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Plug Power ( (PLUG) ) has provided an announcement.
On January 16, 2025, Plug Power Inc. announced it secured a $1.66 billion loan guarantee from the U.S. Department of Energy to finance the construction of up to six projects aimed at producing and liquifying zero- or low-carbon hydrogen across the United States. The first project, a green hydrogen plant in Graham, Texas, will utilize renewable energy from an adjacent wind farm and create hundreds of jobs, reflecting a significant milestone in Plug Power’s expansion of domestic manufacturing and hydrogen production capabilities. This initiative enhances U.S. energy independence, aligns with national security priorities, and strengthens the country’s leadership in clean energy innovation.
More about Plug Power
Plug Power Inc. is a global leader in comprehensive hydrogen solutions within the green hydrogen economy, focusing on creating an end-to-end green hydrogen ecosystem. The company is known for deploying more than 69,000 fuel cell systems and over 250 fueling stations worldwide. With operations targeting North America and Europe, Plug Power aims to assist its customers in decarbonizing the economy by providing solutions for material handling, e-mobility, power generation, and industrial applications.
YTD Price Performance: 16.31%
Average Trading Volume: 63,838,568
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.42B
See more insights into PLUG stock on TipRanks’ Stock Analysis page.
