Plug Power Inc (PLUG)

[B_B!]

Last year the gas companies were very successful in delaying the energy transition, by sabotaging the hydrogen supply.
I don't think anyone will dare to rely on hydrogen backup/stationary power, until there is abundant/guaranteed hydrogen supply.


03/07/24 Post #55831
Initial tests of green hydrogen fuel cell systems as backup power in April/May, I think.

Plug Power Resolves ‘Going Concern’ Doubts as 2023 Revenues Increase by 27%
March 7, 2024
…..
During the earnings call with analysts, the company also said it is “engaged and planning” with “the three major data center operators” without naming them. It expects the demand for its green hydrogen fuel cell systems as backup power for data centers to rise, driven by artificial intelligence’s need for higher computing.

The company added that initial tests are planned for 2024, with significant deployments at scale anticipated in late 2025, as major data center operators like Amazon, Microsoft, and Google aim to reduce their carbon footprint and diesel usage.
…..
https://www.mercomindia.com/plug-power-resolves-going-concern-doubts