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. 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.
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.
Plug Power Inc. (NASDAQ: PLUG) unveils a refreshed brand identity aimed at enhancing its role in the green hydrogen economy. This rebranding reflects the company's commitment to energy efficiency and reducing reliance on fossil fuels. CEO Andy Marsh emphasizes hydrogen's pivotal role in a sustainable energy future. The new logo symbolizes accountability and optimism, reinforcing Plug's promise to customers and the planet. The company continues to lead in hydrogen fuel cell systems and is planning a gigafactory and multiple production plants to support its growth.
Plug Power (NASDAQ: PLUG) has struck an agreement with Walmart (NYSE: WMT) to provide up to 20 tons per day of liquid green hydrogen for lift trucks across Walmart distribution centers. This move aligns with Walmart's goal of achieving zero emissions by 2040 and marks one of Plug's first green hydrogen supply contracts, showcasing their investment in a green hydrogen network. Plug aims for 70 tons per day production by the end of 2022, targeting 500 tons per day in North America by 2025.
Plug Power Inc. (NASDAQ: PLUG) has appointed two new members to its board of directors: Jean Bua and Kavita Mahtani. Bua, currently CFO at NetScout Systems, brings extensive experience in M&A and financial operations, while Mahtani, CFO for the Americas at HSBC, focuses on growth and restructuring strategies. Both will join Plug's audit committee, with Bua as chair. CEO Andy Marsh expressed confidence that their expertise will enhance Plug's operations and strategic direction, marking a significant step in strengthening the company's governance.
McDermott's storage division, CB&I, has secured a contract to design and build two 500,000-gallon double-wall liquid hydrogen spheres for Plug Power's new green hydrogen facility in Genesee County, New York. This facility, leveraging Plug Power's PEM electrolyzer technology, aims to produce 45 metric tons of green liquid hydrogen daily, positioning it as the largest in North America. The turnkey contract includes comprehensive engineering, procurement, and construction services, with the project already under construction following final investment approval.
Plug Power Inc. (NASDAQ: PLUG) announced its fourth-quarter results for 2021, highlighting significant advancements in its hydrogen solutions as a leader in the global green hydrogen economy. The company has deployed over 50,000 fuel cell systems globally and is expanding its operations into key markets, including zero-emission vehicles and data centers. A conference call detailing the results was held on March 1, 2022. Plug Power emphasizes its commitment to sustainability and has established partnerships with major corporations like Amazon and Walmart.
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.