Replies to post #46963 on Plug Power Inc (PLUG)

[WeTheMarket]

Chris, great info, thanks for posting.

[stew1340]

I say you nailed that post,TY

[uksausage]

excellent list,

achieving 80% of these will be incredible.. To clarify I think you meant back-up power systems 2/3rds of the way down. Any news on this would certainly help solidify the stock price.

I have sticked this list so we can check it off during the year.

[WeTheMarket]

Chris, in your post you stated: "Plug is negotiating with a heavy duty truck company to jointly produce class 8 fuel cell electric vehicles for heavy transport and will either partner or purchase the company by the end of the first half of 2022."

If you know, can you disclose the name of this company? Is it Rochester (New York) based Hyzon Motors by any chance? Thank you in advance.


(Source https://www.hyzonmotors.com/about)

[WeTheMarket]

Chris, not directly related to Plug Power, but I think you and others on the board might be interested in the following free webinar today at 10 am.

Nicola Motors to present at Mission Hydrogen (World's largest hydrogen community online) today at 10 am ET. In this free webinar, Nikola Global Chief Engineer Christian Appel will give you an overview of their fuel cell truck, share technical details, outline their hydrogen strategy and answer your questions. Register at the following link: https://klick.mission-hydrogen.de/info/1v186zzt4cwz1ebmlfzz1zzqz3

A key question is: how are we going to decarbonize heavy-duty mobility? Trucks, busses, coaches, mining vehicles, construction vehicles, harvesters, tractors… Some people believe it can be done with batteries. Some people believe batteries are not the right solution for various reasons – and that fuel cells and hydrogen are the best way to power them.

I think it’s fair to say that nobody really knows. So it’s probably a good idea to develop both technologies to make sure we can cover all scenarios.

One company that is developing both technologies in parallel is Nikola Motors. Nikola was founded in 2014 and went public in 2020. In June 2020, Nikola was valued more than USD 30 billion when a so-called short seller published a report that “hydrogen vehicles are more difficult than Nikola had told the public” (to put it in a hopefully politically correct way).

In the meantime, Nikola has changed a lot both on the management and the communications side, introduced a battery electric truck into the market and developed a fuel cell electric truck called the “Tre” together with its partner Iveco.

In a free webinar, Nikola Global Chief Engineer Christian Appel will give you an overview of their fuel cell truck, share technical details, outline their hydrogen strategy and answer your questions.

You will learn:
What does the Nikola Tre look like both on the outside and “under the hood”?
What are the technical specifications of the Nikola Tre?
What hydrogen storage technology does Nikola use? What are their plans for the future?
What are the results from testing the vehicles with customers including Anheuser-Busch and Walmart?
When will the vehicle be available on the market? Where will it be available?
What are the priorities from Nikola’s perspective?

[scubastevemd]

Sorry to hear that you will not post any more. While I did not always agree with you, I thought your post of value. I had many of my post removed in the past also. You cannot let those that try and silence you win. The world needs more opinions and not one side only. We should try and not fall in love with any company because they do not care about us as shareholders because our votes are so small, they do not count. They only care about us if we are going to sue them. Management takes care of themselves first and we are after thoughts. They want us to stay in the game. The big boys with algos, dark pools and front running have rigged the game. We all need to speak up!

[WeTheMarket]

Chris, you'll love the following most recent update on Plug Power Institutional Ownership which is approaching an all-time high. (Source of data https://fintel.io/so/us/plug).

[WeTheMarket]

High-frequency sound waves make electrolyzers produce 14x more hydrogen
By Loz Blain
December 13, 2022
https://newatlas.com/energy/hydrogen-sound-vibration-electrolysis/


PhD researcher Yemima Ehrnst holding a simple acoustic device used to radically boost hydrogen production during electrolysis, RMIT

RMIT researchers say they've unlocked cheaper, more energy-efficient green hydrogen production with a new electrolysis technique boosted by sound waves. With these high-frequency vibrations active, standard electrolysis produces 14x more hydrogen.

Where batteries can't carry enough energy, or take too long to charge, green hydrogen is rising as an important zero-emissions fuel that carries a higher density of electrons and supports fast refueling. Green hydrogen is created through electrolysis; splitting water molecules into hydrogen and oxygen using renewable energy to attract each gas to a different electrode, where the hydrogen can be captured, compressed and stored.

Firstly, vibrating the water has the effect of "frustrating" the water molecules nearest to the electrodes, shaking them out of the tetrahedral networks they tend to settle in. This results in more "free" water molecules that can make contact with catalytic sites on the electrodes.

Secondly, since the separate gases collect as bubbles on each electrode, the vibrations shake the bubbles free. That accelerates the electrolysis process, because those bubbles block the electrode's contact with the water and limit the reaction. The sound also helps by generating hydronium (positively charged water ions), and by creating convection currents that help with mass transfer.

In their experiments, the researchers chose to use electrodes that typically perform pretty poorly. Electrolysis is typically done using rare and expensive platinum or iridium metals and powerfully acidic or basic electrolytes for the best reaction rates, but the RMIT team went with cheaper gold electrodes and an electrolyte with a neutral pH level. As soon as the team turned on the sound vibrations, the current density and reaction rate jumped by a remarkable factor of 14.

So this isn't a situation where, for a given amount of energy put into an electrolyzer, you get 14 times more hydrogen. It's a situation where the water gets split into hydrogen and oxygen more quickly and easily. And that does have an impressive effect on the overall efficiency of an electrolyzer. "With our method, we can potentially improve the conversion efficiency leading to a net-positive energy saving of 27%," said Professor Leslie Yeo, one of the lead researchers.

Between faster reactions, energy savings and much lower cost materials and electrolytes, the team believes its work could help bring down the price of green hydrogen.

[WeTheMarket]

Chris, we need an update for 2023.

[Jack_Bolander]

Have you ever noticed those two posts at the top of the page in Yellow ?

Do you remember chrisp6712 ? He told us that he knew some important persons inside PLUG and to trust his information.
Well ... when Chrispy started posting PLUG's share price was $28.34.

Have a read of this post from the yellow section, and see how badly he misinformed everyone here. If you have the time and inclination, it's even more disturbing to see how wrong he really was.

"I will try to post some info that is relevant to this investing forum. I would hope that the moderators stop censoring selected posts.

Here are the things I believe Plug is going to achieve in 2022.

A minimum 2022 revenue of $900-$925 million. The number is expected to be raised as new deals become clearer during the year. Expect $975 million in 2022 revenue.

Green Hydrogen production. The Camden Georgia plant recently began producing green hydrogen and will be making 15 tons per day by. The end of the year. 3 plants will be producing 70 TPD by the end of 2022. In addition to the Georgia plant, work is ongoing at the STAMP site in New York. The Graham, Texas site will start construction shortly. 500 TPD by 2025 and 1,000 TPD by 2028.
16 sites have been chosen for green hydrogen plants. The site locations will be announced when their construction commences.
Plug want sites where there is room to expand production, ie. Texas can expand from 45 TPD to 75 TPD. NY can expand from 45 TPD to 70 TPD.

There are 2 green hydrogen offtake agreements going through final contract wording. The agreements will be finalized by the end of Q1 2022. These offtake agreements are long-term aggreements for 200 tons per day of green hydrogen. The gross profit margin on green hydrogen will be at least 30%.

Plug wants to ship at least 155 MW of electrolyzers by the end of 2022. They have a goal of having a backlog of 1 GW of electrolyzers by the end of 2022. Mr. Marsh thinks the backlog could be 2-3 GW the way discussions are going and if the Build Back Better climate initiatives are passed the number could be double that or more. Plug is negotiating a possible additional 2.5 GW of business during January 2022 alone.

Plug will build a gigafactory in Australia in 2022 and start a gigafactory in South Korea this year.

Material handling will grow to $600 million in gross revenue by end of 2022.
Plug is negotiating with 3 new pedestal customers that they expect to sign in 2022. The first one by the end of Q1 2022 and the other 2 by the end of 2022. Two of the pedestal customers will be in Europe.

The Joule acquisition cost $30 million. Plug will save $20 million annually just for their internal use by owning their liquifying technology. The acquisition can bring in $250 million in new revenue each year beginning in 2023.

Plug/Hyvia will arrange 10 light commercial customers in 2022 and be ready to deliver 1,000 vehicles in 2023.

Plug is negotiating with a heavy duty truck company to jointly produce class 8 fuel cell electric vehicles for heavy transport and will either partner or purchase the company by the end of the first half of 2022.

The Orascam green ammonia plant will be built in 2022 and be up and running before COP 27 in November.

Plug has built a fueling station for smaller distribution sites and expects 80% penetration rate with existing customers including Amazon and Walmart.

Plug will deliver power systems to 3 strategic partners during the first half of 2022 and an additional 10 to 12 units by the end of 2022. These power systems will result in 2022 revenue of $50 million. By the end of 2022 they will have $300 million in backlog for power systems.

Material Handling service will be revenue neutral by the end of 2022. Plug is achieving this by phasing in their new, more efficient Gendrive systems. Plug Power delivered the GenSuite of products and service to 32 new Amazon distribution centers in 2021. These systems require much less service than the old units. Plug will continue installing the newer units throughout 2022.

Plug will announce a new agreement with a pipeline/salt cavern storage company for bulk gaseous hydrogen.

Plug is installing fuel cell equipment at pedestal customer sites to charge their electric last mile delivery vehicles.

Plug will be approved for the DoE loan to fund their ongoing infrastructure buildout. The loan will be at least $500 million.

Plug is working with at least 10 US states who are looking to secure one of the hydrogen hubs that are part of the $8.5 bi-partisan infrastructure plan approved last year. Plug is the leading US company in the electrolyzer and fuel cell business."