Plug Power Inc (PLUG)

[chrisp6712]

At the 2021 Plug Symposium, Plug stated they planned on producing 500 MW of electrolyzers in 2022. I’m sure their plans have changed as the demand has increased the past several months. I know Plug has the capacity to produce at least 2 GW of electrolyzers in Rochester. They are already producing 250,000 MEAs every month with most of them being used to build their newer generation of fuel cells. 250,000 MEAs per month is more than 2 GW of electrolyzer capacity each year. They are also building the Allagash 1 MW units in Concord and plan on build at least 100 of those in 2022. The 2 GW plant in Queensland will be operational in 7 months. At the 1Q 2022 earnings call, Mr. Marsh said they are looking at ways to speed up electrolyzer production. My prediction is that Plug will have 16 GW annual production capacity by the end of 2025.
SK South Korea 2 GW
Fortescue Queensland 2 GW
Fortescue plant two 2 GW
Fortescue plant three 2 GW
Plug Rochester 2 GW
Plug plant 2
Plug France 2 GW
Plug Spain 2 GW
Plug Germany 2 GW

Europe Repower will be releasing their accelerated H2 plans May 18th. Electrolyzer demand and supply will explode with Plug being first to market.