Articles from Plug Power, Inc.

SLINGERLANDS, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, boosted its liquidity by approximately $30 million through the transfer of the Federal Investment Tax Credit (ITC) on January 24, 2025, to a major investor with a strong track record of purchasing comparable credits. The $30 million ITC transfer represents Plug's first use of the transferability rules under the Inflation Reduction Act (IRA) of 2022 and is among one of the first transfer deals for hydrogen storage and liquefaction assets.

Loan guarantee supports Plug’s domestic hydrogen production plant buildout

SLINGERLANDS, N.Y., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced a landmark purchase agreement with Allied Green Ammonia (AGA). This agreement will see Plug supplying an impressive three gigawatts (GW) of electrolyzer capacity to AGA's state-of-the-art green hydrogen-to-ammonia plant, currently under development in Australia.

SLINGERLANDS, N.Y., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will participate in the 14th UBS Global Energy & Utilities Conference in Park City, Utah.

SLINGERLANDS, N.Y., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will participate in the Goldman Sachs Energy, CleanTech & Utilities Conference on January 7, 2025, in Miami.

SLINGERLANDS, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it will be featured as a presenting company at the Jefferies Renewables & Clean Energy Conference 2024 in New York.

With the theme “Plug Doing Real Things,” the event highlights how Plug is laying the groundwork for the next five years

SLINGERLANDS, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced further progress on its strategic and operational initiatives and path to profitability in the third quarter of 2024. These developments underscore the Company's commitment to advancing the hydrogen economy and solidifying its market and financial position in the industry.

Public Registration Open for Digital Event

SLINGERLANDS N.Y., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2024 third quarter results on Tuesday November 12, 2024.

This follows recent completion of MOU and BEDP contracts Both parties are collaborating to finalize purchase agreement in coming months

Initiative to Establish First Hydrogen-Powered Logistics Site in Spain

SLINGERLANDS, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it will be featured as a presenting company at the Wolfe Research Utilities, Midstream & Clean Energy Conference 2024 in New York.

Concurrently, Plug Signed Definitive Agreements for an Initial ~$44 Million in Direct Equipment Lease Financing Transactions with GTL Leasing, a Portfolio Company of Antin Infrastructure Partners

Plug will collaborate to provide support during the Front End Engineering Design (FEED) phase

SLINGERLANDS, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced that it will be featured as a presenting company at the H.C. Wainwright 26th Annual Global Investment Conference in New York.

SLINGERLANDS, N.Y., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, is pleased to announce that it has complied with and completed the undertakings in connection with its previously announced settlement of a civil administrative proceeding with the U.S. Securities and Exchange Commission (“SEC”) in 2023. On August 30, 2024, the Company certified with the SEC Staff that the Company completed the undertakings set forth in the SEC settlement, which included fully remediating its material weaknesses.

SLINGERLANDS, N.Y., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has been awarded $10 million by the U.S. Department of Energy (DOE) to demonstrate next generation hydrogen refueling infrastructure for medium and heavy-duty vehicles at scale. Plug’s project, HYPER-Fuel (“the project”), is a liquid-to-gaseous dispensing and cryogenic dispensing hydrogen refueling station architecture.

SLINGERLANDS, N.Y., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced the appointment of Colin Angle, former CEO of iRobot, to its Board of Directors. Mr. Angle brings decades of extensive experience in technology innovation, robotics, and strategic leadership to Plug Power’s Board.

SLINGERLANDS, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced significant progress and strategic initiatives in the second quarter of 2024. These developments underscore the Company's commitment to advancing the hydrogen economy and solidifying its leadership position in the industry.

SLINGERLANDS, N.Y., July 31, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2024 second quarter results on Thursday August 8, 2024.

14-Year Amazon Veteran Was Responsible for Global Engineering Services

LATHAM, N.Y., July 19, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (“Plug Power”) (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced the pricing of its previously announced underwritten public offering of 78,740,157 shares of its common stock at a price to the public of $2.54 per share. The offering is expected to close on or about July 22, 2024, subject to market and other customary closing conditions. In connection with the offering, Plug Power has granted the underwriters a 30-day option to purchase up to an additional 11,811,023 shares of common stock at the public offering price, less the underwriting discount.

LATHAM, N.Y., July 18, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (“Plug Power”) (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced that it has commenced an underwritten public offering of $200,000,000 of its common stock. In connection with the offering, Plug Power intends to grant the underwriters a 30-day option to purchase up to $30,000,000 of additional shares of common stock. Plug Power intends to use the net proceeds from the offering for general corporate purposes.

Installations Support Range of Material Handling and Mobility Applications, Highlighting Company’s Unparalleled Execution Capabilities

Electrolyzers Installed and Producing Hydrogen in Five Continents for Internal Use and at External Customer Sites

LATHAM, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, which began commercial operation of its electrolytic hydrogen facility in Woodbine, Ga. earlier this year, intends to recognize the benefits of the Inflation Reduction Act’s (IRA) Section 45V Credit for the Production of Clean Hydrogen (PTC) in its forthcoming quarterly financial reports. Plug will be one of the first producers of clean hydrogen in the United States that anticipates utilizing this new incentive enacted by an Act of Congress and signed by President Biden.

LATHAM, N.Y., June 26, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, is pleased to announce that CEO Andy Marsh will participate in the 10th Annual ROTH London Conference held at the Four Seasons Hotel at Park Lane in London UK on June 26, 2024.

Company’s BEDP Offering Propels Growth of Electrolyzer Business

LATHAM, N.Y., June 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured an order for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems for a customer in Europe. The project will employ five of Plug’s 5 MW containerized PEM electrolyzers, to reduce the carbon footprint of the company by using green hydrogen.

Third-Party Validation Will Fast Track Implementation of Back-Up Power, EV Charging and Prime Power Solutions for Customers

LATHAM, N.Y., May 30, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, invites investors and the general public to listen to a webcast of its annual meeting of stockholders on Wednesday, June 5, 2024, at 10:00 a.m. Eastern Time. The live webcast can be accessed through the Internet at www.virtualshareholdermeeting.com/PLUG2024. A general corporate overview and question and answer session is expected to follow the business portion of the annual meeting.

Plug contributes deep expertise in hydrogen production and infrastructure as well as aviation sector applications

Supporting its growth targets, Plug brings its total BEDP global contracts to 7.5 GW

LATHAM, N.Y., May 15, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in hydrogen solutions for the green hydrogen economy, has announced its latest innovation: the integration of a Class 6, medium-duty fuel cell electric truck. The integration involves a commercial Class 6 chassis cab with an industry proven electric propulsion system powered by Plug’s cutting-edge ProGen fuel cell technology and seamlessly integrated with an industry proven electric propulsion system.

Loan guarantee will bolster the buildout of Plug’s green hydrogen plant network across the United States, driving rapid advancement of the hydrogen economy

LATHAM, N.Y., May 09, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG) (the “Company”), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced its financial results and operational milestones for the first quarter of 2024.

LATHAM, N.Y., May 03, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the signing of a memorandum of understanding (MOU) with Allied Green Ammonia (AGA), an Australian Company focused on green ammonia production, to supply up to 3 gigawatts (GW) of Plug electrolyzer capacity for AGA’s upcoming hydrogen to ammonia facility proposed for the Northern Territory of Australia.

Agreements expand Plug’s reach in cryogenic equipment portfolio across sectors

Final step completed to enable the commercial sale of Plug electrolyzer systems in Korea

LATHAM, N.Y., April 30, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2024 first quarter results on Thursday May 9, 2024.

Expanding Basic Engineering and Design Package (BEDP) Portfolio with an additional 350MW of electrolyzers

Having already achieved nameplate capacity at Georgia and Tennessee with Louisiana on track to achieve mechanical completion by end of Q3 2024

LATHAM, N.Y., March 01, 2024 (GLOBE NEWSWIRE) -- Today, Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy announced its financial results and operational milestones for the quarter and fiscal year ended December 31, 2023. With a steadfast commitment to advancing the green hydrogen economy, the Company has achieved significant progress in revenue growth, operational efficiency, and strategic investments aimed at promoting global sustainability and energy independence.

8-year partnership and $20,000,000 expansion underscores Uline’s commitment to Plug’s hydrogen and fuel cell solutions, significantly enhancing efficiency of operations

LATHAM, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2023 fourth quarter results on Friday, March 1, 2023.

One of the largest automotive manufacturing facilities in the U.S., spanning over 6 square miles, to run on Plug hydrogen and fuel cell solutions

LATHAM, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- In a strategic move to enhance its financial performance and ensure long-term value creation in a competitive market, Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced a comprehensive initiative designed to significantly reduce its annual operational expenses by more than $75 million. This ambitious plan will be executed with an expected one-time implementation cost of $15 million, underscoring the Company's commitment to operational excellence and fiscal responsibility.

Plug’s first-of-its-kind portable refueler hits the roads to support cost-effective adoption of commercial fuel cell electric vehicle fleets

Plug cryogenic trailers have been filled with liquid hydrogen for delivery at east coast pedestal customer sites - two days following commencement of operations.

Implemented design improvements on Tennessee plant which further enhances the efficiency of the generation facility

Plug’s total amount of Basic Engineering and Design Package (BEDP) contracts reaches 4.1GW

Largest Proton Exchange Membrane (PEM) Electrolyzer Deployment in the United States

Landmark Achievement for Plug’s Vertically Integrated Green Hydrogen Ecosystem and the Largest Proton Exchange Membrane (PEM) Electrolyzer in the United States

LATHAM, N.Y., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced the access details for its January 23, 2024 business update conference call. During the conference call, Andy Marsh, the Company’s Chief Executive Officer, and Paul Middleton, the Company’s Chief Financial Officer, will provide a business update and answer questions.

Hydrogen generated on site in Colorado will power forklift trucks and help lower emissions

LATHAM, N.Y., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has announced its 2023 third quarter results. The quarterly shareholder letter has been posted at https://www.ir.plugpower.com/Q323Plug

LATHAM, N.Y., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2023 third quarter results on Thursday, November 9, 2023.

Plug CEO Andy Marsh Delivers Remarks at an event that included U.S. Secretary of Energy Jennifer Granholm, U.S. Department of Energy Under Secretary for Infrastructure David Crane, and others

Green Hydrogen to Power Largest Advanced-Stage Sustainable Aviation Fuel Project

Showcases Progress in Building out the Global Green Hydrogen Ecosystem

LATHAM, N.Y., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Plug Power (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, is currently the preferred supplier of 550 MW electrolyzers to Fortescue, a global green energy and metals company, for Fortescue’s proposed Gibson Island Project.

LATHAM, N.Y., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced the settlement of a civil administrative proceeding with the U.S. Securities and Exchange Commission (“SEC” or “Commission”) related to the Company’s March 16, 2021 announcement that the financial statements in its prior annual reports on Form 10-K for 2018 and 2019, and quarterly reports on Form 10-Q for 2019 and 2020, should no longer be relied upon. On May 14, 2021, the Company filed a Form 10-K for 2020 that included restated financial statements for those periods.

LATHAM, N.Y., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today will host its Analyst Day showcasing the accomplishments to date of its 15 ton per day (TPD) liquid green hydrogen plant in Camden County, Georgia. Plug will share how the Georgia plant strengthens Plug’s long-term position as the global leader in green hydrogen production and supplier of electrolyzers. The day’s agenda will include a tour of the hydrogen plant.

LATHAM, N.Y., Aug. 18, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will host an Analyst Day on Wednesday, August 23, 2023, from 8:00 am – 2:00 pm ET near its hydrogen plant in Woodbine, GA.

LATHAM, N.Y., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has announced its 2023 second quarter results. The quarterly shareholder letter has been posted at https://www.ir.plugpower.com/Q223Plug.

LATHAM, N.Y., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2023 second quarter results on Wednesday, August 9, 2023.

LATHAM, N.Y., July 25, 2023 (GLOBE NEWSWIRE) -- Without domestic clean hydrogen, the U.S. will not meet its climate and economic goals. That is why today Plug Power Inc. (NASDAQPLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, the U.S. Chamber of Commerce, and 31 other organizations submitted a letter to Biden Administration officials addressing Section 45V Clean Hydrogen Production Tax Credit (PTC) implementation. Congress created the PTC to spur investments in clean hydrogen, and poorly devised PTC rules could hamper this vital industry and broader U.S. policy goals.

Largest green hydrogen project in oil and gas sector in Europe

Plug electrolyzers will contribute to decarbonization of road transportation and natural gas sectors

Two prominent leaders in technology transformation, strategy, and innovation join the Board of Directors to propel the company to the next phase of its growth as a vertically integrated green hydrogen company

Plug’s highly compact electrolyzer the first of its size to be installed offshore to generate green hydrogen

First European cold logistics customer represents expansion for Plug with its turnkey green hydrogen and fuel cell solutions

Company Introduces Portable Hydrogen Refueler Solution with Three Transit Customers

Deal supports first green hydrogen production facility for heavy-duty trucks in Southern California