Plug Power Stock Price, News & Analysis

Plug Power Inc. (NASDAQ: PLUG) is set to announce its 2021 fourth quarter results on March 1, 2022, at 4:30 pm ET. Interested parties can join the call via toll-free number 877-405-1239 or through a direct webcast available on Plug Power's homepage. The company, a leader in hydrogen solutions, has deployed over 50,000 fuel cell systems globally and is the largest buyer of liquid hydrogen. Their innovative technology supports sustainability goals across various industries, providing efficiency and reduced operational costs.

Plug Power Inc (NASDAQ: PLUG) has partnered with Atlas Copco and Fives to enhance the efficiency and cost-effectiveness of hydrogen liquefaction plants. This collaboration aims to develop turnkey hydrogen liquefiers, facilitating significant cost savings and broader distribution of liquid hydrogen globally. Notably, Plug Power's recent acquisition of Joule Processing LLC for up to $160 million is expected to reduce liquefaction costs by 25% and save $200 million in capital expenditures over four years. The company plans to supply 500 tons of liquid green hydrogen daily by 2025.

Plug Power Inc. (NASDAQ:PLUG) announced details for its business update conference call set for January 19, 2022, at 10:00 am ET. The call can be accessed via participant dial-ins or directly through a webcast link provided. Plug Power continues to lead in the green hydrogen sector, aiming to decarbonize the economy through a comprehensive hydrogen ecosystem. The company boasts over 50,000 fuel cell systems and plans to construct a Gigafactory alongside multiple hydrogen production plants targeting a daily output of 500 tons of liquid green hydrogen by 2025.

Edison Motors has partnered with Plug Power (NASDAQ: PLUG) to develop a hydrogen fuel cell-powered electric city bus. The project aims to produce a prototype by the second half of 2022 and mass-produce the "SMART 110F" buses for distribution in South Korea in early 2023. Both companies plan to explore future mobility applications including trucks and drones. Plug Power emphasizes expansion into the Asian hydrogen market, while Edison Motors has reported strong sales of electric buses in Seoul, positioning itself for growth in the hydrogen mobility sector.

Plug Power has signed a long-term agreement with Certarus to supply up to 10 tons of green hydrogen daily, enhancing logistics for hydrogen distribution in North America. This partnership aims to bolster the infrastructure necessary for adopting green hydrogen fuel, with initial deliveries scheduled for Q1 2022. The goal is to deliver 500 tons per day by 2025 and 1,000 tons by 2028. The collaboration seeks to alleviate supply chain bottlenecks and make hydrogen more accessible to various industries.

Plug Power Inc. (NASDAQ: PLUG) announced the acquisition of Frames Group, enhancing its capabilities in turnkey hydrogen solutions. The deal brings in 300 new employees and expertise in engineering and systems integration. Plug Power aims to produce over 1,000 tons of green hydrogen daily by 2028, leveraging Frames' resources. This acquisition strengthens Plug Power's global presence, particularly in Europe, and broadens its portfolio from 1 MW to 1,000 MW systems, marking a significant step in the green hydrogen economy.

Plug Power (NASDAQ: PLUG) and ACCIONA Energía have established a 50-50 joint venture named AccionaPlug, headquartered in Madrid, aiming to lead the green hydrogen market in Spain and Portugal. The venture plans to develop facilities to produce over 100 tons of green hydrogen daily by 2030, with initial plants expected online in 2023. Combining Plug Power’s electrolyzer technology with ACCIONA’s renewable energy expertise, AccionaPlug seeks to provide competitive green hydrogen solutions, playing a crucial role in Europe’s sustainability goals.

Plug Power Inc. has announced the establishment of its European headquarters in the Port of Duisburg, Germany, aiming to enhance the development of the green hydrogen economy. This strategic location allows direct maritime supply chain connections and positions Plug Power to leverage the region's industrial strengths, housing a workforce skilled in logistics and transport. The new facility will include an innovation center and an electrolyzer for green hydrogen production. Plug Power intends to significantly contribute to the European hydrogen strategy, enhancing its global presence and operational capabilities.

Plug Power Inc. (NASDAQ: PLUG) has been selected by Fertiglobe to provide a 100 MW electrolyzer for green hydrogen production in Egypt. This strategic partnership aims to produce green ammonia, supporting Fertiglobe's commitment to decarbonization. The facility will produce up to 90,000 tons of green ammonia, addressing global hydrogen deficits. Plug Power's robust booking momentum in electrolyzers is expected to enhance its 2022 sales. The project signifies a key milestone in the green hydrogen sector, with construction anticipated to showcase at COP 27 in November 2022.