Wednesday, July 27, 2022 8:02:48 AM
- “Plug Power (NASDAQ:PLUG) built the first commercial market for fuel cells.
- We’ve shipped over 60,000 fuel cell products — so more than anyone else in the world.
- We also have built over 185 fueling stations. So that capability and that turnkey solution really was just the starting point.
- Today, we’re building the first green hydrogen network across the United States, which by 2025 will produce over 200,000 tons a year of green hydrogen.
- And we’ve gone from $1 million in revenue when I started with the company 14 years ago to doing $925 million in revenue this year.
- “In the United States, in the infrastructure bill, there’s actually $9.5 billion for clean hydrogen initiatives; $8 billion for four hydrogen hubs and about $1.5 billion for manufacturing and electrolyzers.
- In the climate bill, one of the areas that has not been controversial is support for the generation of green hydrogen. It’s something that Senator Manchin and Senator Schumer both strongly support, which would have a production tax credit for green hydrogen which would be $3 a kilogram (A kilogram is about equivalent to two gallons of gasoline). So that’s a really exciting prospect for Plug Power, and we think there’s a two in three chance that it will become law.
- On top of that, when you go to Europe — Europe has a very, very aggressive plan to support green hydrogen deployment. We already have one deal in Denmark with a company called H2 Energy that is supported by Trafigura which will deploy 1 gigawatt of our electrolyzer products in the near future.
- And you see the same in Korea where the Assembly this past May passed edicts on deployments of hydrogen.
- And leaders like Mackenzie, Goldman, BloombergNEF all believe that approximately 20% of the world’s energy will come from hydrogen.
Recent PLUG News
- Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss • IH Market News • 09/20/2024 10:02:58 AM
- Plug Power Launches an Equipment Lease Financing Platform - Plug is Targeting >$150 million from a Combination of Debt Leverage & Customer Financing Solutions • GlobeNewswire Inc. • 09/19/2024 11:00:00 AM
- Plug Signs Technical Evaluation Phase Contract for 25 MW of PEM Electrolyzers with Dourogás and CapWatt for 80,000 Ton Per Year Methanol Project • GlobeNewswire Inc. • 09/12/2024 12:16:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/09/2024 01:00:11 PM
- Plug Announces Participation at the H.C. Wainwright 26th Annual Global Investment Conference • GlobeNewswire Inc. • 09/09/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 08:36:17 PM
- Plug Power Announces Completion of Undertakings Related to 2023 SEC Settlement • GlobeNewswire Inc. • 09/05/2024 08:31:00 PM
- Plug Awarded $10 Million DOE Grant to Lead Development of Advanced Hydrogen Refueling Station in Washington State • GlobeNewswire Inc. • 09/05/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 11:36:17 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 11:34:32 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 11:15:03 AM
- Plug Power Appoints Colin Angle, Former CEO of iRobot, to Board of Directors • GlobeNewswire Inc. • 08/22/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 08:31:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 08:30:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/09/2024 08:30:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 11:08:44 AM
- Plug Power Announces Key Developments and Strategic Milestones in Second Quarter 2024 • GlobeNewswire Inc. • 08/08/2024 11:00:00 AM
- U.S. Index Futures Drop, Signaling Ongoing Market Volatility; Oil Prices Stall • IH Market News • 08/08/2024 09:55:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 08:51:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 08:50:15 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 08:48:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 08:31:43 PM
- Plug to Announce 2024 Second Quarter Results • GlobeNewswire Inc. • 07/31/2024 11:00:00 AM
- Plug Power Names Amazon Executive as its New COO • GlobeNewswire Inc. • 07/30/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 09:10:58 PM
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