Plug Power
Summary
Plug Power is an American company that specializes in hydrogen fuel cell systems, focusing on material handling, stationary power, and building hydrogen infrastructure. It serves major clients like Amazon and Walmart and is expanding globally, particularly in Europe and Asia. While Plug Power is driving the adoption of green hydrogen and helping industries reduce carbon emissions, it faces challenges such as profitability and intense competition. The company is well-positioned for growth as the world shifts towards renewable energy. The company aims to produce 500 tons of green hydrogen per day by 2025, supporting its vision of a zero-emission future. Despite its growth, Plug Power continues to focus on achieving profitability while competing with other hydrogen technology firms.
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Details
Company name
Plug Power
Headquarters
Latham, United States
Date of establishment
1997-06
Website
Products & Equipment
Plug Power Hydrogen Solutions
by Plug Power
Revolutionizing Clean Energy with Fuel Cell Technology
Energy Solutions
Plug Power's hydrogen solutions encompass a comprehensive green hydrogen ecosystem. This includes the production of hydrogen through electrolyzers, which use renewable energy to create green hydrogen. The company also provides solutions for hydrogen liquefaction, storage, transportation, and conversion into electricity. Their technology is used in various sectors, such as e-mobility and stationary power, and they are focused on making hydrogen economically viable and widely accessible. Plug Power is building infrastructure to support a clean hydrogen economy, with real-world applications and customers already benefiting from their innovations.
