Plug Power Inc.

Company Overview

Plug Power Inc. is building an end-to-end green hydrogen ecosystem that ranges from production, storage and delivery to energy generation. Through its direct sales channels and joint venture partnerships, the company intends to offer its hydrogen solutions to customers in various sectors such as stationary power generation, e-mobility, supply chain & logistics, and industrial applications. The hydrogen solutions provided by the company include fuel cells, PEM electrolyzers, hydrogen liquefiers, liquid hydrogen cryogenic solutions, and hydrogen production at its plants. In addition to its infrastructure across the U.S., it intends to set up a clean hydrogen network in Europe with ongoing plans to build a hydrogen production plant at the Port of Antwerp-Bruges and three plants in Finland.

Plug Power Inc. sells fuel cell generators under the fuel cell systems segment. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks.

Financial Highlights (FY 2023)