Plug Power Inc (PLUG)

[uksausage]

Jack

you were busy over the weekend.

Falling cost of hydrogen because of Natural gas prices cratering is very very good for PLUG this year - they meet their hydrogen gross margin targets earlier with less contribution from in house manufactured green hydrogen.

Currently they are doing 9.1 TPD green I believe is the latest information - I doubt Wednesday will be lower and I would rather they build the first dedicated facilities right than rush them.. the falling cost of natural gas helps reduce the financial pressure on this. I can still see 120 TPD constructed by end of the year. BTW pay attention to the actual adjectives used when talking about production capacity

No idea of the actual numbers of liquefaction systems designed and installed but pretty sure Joule has at least 10 designed done or in progress may be more if you include nat gas systems. That may be more than Linde and they have been recruiting well, so I expect a certain number of key staff may have switched in order to be with the green hydrogen leaders. I think they are well aware of the complexities of it that's why it costs so much. It is a nice added value in PLUG's product portfolio and could be adding may be as much as GenDrive to the revenue line as they are sold to partners

You mentioned in an earlier post the falling cost of green electricity - isn't that beneficial for PLUG? The generation of hydrogen could end up being with free power. Generate as close to usage as possible and you won't need liquefaction, but there will always be a need to do some bulk transportation and the costs of liquefaction becomes affordable.
With the booming renewable electricity industry (I saw 30 GW of wind and solar waiting to be added to the Texas ERCOT system alone.) the low usage periods will need a way to store the excess and hydrogen is one very viable option.

Let's see what new information we get on Wednesday.