Plug Power Inc (PLUG)

[uksausage]

200 kW seems to be the sweet spot for Class 8 trucks and the likes (waste management trucks, excavators etc.) the 150 kW in a Progen engine is obviously being used in Last mile delivery, buses and smaller vehicles.

Assuming PLUG are close to having 200+ kW they will need to decide so they integrate into a drive train/engine compartment like Bosch/Nikola and Hyzon or keep it separate and supply the electricity indirectly. Ballard have the widest range of high power solutions for buses, trains, ships and I have a feeling that is the sort of market Plug would like to address next, may be in tandem with SK and BAE Systems where buses are already being powered.

However you have to ask how much it will cost to prepare and launch any new product given the current financial situation. Cash should be available by the end of 2025, assuming the DOE loan starts supplying some funds in Q3 this year.. future opportunities will slip in line with that