Plug Power Inc (PLUG)

[JMI]

"Jack/Benny/Sven" here is trying to jump to the wrong conclusion and call it fact, again.

A typical Lie that the Trolls on here engage in.

Read the piece yourself and you will see that it actually says that the reasons that Shell canceled the project are that it relied on tanker ships for liquid H2, and there would be an insuffuicient number of them in time for this project's completion, making it economically unviable.

But that here are alternatives for transporting H2, such as with ammonia or other liquid organic hydrogen carrers (LOHCs).

The title of the piece is:

" Exclusive: This Shell Backed Project to Ship Vast Volumes of Liquid Green Hydrogen From Portugal to the Netherlands has been Scrapped."

Also, there is no mention in the piece about H2 vehicles, and PLUG is not involved with H2 automobiles, so that added nugget is simply and out-of-left-field, bizzare statement by "Jack/Benny/Sven."

To try to make a sweeping statement that " The novelty of Hydrogen is wearing thin", is laughable, and typical of the disingenuous "Hair on fire !", bloviating overstatements these Trolls try to make on here all the time.

And remember, this "Jack/Benny/Sven" if just one of several Trolls on here who are Linde and Air Products Pumpers, who come here to Bash PLUG because PLUG is building Green Hydrogen Plants, and has a substantial lead in building them over Linde and Air Products. For example, Linde is building a Green Hydrogen Plant in the Western US, but it is only scheduled to be operational sometime in 2027.

Maybe............

Also, PLUG is currently a customer of Linde and Air Products, buying their gray Hydrogen for PLUG's customers. But once PLUG has it's LA Plant online, scheduled for Qtr 3 2024, PLUG will make sufficient Hydrogen itself with it's GA, TN and LA Plants to service it's own customers. And once PLUG's TX and NY PLants are built and online, sometime in late 2025 as currently scheduled, PLUG will be selling Hydrogen themselves i the Market, and will be a competitor to those companies.

Now you can see why "Jack/Benny/Sven" and other Trolls are here to Bash PLUG and Pump LIN and APD.

Just the Facts........

Thanks !



JMI