Plug Power Inc (PLUG)

[Jack_Bolander]

Banger - Until there is a comparative positive ROI for Hydrogen/Fuel Cells, no company with an eye to the bottom line is going to buy into an "Application" which doesn't make sense (Cents?). For disciplined companies the Bottom Line always wins.

This explains why GSE's / Mulag never took off (pun intended). I was at CERAWeek this week and Alternatives and Hydrogen were not the talk this year as they have been in the past. Yes they were on the agenda, but in the break sessions, you didn't hear them mentioned as they had in recent years.

By now the major players have run the numbers for their possible hydrogen "Applications " and they are not compelling . Perhaps the 45v rules will make some applications achieve a comparative positive ROI, but until those rules are out , the numbers run , and the "Applications" tested, we may be waiting decades for Data Center and other marginal applications.