TINA (There Is No Alternative)
Plug Power has always been the MOST experienced hydrogen company with the BIGGEST production capacity, just not very well known.
In 2021/2022 a lot of big hydrogen projects went to large industrial conglomerates with a hydrogen subsidiary, because they are experienced in big projects. But, I think after starting up these projects, clients realized these companies do not have enough experience in hydrogen systems. Their experience with proven alkaline electrolyzers is overtaken by PEM electrolyzers. Moreover, alkaline electrolyzers are not suitable for renewable energy sources (wind, solar).
The rush to hydrogen by companies and countries made them take hasty decisions, which sometimes are not the most optimal technical solutions.
This year will be the acknowledgement of Plug Power as the MOST experienced and BIGGEST producer of fuel cell and PEM electrolyzer systems.
Plug Power has decades of experience with fuel cell forklifts and their Giner PEM electrolyzers have been used for decades by NASA and in submarines. (This is why Plug Power cannot be acquired by a foreign entity.)
The competition is too small and too slow/late.
In 2023 Plug Power will be the king of hydrogen and there is no alternative.
Market Data 
Markets 
AI
