Plug Power Stock Price, News & Analysis

Plug Power has secured a contract with Irving Oil to provide a 5 MW proton exchange membrane electrolyzer for hydrogen production at its Saint John refinery, the largest in Canada. This marks a significant step towards Irving Oil's goal of transitioning to low-carbon hydrogen. The electrolyzer is set to produce 2 tonnes of hydrogen daily, enhancing sustainability and reducing greenhouse gas emissions. Deployment is expected in Q3 2023, with full operational capacity by late 2023. This partnership highlights the growing demand for green hydrogen solutions.

Electra.aero has acquired Airflow.aero to enhance its position in the advanced air mobility (AAM) market. The transaction, closed on June 2, 2022, integrates Airflow's eSTOL aircraft technology, bolstering Electra's order book to nearly 800 planes, surpassing the break-even point for commercial development. The acquisition aims to provide improved operational flexibility and efficiency. With Airflow's experience in battery-powered aircraft and its strategic partnership with Plug Power, Electra is set to offer competitive solutions in sustainable aviation and capture a more significant market share.

Plug Power Inc. (NASDAQ: PLUG) announced plans to construct a 100 MW green hydrogen plant at the Port of Antwerp-Bruges, capable of producing 35 tons per day of green hydrogen. This 30-year concession agreement will allow Plug to generate up to 12,500 tons of liquid and gaseous green hydrogen annually, supporting Europe's climate goals and energy security. Initial production is set for late 2024, with full commissioning by 2025. Plug aims to play a key role in the European hydrogen market amidst increasing demand due to geopolitical energy crises.

Plug Power (PLUG) has secured a groundbreaking order for a 1 GW electrolyzer from H2 Energy Europe, marking the largest electrolyzer installation globally. This facility, set to be built in Denmark, will utilize offshore wind power to produce 100,000 metric tons of green hydrogen annually, enough to fuel 15,000 heavy-duty vehicles daily. Plug’s gigafactory in Rochester, N.Y., will manufacture the electrolyzers, with operations expected to commence in 2024 and hydrogen production in 2025. The project aims to significantly reduce CO2 emissions in northern Europe’s transportation sector.

Plug Power Inc. (NASDAQ: PLUG) reported its first quarter results for 2022, emphasizing its role as a leader in the hydrogen economy. The company has deployed over 50,000 fuel cell systems globally and operates a hydrogen highway across North America, positioning itself as the largest buyer of liquid hydrogen. Plug Power's GenKey solution integrates key elements for powering and fueling customers like Amazon and Walmart. The firm aims to expand into markets like zero-emission vehicles and robotics while delivering substantial environmental benefits and operational efficiency.

Plug Power (NASDAQ: PLUG) is set to announce its 2022 first quarter results on May 9, 2022, at 4:30 PM ET. The company, a leader in hydrogen solutions, emphasizes its commitment to the green hydrogen economy. Following the announcement, a webcast will be available for those unable to attend the live call. Plug Power continues to innovate within the hydrogen fuel cell market, boasting over 50,000 fuel cell systems deployed and becoming the largest buyer of liquid hydrogen in North America. Key customers include Amazon, BMW, and Walmart.

Olin Corporation (NYSE: OLN) and Plug Power Inc. (NASDAQ: PLUG) have announced a joint venture (JV) to produce and market green hydrogen in North America. This MOU aims to address the growing fuel cell demand and establish the first production plant in St. Gabriel, Louisiana, capable of producing 15 tons of green hydrogen daily. With Olin's expertise in hydrogen production and Plug Power's logistics and marketing capabilities, the JV is expected to be operational in 2023, contributing to sustainability goals and expanding green hydrogen availability.

Plug Power (NASDAQ: PLUG) and Olin Corporation have entered a memorandum of understanding to establish a joint venture aimed at producing green hydrogen. The JV will initially focus on a facility in St. Gabriel, Louisiana, set to generate 15 tons per day of green hydrogen, addressing the rising fuel cell demand in North America. Plug Power’s goal includes achieving 70 tons per day of production by the end of 2022, with long-term targets of 500 tons per day by 2025 and 1,000 tons by 2028. This partnership marks a significant development in the green hydrogen economy.

Plug Power Inc. (NASDAQ: PLUG) partners with MOL Group to construct one of Europe’s largest green hydrogen production facilities in Százhalombatta, Hungary. This €22 million plant, utilizing a 10 MW electrolysis unit from Plug, aims to produce 1,600 tons of green hydrogen annually, significantly reducing carbon emissions by up to 25,000 tons. Scheduled for operation in 2023, the facility supports MOL's sustainability goals and energy independence. Plug's technology will help address climate change and is aligned with MOL's broader carbon neutrality strategy by 2050.