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Re: Jack_Bolander post# 55051

Wednesday, 01/24/2024 9:44:59 AM

Wednesday, January 24, 2024 9:44:59 AM

Post# of 56351
Plug Power PLUG, 6.22%, which provides hydrogen fuel-cell technology, finalized a term-sheet negotiation with the Department of Energy for a $1.6 billion loan facility, Chief Executive Andy Marsh said on an investor call Tuesday. The company has been experiencing liquidity challenges, issuing a going-concern warning late last year and disclosing approval for a stock-sale plan last week.

“This funding, when received, will support the development, construction and ownership of up to six hydrogen-production facilities, significantly advancing green-hydrogen deployment in the United States,” Marsh said of the new Department of Energy 

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