid hydrogen bulk storage tanks have arrived in the country, and Plug is preparing to ship its first liquid hydrogen trailer to South Korea later this month.
Both the tanks and trailers have been manufactured in Texas, the US, and were designed to meet specific Korean regulations.
Earlier this week, Plug announced it had secured the first international safety and performance certification in South Korea for PEM electrolyser manufacturing.
.....
https://www.h2-view.com/story/kgs-certifies-plug-powers-liquid-hydrogen-tank-and-trailers/2109657.article/
Huge MOU for 3GW electrolysers in 2027 with the BEDP over the next year.
https://ih.advfn.com/p.php?pid=nmona&article=93775567
This would be our first $1Bn contract when agreed next year. In Fortesque's back yard as well.
This had a bit more meat on it than other “lame PRs”.
Good to remind people of the different businesses they are in. In this case the Cryo technology is high value, high margin with no associated hydrogen supply or service contracts (both traditionally loss making).
WIth the electrolyser business also promoted recently we could be seeing up to 60% hardware revenues from non-material handling business. that would be significant and have a big impact on profitability forecasts as the Electrolyser/Cryo business grows.
How Nikola is building a Hydrogen Highway with Ole Hoefelmann | Loaded and Rolling
FreightWaves
28.7K subscribers
Posted May 1, 2024
In today’s episode Ole Hoefelmann, president of the Nikola Energy division at Nikola joins us to talk about their Hydrogen Highway plan to establish refueling stations. We also dive into Nikola’s plans on how they are expanding their HYLA hydrogen refueling stations nationwide through partnerships, collaborations, and funding.
PUMP & DUMP ! Lame PR to bump up the pre-market, and then the ATM.
It happens Every Day !
B_B - Foreplay happens just before you get F *****
Air Products abused its market power to harm/eliminate a competitor.
Air Products/Seifi Ghasemi (CEO) is not good company.
Plug Power sues Air Products over 'draconian elevated prices'
By Robin K. Cooper Apr 2, 2021
The Latham fuel cell maker claims Air Products increased prices in retaliation after Plug confirmed it was planning to acquire a hydrogen generation company, a move designed to create its own hydrogen supply network.
…..
https://www.bizjournals.com/albany/news/2021/04/02/plug-power-accuses-air-products-of-price-gouging.html
Is this to pump up the ATM .... or buffer impact of a bad Quarter ?
Foreplay before the DOE loan 🫣
nothing about PLUG or hydrogen. so really off topic Jack.
Also there are green steel production facilities already so they are stretching things…. maybe hiding their not so good earnings report...
A flood of Lame PR from PLUG.
Is this to pump up the ATM .... or buffer impact of a bad Quarter ?
Plug Continues to Expand Cryogenic Sales with Multiple Customer Agreements and International Expansion
May 02, 2024
Agreements expand Plug’s reach in cryogenic equipment portfolio across sectors
International expansion of cryogenic equipment services with certification of liquid hydrogen storage tanks and transport trailers in Korea
LATHAM, N.Y., May 02, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it has been awarded contracts to supply cryogenic equipment to a multinational industrial gas company and a statewide electric utility company. Additionally, the company is in the final stages of completing an agreement to supply cryogenic equipment to another leading industrial gas company.
Through a strategic partnership with the multinational industrial gas company, Plug is set to supply five cryogenic trailers for the Canadian market to facilitate the transport of essential cryogenic industrial gasses like nitrogen, argon, and oxygen. Deliveries for this equipment are expected in early 2025.
In a separate agreement with a statewide electricity utility company, Plug received a purchase order for Liquefied Natural Gas (LNG) cryogenic mobile storage equipment, designed for the storage and dispensing of cryogenic LNG. Delivery of the equipment is scheduled to begin in Q4 of 2024.
Plug has been tapped by another leading industrial gas company to supply eight cryogenic trailers to the U.S. and Canadian market for the transportation of industrial gasses such as nitrogen, argon, and oxygen. Deliveries for this equipment are slated to commence in the latter half of 2025.
Plug CEO Andy Marsh: “With extensive expertise designing and manufacturing cryogenic solutions, including liquid storage tanks, delivery trailers, vaporizers, portable equipment, and integrated control systems, we are successfully building long term strategic partnership with customers and supporting their need to get their gas products to market through liquefaction and truck trailer transportation.”
Plug is also focused on expanding its cryogenic equipment services internationally. As a follow on to the company securing the first international PEM electrolyzer certification in Korea, Plug has achieved Korean Gas Safety (KGS) certification for ASME Section XII and ASME Section VIII Div. 1 required to build bulk liquid hydrogen storage tanks and transport trailers to serve the growing demand in the South Korean market.
To date, three liquid hydrogen bulk storage tanks have arrived in South Korea and Plug is preparing to ship its first liquid hydrogen trailer to South Korea this month. The storage tanks and transport trailers were manufactured in Houston, TX and have been tailored to meet Korean regulations.
In 2021, Plug acquired Applied Cryo Technologies, Inc., adding the technology, equipment and services for the transportation, storage, and distribution of liquefied gases.
Today, Plug is a leading manufacturer of advanced cryogenic equipment. The company’s cryogenic trailers are the lightest on the market, allowing for superior over the road payloads. The trailers are optimized to transport liquid gasses across North American highways.
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Continues-to-Expand-Cryogenic-Sales-with-Multiple-Customer-Agreements-and-International-Expansion/default.aspx
Low pay and no (challenges at) work, I think.
Plug pauses investments in 2024.
Plug produces more than 1GW per year and will deliver 189MW this year.
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.
April 25, 2024
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
Plug Announces Record Production of PEM Electrolyzer Stacks in Q1 2023; On Track to Meet 100MW per Month Target in Q2
April 04, 2023
https://www.ir.plugpower.com/press-releases/news-details/2023/Plug-Announces-Record-Production-of-PEM-Electrolyzer-Stacks-in-Q1-2023-On-Track-to-Meet-100MW-per-Month-Target-in-Q2/default.aspx
Plug Power Hires Former Tesla Alum David Mindnich to Influence Plug Power’s Global Gigafactory Footprint
July 22, 2021
https://www.ir.plugpower.com/press-releases/news-details/2021/Plug-Power-Hires-Former-Tesla-Alum-David-Mindnich-to-Influence-Plug-Powers-Global-Gigafactory-Footprint-2021-7-22/default.aspx
-----
December 31, 2023 and the Record Date of April 8, 2024, the entire PSO award was underwater
Page 38 (43/79)
April 26, 2024
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/3d05bd6b-9451-42ff-b040-28638be607ad.pdf
For 2022, only Mr. Hoefelmann received an annual equity award.
Page 38 (45/110)
May 15, 2023
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/9cbf8b99-c060-419c-9f4c-b97fae63c534.pdf
Steve - I respect Dave and Ole's decisions. Talent will be leaving and we will be left with the dregs.
I wonder why he left. He was hired to set up the factories I believe. Maybe he was no longer needed since they are all complete now? I hope he did not leave because he felt the days were numbered and he would leave a sinking ship.
Shares Outstanding 696.17M (+12M)
Before
Shares Outstanding 684.25M
https://finance.yahoo.com/quote/PLUG/key-statistics
https://markets.ft.com/data/equities/tearsheet/summary?s=PLUG:NAQ
Why? What has he done to increase the value to shareholders. This is a slap directly in our faces!
B_B - ANOTHER NOTHING BURGER.
Plug Secures First International PEM Electrolyzer Certification in Korea
May 01, 2024
Final step completed to enable the commercial sale of Plug electrolyzer systems in Korea
LATHAM, N.Y., May 01, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured the first international safety and performance certification in Korea for electrolyzer manufacturing, enabling the commercial sale of Plug electrolyzer systems in the Korean market. This achievement was completed through Plug's collaboration with SK E&S in the form of SK Plug HyVerse, a joint venture aimed at advancing the hydrogen sector within the Asian market.
Plug achieved certification of its EX425D – a 1 MW (megawatt) PEM (proton exchange membrane) electrolyzer that produces up to 425 kg (kilograms) per day of green hydrogen – to the Korean Gas Safety (KGS) Corporation Standard AH271 for Facility/Technical/Inspection Code for Manufacture of Water Electrolysis Hydrogen Generator.
As part of the certification process, KGS approved Plug’s Rochester Gigafactory for electrolyzer stack production and Plug partner Alpha ECC’s manufacturing facility in Vietnam for system production and assembly.
“We are pleased to have achieved this critical certification and look forward to supporting decarbonization goals in Korea,” said Plug CEO Andy Marsh. “As the first company to receive this certification and over five decades of operational expertise backing our PEM stack technology, we are in a unique position as the first mover for PEM electrolyzers in the Korean market.”
SK Plug HyVerse is nearing the completion of a project on Jeju Island, Korea, to support hydrogen-powered heavy-duty trucks. Additionally, the SK Plug HyVerse is expanding its efforts to build over 25 hydrogen fueling stations across South Korea and has developed a hydrogen-powered bus using Plug's ProGen module that will reach mass production by year's-end.
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Secures-First-International-PEM-Electrolyzer-Certification-in-Korea/default.aspx
Fertiglobe to take final investment decision on long-delayed 100MW Egyptian green hydrogen plant by July
Fertiliser producer remains coy on which electrolyser supplier is in line to replace original provider Plug Power
Polly Martin 1 May 2024
The Egypt Green hydrogen and ammonia project had originally been announced with promises that all 100MW of electrolysers would be installed in Ain Sokhna by the start of COP27 in Sharm El Sheikh, in November 2022, which would have made it the largest operational plant in the world at the time.
.....
One possible reason for the delay on FID for the full phase could be the decision by Egypt Green’s developers to drop the initial electrolyser supplier, Plug Power, in November 2022.
Fertiglobe has refused to comment on whether a new electrolyser provider has been identified for the project, nor which markets it plans to target with its green ammonia.
“Going to 100MW, there’s lot of other regulatory issues as well that you need to overcome,” Shata said at the conference, citing transmission of renewable energy from one side of the country to the other as one topic of discussion with government. “You need to finalise several other aspects to really get it in place.”
https://www.hydrogeninsight.com/industrial/fertiglobe-to-take-final-investment-decision-on-long-delayed-100mw-egyptian-green-hydrogen-plant-by-july/2-1-1635986
Apparently DAVID MINDNICH has left the company.
Chief Operating Officer
Cuberg Fulltime
apr. 2024
https://www.linkedin.com/in/david-m-806a015/
Best case: conditional approval of DOE loan before the Q1 results (May 9)
Worst case: NO DOE loan
EXECUTIVE COMPENSATION
Page 36 (41/79)
Page 43 (48/79) !!!
April 26, 2024 DEF 14A
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/3d05bd6b-9451-42ff-b040-28638be607ad.pdf
only if the share price gets to $7.50 in the next 12 months, otherwise he only gave himself 750,000 options.
I imagine the companies that Plug buys hydrogen from were unwilling to expand production knowing that Plug would produce their own hydrogen, which raised prices with demand.
Now that Plug is producing their own, prices will probably drop and Plug will have less of a price advantage.
Toofuzzy
sorry Jack dont see any news in that “bot” piece just analysis past stock prices and analysts forecasts
GREAT NEWS !
Andy just got 1.5 million more options !
Probably because he is doing such a great job !
WTM - PLUG is saving millions that would have gone to coffee and donuts.
PLUG doesn't want information leaking out as it usually does at these events.
And I don't think morale among shareholders will be very high going into the Annual meeting.
I think Andy and Paul fear that shareholders will start throwing rotten vegetables at them.
Steve, I'm a little less cynical, I'm guessing that they are doing it virtually as a cost cutting measure.
Q1’24 is 15% of full year 2024 (Paul Middleton)
Q1’22 = 140M
Q1’23 = 210M
record quarter = 260M (Q2’23)
Q1 ’24..............150M.........200M........250M........300M
FULL YEAR..........1B...........1.3B.........1.6B.............2B
2023 (891M).....+12%.........+46%.......+80%......+124%
2025 (est. 3B).........impossible........possible......certain
Paul Middleton
Yes, and I apology, Bill. One thing you asked me on the last question, I didn't get out there. I think you said first quarter. Yes, we do have first few weeks to go. A lot of our programs do wind up and transpired in the last few weeks of the quarter. But I would say on average, if you look historically, it's in that kind of 15% range of the total sales for the year. It's probably a decent proxy when you do all that math, plus or minus, in terms of how that might play.
Plug Power Inc. (PLUG) Management Presents at J.P. Morgan 2024 Industrials Conference (Transcript)
Mar. 14, 2024
https://seekingalpha.com/article/4678272-plug-power-inc-plug-jpmorgan-2024-industrials-conference-transcript
B_B - Bunker Mentality ? Hiding from the Shareholders ? Hiding from the PUBLIC ?
This is NOT a good sign !
What does PLUG Fear ? Shareholder Discontent ?
From $75 to $2.40 ? Who's DISCONTENT ?
Unfortunately andy is untouchable and does whatever! He also does not put himself in a position to be comfronted....
Shame shame shame....mayb one day He will surprise us...lol
Talk about a rigged election. Do we live in Russia or China? And the BOD is going along with this? Shame on all of them!
You are cordially invited not to come. I guess they have so many people mad at them they are afraid to allow their shareholders to attend. I guess security and metal screening cost would be too much?
- 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.
Up to $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.
Lhyfe plans new green hydrogen plant to power steel and future Olympic transport
By Charlie Currie on Apr 30, 2024
.....
The French Alps are set to host the 2030 Winter Olympics and Lhyfe has also earmarked the Ugine green hydrogen site as a way to help develop the local hydrogen mobility ecosystem, particularly in the run-up to the games.
Hydrogen’s Olympic legacy has continued to grow. The 2022 Beijing Winter Olympics saw 212 hydrogen fuel cell buses used to shuttle spectators. This summer’s (2024) Olympics in Paris will see several hundred Toyota Miraris become the official vehicles of the Games.
Lhyfe and UGITECH have said they are set to undertake a feasibility study for the project, with the plant’s implementation subject to its conclusions, granting of operating licenses, building permits and financial investment decision.
https://www.h2-view.com/story/lhyfe-plans-new-green-hydrogen-plant-to-power-steel-and-future-olympic-transport/2109409.article/
Lhyfe and Swiss Steel Group subsidiary Ugitech sign an MoU to decarbonise the steelmaker’s operations using green hydrogen
Tuesday, 30 April 2024
https://www.renewableenergymagazine.com/hydrogen/lhyfe-and-swiss-steel-group-subsidiary-ugitech-20240430
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
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
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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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