Replies to post #51587 on Plug Power Inc (PLUG)

[Penny chatter]

Everything is a stretch but the hydrogen is real!! Don't get evaporated

[Penny chatter]

Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured an order for 100 megawatts (MW) of proton exchange membrane (PEM) electrolyzers. This is the largest announced project in the oil and gas sector in Europe.

The Plug electrolyzers will be powered by 100% renewable energy and will generate approximately 43 tons of green hydrogen per day to replace gray hydrogen in the oil refining process. This will eliminate approximately 516 tons per day of CO2 (carbon dioxide).

[uksausage]

no off take agreement is just an off take agreement. Not sure what the phillips 66 or flyng J discussions are about - could be for storage, dispensing (although sems they use third party for that in Europe and Asia) as well as supply via off take/delivery contract.

If the IRA rules dont fall the way the country needs them to it will be irrelevant as Andy will stop building new plants - I suspect they are ready to sign for the land for at least 4 more but DOE needs to do the right thing and not be influenced by the oil and gas companies. There is so much renewable waiting to be connected to the grid but they cant for various reasons- there would be no need to increase carbon electricity in the grid to compensate for NY Stamp taking from the hydro in NIagara for example.

Surprise there isnt more market reaction to this possibility