Plug Power Inc. reports developments across its integrated hydrogen ecosystem, including hydrogen production, storage, delivery and power generation. Company news commonly covers GenEco electrolyzers, GenDrive fuel cell systems, liquid hydrogen supply, storage tanks and fueling infrastructure for material handling, industrial applications and energy producers.
Recurring updates also include project awards for PEM electrolyzer systems, progress across hydrogen production facilities in Georgia, Tennessee and Louisiana, quarterly and annual results, investor conferences, and leadership or governance changes. Plug’s announcements frame its business around electrolyzers, fuel cells, hydrogen production plants and infrastructure used by commercial and industrial customers.
Plug Power (PLUG) signed a 280 MW electrolyzer supply agreement with Arcadia eFuels for Denmark's Project ENDOR.
The planned facility at the Port of Vordingborg would use renewable grid power to produce roughly 110 tons of hydrogen a day once built. Arcadia plans to combine the hydrogen with captured carbon dioxide to make jet fuel. Deliveries of Plug's GenEco electrolyzers will begin after the project issues a notice to proceed. ENDOR is advancing toward a final investment decision.
A separate strategic cooperation agreement makes Plug the preferred electrolyzer supplier for four additional Arcadia projects in Europe and the Americas, representing more than 1 GW of potential capacity. Arcadia will have priority access to Plug's manufacturing capacity as those projects advance. The agreements follow three years of joint engineering work.
Plug Power (PLUG) has shipped a 1 MW GenEco PEM electrolyzer to HWR Hydrogen in Invercargill, New Zealand, on September 22, 2026.
The unit will be installed at HWR Hydrogen’s refueling station to produce hydrogen for a dual-fuel hydrogen‑diesel heavy truck fleet. The deployment expands Plug’s GenEco footprint across New Zealand and Australia and supports New Zealand’s emerging hydrogen ecosystem for hard‑to‑decarbonize sectors. It builds on existing Plug projects in the region, including Hiringa Energy’s green hydrogen refueling network and a 50 MW GenEco system for Orica’s Hunter Valley Hydrogen Hub in Australia, expected to produce about 4,700 metric tons of renewable hydrogen annually.
Plug (NASDAQ: PLUG) reported Q2 2026 net revenue of approximately $178 million, up about 9% sequentially, with consolidated gross margin improving to around breakeven versus approximately (31%) a year earlier and (13%) in Q1 2026. GAAP EPS was $(0.14) versus $(0.20) in Q2 2025, and adjusted EPS was $(0.07) versus $(0.18) adjusted a year ago. Operating expenses declined about 50% year over year to roughly $62 million.
Net cash usage improved to about $61 million in the quarter, down ~58% sequentially, with unrestricted cash of roughly $162 million at quarter end. Service revenue grew 82% year over year to about $30 million with a 27% margin, and fuel revenue rose ~15% to about $39 million while fuel gross margin improved to roughly (48%) from (91%). Plug also highlighted major electrolyzer project milestones and asset monetization actions targeting $275 million, and raised its full‑year 2026 revenue growth guidance to 15%–16% while reiterating a positive EBITDAS target for Q4 2026.
Plug Power (NASDAQ: PLUG) will announce its 2026 second quarter results on August 10, 2026, followed by a conference call at 4:30 PM ET. Investors can join via toll-free phone (877-407-9221 / +1 201-689-8597) or a direct webcast accessible through Plug Power’s website.
Plug Power (NASDAQ: PLUG) announced two transactions with Stream US Data Centers supporting its strategic infrastructure optimization plan targeting over $275 million in liquidity improvements. Texas Plug signed a definitive deal to sell its Graham, Texas Project, including land and 164 MW of grid interconnection assets, to Stream for up to $76.5 million, plus an expected release of about $14 million in cash collateral, for total potential liquidity of roughly $90.5 million.
For the New York Gateway Project, the purchase price is now fixed at $142 million, with $21.5 million to be paid after escrow releases and earlier advances, and the long-stop date for non-land assets extended to March 31, 2027. According to Plug, these steps should add more than $80 million of near-term liquidity, on top of $162 million in unrestricted cash as of June 30, 2026.
Plug (NASDAQ: PLUG) won a 50MW GenEco PEM electrolyzer order for Orica’s Hunter Valley Hydrogen Hub in Newcastle, Australia, which has reached final investment decision. The project is Australia’s largest renewable hydrogen facility to reach FID and the first Hydrogen Headstart recipient to do so.
The hub is expected to produce about 4,700 tonnes of renewable hydrogen per year, displacing around 7.5% of Orica’s natural gas use at Kooragang Island. Plug notes this order expands its footprint in Australia and the Asia-Pacific region, adding to more than 320MW of GenEco electrolyzer systems already deployed globally.
Plug Power (NASDAQ: PLUG) completed installation, commissioning, SAT, and handover of a 5 MW GenEco PEM electrolyzer at European Energy’s Måde Power-to-X facility in Esbjerg, Denmark.
At full capacity, the RFNBO-certified plant is expected to produce about 550 metric tons of green hydrogen annually.
Plug (NASDAQ: PLUG) will webcast its annual shareholder meeting on June 11, 2026, at 10:00 a.m. ET. The live webcast is accessible via Plug’s homepage or www.virtualshareholdermeeting.com/PLUG2026 and will include a corporate overview, Q&A session, and post‑event playback.
Plug Power (NASDAQ: PLUG) closed the sale of a federal Investment Tax Credit for approximately $39.2 million tied to its St. Gabriel, Louisiana hydrogen liquefaction facility, operated with Olin. The move supports Plug Power’s liquidity strategy and capital efficiency initiatives.
The St. Gabriel plant, commissioned in April 2025, can liquefy up to 15 tons of hydrogen per day and is part of a network delivering about 40 tons/day of liquid hydrogen from facilities in Georgia, Tennessee, and Louisiana.
Plug Power (NASDAQ: PLUG) will supply 30 MW of GenEco™ PEM electrolyzers to the Barrow Green Hydrogen project in Cumbria, which has reached Final Investment Decision.
The six 5 MW units are expected to produce about 100 GWh of green hydrogen annually for Kimberly-Clark, cutting natural gas use by up to 50% and CO2 emissions by 18,300 tonnes. The UK-supported HAR1 project is backed by a long-term renewable power PPA with SEFE and an industrial offtake agreement with Kimberly-Clark.