Plug Power Inc (PLUG)

[WeTheMarket]

Steve, as I have mentioned in my previous post, my understanding is that there may be a retroactive component where Plug Power gets funds for money already spent. Following are the excerpts from the Q4/Full Year 2023 Earnings Call Transcripts (link https://www.fool.com/earnings/call-transcripts/2024/03/01/plug-power-plug-q4-2023-earnings-call-transcript/) related to this topic.

Craig Irwin -- ROTH MKM -- Analyst

Excellent. And then, this is a question that I'm not sure you can answer, but I'm going to try for it anyway. The -- it's top of mind for -- for a lot of people, right? So, this -- this DoE loan can fund up to 80% of -- of a project's costs. Can you maybe give us color or some sort of understanding as far as, you know, how close to this 80% number you think is rational for you to receive as far as total project costs? And then, there's conversation out there, not just about retroactive spending, but about scope maybe being slightly wider, that some of the expenses that have been incurred, as far as the development costs and other associated projects, might also see funding eligibility and some of these other loan packages.

You know, is that a potential opportunity for Plug, you know, as -- as you look to finalize terms with the Department of Energy?

Andy Marsh -- Chief Executive Officer

So, Craig, I'm going to let Paul take the first half and let Sanjay take some of the second half here.

Paul Middleton -- Chief Financial Officer

Yeah, I guess the -- the -- you know, I'm very confident and optimistic. And the reason why is because we've worked extensively with the DoE, you know, the last -- really the last year and a half. And, you know, we've looked at projects we've deployed, we've looked at projects that we're working on, we've used those as proxies to understand what we're doing and how we're doing it, and they serve as good baselines to -- to really have gotten to the point we're at with structuring it the way we have and thinking about how this will work. And so, I feel very good about that coming to fruition and being able to utilize the full 80% and -- and the understanding that we have with -- with the DoE of how these programs work and how the cost, you know, were sourced and how it applies. And so, I feel really good about that.

And, Sanjay, over to you.

Sanjay Shrestha -- Chief Strategy Officer

Yeah. And I think part of you kind of captured it, Craig. I think, look, we're obviously going through final details here. And as you rightfully pointed out, you know, probably don't want to get into too much more detail.

But having said that, there has been -- there's quite a bit of capital that have already been spent to get the project where it is right now. So, I think we feel pretty good about our position of how much money has been spent, whether it's on development effort, whether it's on all the big procurement items that actually goes in getting this project built, right? So, that scenario could unfold, you know, as you right as you pointed out here. But look, given that we're having all this in-depth discussion at this point in time, I think getting into too much more detail than that at this point in time is probably not something we would want to do. But understand your logic and get your point where you're coming from. And a lot of the money has been spent from our equity contribution perspective for that project in Texas, and we feel pretty good about our position there.