Replies to post #62003 on Plug Power Inc (PLUG)

[Jack_Bolander]

Carbo - WRONG !

No one wanted to serve an out of the way research center with a tiny amount of Hydrogen (It's not worth the effort!), so Plug won by default.

And since Plug has to buy most of their liquid hydrogen from Air Products (NASA's primary hydrogen supplier) , so , AP won't be supplying any hydrogen to Plug for any real / high margin NASA facilities.

By not building any more hydrogen production capacity, Plug has just become a minor hydrogen jobber/reseller and little more.

Do you know why there is a Nasa facility in Ohio ? Ever heard of Senator John Glenn ?

[scubastevemd]

As it is Plug is having to buy blue hydrogen and resell it for their customers. I'm not even sure why NASA is using PLUG unless they are just trying to spread out suppliers. It should at least give them a better margin as I'm sure they pay more. Not sure of the cost to transport green h2 to Ohio. I hope it works out and they have a new market. I just wonder if it would be better to build a few smaller modular units closer by to supply the needs.