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Tuesday, April 16, 2024 12:45:18 PM
we explicitly decided not to enter the heavy mobile market (buses, trucks trains ships etc) by ourselves (we do have JV s of course where the expertise in those vehicles exists but are using a generic fuel cell “motor” not custom ones like Ballard has). As Ballard are finding out even promises of 500-1000 units dont make the product line profitable.
After securing the Material handling market the generation of hydrogen to supply those customers is a great adjacent pin. Our electrolyzers are second to none. Thats why you see them being used in projects around the world - especially in Europe. They may not be the cheapest but they work and PLUG knows what is needed to make a project successful.
Material Handling GenDrives and electrolysers make 20-30% gross margins so are pretty good businesses. Hopefully the new factories mean that large stationary fuel cells will also be when they roll out in any volume.
By choosing partners for things like the aircraft industry and last mile delivery we share the risks and costs involved.
If only Sanjay hadnt been so confident in the date to get production plants up and running we wouldn't be in this mess. Permitting delays hit all our sites - and will do in the future until the govt sorts this out (see Senator Manchkin). New York is now 2 years late had it been on time we would be selling to third parties 50% of the hydrogen we produce for nice hefty margins.
Recent PLUG News
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 09:10:58 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/19/2024 08:01:31 PM
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- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/18/2024 08:02:26 PM
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- Plug Power Inc. Announces Proposed Public Offering of Common Stock • GlobeNewswire Inc. • 07/18/2024 08:01:00 PM
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- Plug Delivers and Commissions over 95 MW of Electrolyzer Capacity Globally • GlobeNewswire Inc. • 07/09/2024 11:00:00 AM
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- Plug CEO Andy Marsh to Participate in the 10th Annual ROTH London Conference • GlobeNewswire Inc. • 06/26/2024 11:00:05 AM
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- Plug Secures 25 MW PEM Electrolyzer Deal for Major European Customer • GlobeNewswire Inc. • 06/21/2024 11:00:45 AM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:34:17 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 01:00:18 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:40:29 PM
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