Welcome to our dedicated page for Plug Power news (Ticker: PLUG), a resource for investors and traders seeking the latest updates and insights on Plug Power stock.
Plug Power Inc. (NASDAQ: PLUG) drives innovation in hydrogen fuel cell systems and green hydrogen infrastructure solutions. This hub provides investors and industry professionals with centralized access to official announcements, strategic updates, and technology developments from the clean energy pioneer.
Discover timely updates on electrolyzer deployments, material handling partnerships, and hydrogen highway expansions. Our curated feed includes earnings disclosures, joint venture formations, and product launch details essential for understanding PLUG's market trajectory.
Key updates cover three strategic areas: fuel cell technology advancements like GenDrive deployments, green hydrogen production milestones, and global infrastructure partnerships. Each entry provides direct links to source materials for due diligence and analysis.
Bookmark this page for streamlined tracking of Plug Power's progress in decarbonizing industrial operations through its vertically integrated hydrogen ecosystem. Verify operational updates and review historical announcements through our chronologically organized archive.
Plug Power (NASDAQ: PLUG) has announced an enhanced multi-year hydrogen supply agreement with a major U.S.-based industrial gas company through 2030. The extended partnership includes immediate cost reductions and improved network efficiency to support Plug's growing applications business serving over 275 hydrogen-consuming customer sites.
The agreement strengthens Plug's domestic hydrogen network while complementing their Project Quantum Leap initiative focused on cost optimization and cash flow improvement. Plug currently operates hydrogen plants in Georgia, Tennessee, and Louisiana with a combined capacity of 40 tons per day. The company plans to launch over 40 new sites in 2025 with continued expansion expected beyond 2026.
Plug Power (NASDAQ: PLUG), a leader in green hydrogen economy solutions, has announced its participation in two major investor conferences. At the J.P. Morgan Energy, Power, Renewables & Mining Conference in New York on June 24, 2025, President Sanjay Shrestha and VP of Investor Relations Roberto Friedlander will present from 10:55 to 11:25 AM EST.
Additionally, CEO Andy Marsh will attend the Roth 15th Annual London Conference on June 25, 2025. Both events will feature one-on-one meetings and discussions about the company's strategic priorities and growth plans. Investors can find more information on the company's investor relations website.
Plug Power (NASDAQ: PLUG) has achieved a significant milestone at its Woodbine, Georgia hydrogen plant, producing 300 metric tons of liquid hydrogen in April 2025—setting a new U.S. production record. The facility, which opened in January 2024, is the largest electrolytic liquid hydrogen production facility in the United States, utilizing Plug's proprietary GenEco PEM electrolyzer technology.
The Georgia plant, designed with a 15 tons per day nameplate capacity, is part of Plug's hydrogen generation network that includes facilities in Tennessee and Louisiana, totaling 40 tons per day of combined production capacity. This makes Plug the largest liquid hydrogen producer in the U.S. The facility supplies hydrogen to major customers including Walmart, Amazon, and Home Depot, supporting their decarbonization efforts while ensuring stable domestic fuel supply.
Plug Power (NASDAQ: PLUG) announced the successful operation of its GenEco electrolyzer systems at The Green Box cleantech campus in the Netherlands. The site features 1 MW and 5 MW PEM electrolyzers running at full capacity for live demonstrations and technical workshops targeting European customers.
The GenEco platform, designed for industrial applications like refining, sustainable aviation fuel, and green ammonia production, has already attracted visits from major companies including Galp, Technip, Tata Steel, and Sener. The 5 MW system, primarily powered by on-site solar from over 18,000 panels, demonstrated successful hydrogen production in May 2025.
The facility leverages a 6 MW public grid connection and operates on a 10 kV network. Plug Power reports an active electrolyzer opportunity pipeline exceeding $21 billion across 2025 and 2026, supported by EU Green Deal, RePowerEU, and UK Energy Act initiatives.
Plug Power (NASDAQ: PLUG) has successfully closed the initial tranche of a $525 million secured term loan facility with Yorkville Advisors. The company received an initial funding of $210 million and used part of it to retire $82.5 million in existing convertible debentures, which significantly reduces potential dilution by eliminating approximately 55 million associated underlying shares.
The new financing aims to enhance Plug's liquidity position and provide additional financial flexibility as the company continues to scale its green hydrogen network and work toward profitability. CEO Andy Marsh emphasized that this financing will support Plug's strategic priorities in 2025 and beyond. The company will provide more details during its Q1 2025 earnings call scheduled for May 12, 2025.
Plug Power has secured a major financial boost with a new $525 million credit facility from Yorkville Advisors, including an initial $210 million tranche expected to close by May 2, 2025. The company will use $82.5 million to retire existing convertible debentures, reducing potential share dilution by approximately 55 million shares.
Key financial highlights include:
- Q1 2025 expected revenue: $130-134 million
- Q2 2025 projected revenue: $140-180 million
- Q1 2025 net cash usage: $142 million (down from $268 million in Q1 2024)
- Cash position: $296 million in unrestricted cash as of March 31, 2025
The company has completed its new 15TPD hydrogen production plant in Louisiana through the Hidrogenii joint venture with Olin Corporation. Additionally, Plug Power has implemented cost-cutting measures expected to generate over $200 million in annual savings. The company states it has no plans to raise additional equity in 2025, demonstrating confidence in its current financial position.