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3.44
0.01
(0.29%)
At close: March 28 04:00PM
3.44
0.01
( 0.29% )
After Hours: 05:13PM

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Key stats and details

Current Price
3.44
Bid
3.43
Ask
3.44
Volume
22,157,404
3.35 Day's Range 3.51
2.2701 52 Week Range 13.44
Market Cap
Previous Close
3.43
Open
3.43
Last Trade
6
@
3.44
Last Trade Time
17:15:11
Financial Volume
$ 76,206,930
VWAP
3.4393
Average Volume (3m)
45,512,346
Shares Outstanding
684,255,083
Dividend Yield
-
PE Ratio
-1.71
Earnings Per Share (EPS)
-2
Revenue
891.34M
Net Profit
-1.37B

About Plug Power Inc

Plug Power is building an end-to-end green hydrogen ecosystem - from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and thr... Plug Power is building an end-to-end green hydrogen ecosystem - from production, storage and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets-including material handling, e-mobility, power generation, and industrial applications. Show more

Sector
Electrical Indl Apparatus
Industry
Electrical Indl Apparatus
Headquarters
Wilmington, Delaware, USA
Founded
1970
Plug Power Inc is listed in the Electrical Indl Apparatus sector of the NASDAQ with ticker PLUG. The last closing price for Plug Power was $3.43. Over the last year, Plug Power shares have traded in a share price range of $ 2.2701 to $ 13.44.

Plug Power currently has 684,255,083 shares outstanding. The market capitalization of Plug Power is $2.35 billion. Plug Power has a price to earnings ratio (PE ratio) of -1.71.

PLUG Latest News

Form 8-K - Current report

false 0001093691 0001093691 2024-03-01 2024-03-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares...

Form 8-K - Current report

false 0001093691 0001093691 2024-03-01 2024-03-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares...

Plug Highlights Year of Strategic Growth and Advancements in Accelerating the Green Hydrogen Economy

LATHAM, N.Y., March 01, 2024 (GLOBE NEWSWIRE) -- Today, Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy announced its financial...

Form 8-K - Current report

false 0001093691 0001093691 2024-02-23 2024-02-23 iso4217:USD xbrli:shares iso4217:USD xbrli:shares...

Form 424B5 - Prospectus [Rule 424(b)(5)]

​  Filed Pursuant to Rule 424(b)(5)​  Registration No. 333-265488​ PROSPECTUS SUPPLEMENT NO. 1 (To prospectus supplement dated January 17...

Plug and Uline Expand Partnership to Supply Hydrogen and Fuel Cells at Four Additional Sites

LATHAM, N.Y., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, and Uline, the leading...

Plug to Announce 2023 Fourth Quarter and Year-End Results

LATHAM, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, will announce its 2023 fourth...

Plug Finalizes Contract to Support A Major U.S. Automobile Manufacturer’s Material Handling Operations

LATHAM, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has finalized a contract to...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.1-2.824858757063.543.713.2246967503.40672439CS
4-0.15-4.17827298053.594.333.05346794603.60796902CS
12-0.94-21.46118721464.385.142.2701455123463.69812974CS
26-4.31-55.61290322587.757.952.2701398803784.29076903CS
52-7.28-67.910447761210.7213.442.2701312058126.22502575CS
156-30.22-89.78015448633.6646.52.27012510725617.06428859CS
2601.0443.33333333332.475.491.852260628119.04596209CS

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PLUG Discussion

View Posts
WeTheMarket WeTheMarket 2 hours ago
Added to my position this week, hopefully I won't regret it.
👍️0
B_B! B_B! 3 hours ago
Correction: the DOE office is not closed tomorrow.
There are no federal holidays in March 2024.
https://www.opm.gov/policy-data-oversight/pay-leave/federal-holidays/#url=2024
👍️ 1
WeTheMarket WeTheMarket 8 hours ago
BB, great DD, keep up the good work.
👍️0
B_B! B_B! 9 hours ago
China strives to "refuel" economy with green hydrogen energy
2024-03-28
.....
Hydrogen energy has emerged as a prominent topic during China's annual "two sessions" held earlier this month. It was also highlighted in the government's work report for the first time as a crucial emerging industry.

According to a report by Sinopec Group, China's major oil refiner, the country's hydrogen energy consumption is projected to reach nearly 86 million tonnes by 2060, with an industry scale of 4.6 trillion yuan (about 637 billion U.S. dollars).

As a key element in the global energy transformation, hydrogen energy plays a promising role in energy production and consumption revolution. It is expected to help build a clean, low-carbon, safe and efficient energy system, aligning with China's carbon peaking and carbon neutrality goals.
.....
Air Products, a leading hydrogen supplier based in the United States, established an Asia hydrogen application technology center in east China's Zhejiang province last year, aiming to develop technologies for hydrogen transportation, fuel and metallurgy.

The company is also building China's first large-scale commercial liquid hydrogen plant in Zhejiang, with a daily production capacity of 30 tonnes. The plant will serve high-end manufacturing enterprises and support the growing hydrogen energy transportation market in the region.

https://english.news.cn/20240328/9fafa875ed4f409e82520ab8691cb863/c.html
👍️ 2
B_B! B_B! 9 hours ago
Falling put-call ratio, bullish!
I don’t think we will see $5, it’ll go straight to $7 😁
👍️ 1
Jack_Bolander Jack_Bolander 10 hours ago
B_B - The increase in Short Interest indicates the opposite.

I will be surprised if we hear anything from the DOE in March or April.

I also expect an additional round of negotiations on the terms.
👍️0
B_B! B_B! 14 hours ago
Thursday is the last business day of March.
I think “investors” are betting on an approval of the DOE loan.

(DOE LPO announcements are usually after 10:00 am)
👍️ 2
B_B! B_B! 23 hours ago
Today is Wednesday!

I don't hate WEDNESDAYS anymore.
03/06/24 2:08 PM Post #55819
👍️0
Jack_Bolander Jack_Bolander 1 day ago
B_B - Nice Convertible Weather.
👍️0
uksausage uksausage 1 day ago
the new notes were “Announced” a week or more ago though. They may have now been issued but that shouldn't affect the SP today.
it has been generally a good day for hydrogen stocks and we know PLUG seems to have the highest beta amongst them. more social media posts from Euorpe and India may be getting shorts worried that there will be enough business outside the USA to compensate.
They got out of paying an end of march interest on the old notes though
👍️ 2
B_B! B_B! 1 day ago
Plug Power (NASDAQ:PLUG) Blasts Up after New Convertible Note Offering
Steve Anderson Mar 27, 2024

It’s not always a good day when a stock offers new convertible notes. But today, it was fantastic news for green hydrogen stock Plug Power (NASDAQ:PLUG), who offered up a new pile of convertible senior notes amid the cheers of shareholders. In turn, shareholders sent Plug Power shares blasting up over 8.5% in Wednesday afternoon’s trading.
More specifically, Plug Power brought out $140.4 million worth of convertible senior notes at a 7% rate, which will come due in 2026. The new notes were almost a straight exchange for a previous set, a $138.8 million block of notes due 2025, but at a rate of 3.75%. That included accrued and unpaid interest so far, and the relevant 2025 notes were canceled after the new notes were issued.

However, not all of the old notes were canceled, as about $58.5 million of the 2025 notes were left untouched by this new development. While the interest rate has increased significantly—it’s actually doubled—Plug Power now has an extra year to work with.

Extra Time May Be Helpful for Plug Power
.....
https://www.tipranks.com/news/plug-power-nasdaqplug-blasts-up-with-new-convertible-note-offering
👍️ 1
Jack_Bolander Jack_Bolander 1 day ago
Here is an interesting Read :

https://seekingalpha.com/article/4680773-plug-power-a-true-leap-of-faith-stock?mailingid=34838076&messageid=2800&serial=34838076.831&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=34838076.831

Key Take-Away :

" An investment in Plug Power Inc. is a true leap of faith, and not one I am willing to make at this time."
👎️ 1
scubastevemd scubastevemd 1 day ago
Yes, but do we want to once again deal from weakness and give away the store like we did with Amazon and Walmart? That just allows us to stay alive a bit longer and push out being profitable. A complete redo would be terrible for us small investors but might work out better for the company in the long run assuming they just need cash to complete the plans they have, and they will be priced to make us profitable. If not, it really does not matter what we do as the end story will be the same.
👍️ 1
uksausage uksausage 1 day ago
they have other more expensive options to fund the H2 plants if the DOE loan falters.
In fact I think they may have to do something over the summer like sell part of Georgia or JV for the Texas plant.
If only there was abundant H2 availability then many fuel cell applications would have shipped in Q3-Q1 from inventory helping the cash balances.
👍️ 1
SKIPPERANDGILLIGAN SKIPPERANDGILLIGAN 1 day ago
Buy buy buy
👍️ 1
SecondLife SecondLife 1 day ago
My point was to show that Hydrogen will be the way of the future! China & Japan know this and once the The Swamp is taken down, the rest of the planet will follow!
👍️0
B_B! B_B! 1 day ago
Increase in short interest and decrease in trading volume.
Great for a short squeeze.
👍️ 1
WeTheMarket WeTheMarket 1 day ago
Nikola’s drive for sustainability and clean energy with Alexia Bednarz | Loaded and Rolling

FreightWaves
28.2K subscribers
Posted Mar 26, 2024

In today’s episode Alexia Bednarz, head of Sustainability and Government Affairs at Nikola joins us to talk about their sustainability efforts and reporting, community engagement and workforce development, as well as efforts to progress federal and state policy to further enable zero emission vehicle adoption and the hydrogen fueling ecosystem.

👍️0
scubastevemd scubastevemd 1 day ago
With all of Andy's, 'friends' in NY and in Congress the Progressives would basically kill the HUBS if 45V is not amended and if PLUG does not get the DOE loan that would be a knife in the heart and put Plug in a corner. They would be forced to spend out all the shares to B. Riley to survive and then be faced with limited options like a reverse split and then major share issue, a sale of the company at a discounted price or bankruptcy and hoping for a restart. I doubt they get denied the loan, but a delay could also hurt the stock price and that maybe what the shorts are betting on.
👍️ 1
Jack_Bolander Jack_Bolander 1 day ago
B_B -Shorting has restarted post earnings and continues to grow. Never a good sign.

SHORT INTEREST 172.19M (03/15/24)


% OF FLOAT SHORTED 27.94%

I think some are betting on No DOE News this month ....

Or WORSE .... No DOE Loan.
👎️ 1
B_B! B_B! 2 days ago
SHORT INTEREST 172.19M (03/15/24)
% OF FLOAT SHORTED 27.94%

SHORT INTEREST 159.83M (02/29/24)
% OF FLOAT SHORTED 25.93%

SHORT INTEREST 170.84M (02/15/24)
% OF FLOAT SHORTED 31.33%

SHORT INTEREST 183.89M (01/31/24)
% OF FLOAT SHORTED 34.07%

SHORT INTEREST 158.33M (01/12/24)
% OF FLOAT SHORTED 29.35%

SHORT INTEREST 161.5M (12/29/23)
% OF FLOAT SHORTED 29.94%

SHORT INTEREST 158.44M (12/15/23)
% OF FLOAT SHORTED 29.37%

SHORT INTEREST 155.38M (11/30/23)
% OF FLOAT SHORTED 28.82%

SHORT INTEREST 149.47M (11/15/23)
% OF FLOAT SHORTED 27.73%

SHORT INTEREST 144.63M (10/31/23)
% OF FLOAT SHORTED 26.99%




SHORT INTEREST 127.83M (09/29/23)
% OF FLOAT SHORTED 23.85%

SHORT INTEREST 133.78M (09/15/23)
% OF FLOAT SHORTED 24.97%

SHORT INTEREST 120.69M (08/31/23)
% OF FLOAT SHORTED 22.53%

SHORT INTEREST 118.8M (08/15/23)
% OF FLOAT SHORTED 22.17%

SHORT INTEREST 111.75M (07/31/23)
% OF FLOAT SHORTED 20.91%

SHORT INTEREST 127.12M (07/14/23)
% OF FLOAT SHORTED 23.78%

SHORT INTEREST 120.85M (06/30/23)
% OF FLOAT SHORTED 22.61%

SHORT INTEREST 115.51M (06/15/23)
% OF FLOAT SHORTED 21.61%

SHORT INTEREST 120.08M (05/31/23)
% OF FLOAT SHORTED 22.50%

SHORT INTEREST 116.73M (05/15/23)
% OF FLOAT SHORTED 21.87%

SHORT INTEREST 105.98M (04/28/23)
% OF FLOAT SHORTED 19.86%

SHORT INTEREST 100.58M (04/14/23)
% OF FLOAT SHORTED 19.07%

SHORT INTEREST 92.76M (03/31/23)
% OF FLOAT SHORTED 17.63%

SHORT INTEREST 88.13M (03/15/23)
% OF FLOAT SHORTED 16.75%

SHORT INTEREST 80.72M (02/28/23)
% OF FLOAT SHORTED 15.33%
👍️0
WeTheMarket WeTheMarket 2 days ago
Steve, congratulations and good luck. The longest race I participated in, is the annual 10 Mile Army Run in Washington DC. I have traveled there a few times just for the race. I'm not competitive, and I did it just for fun, and this one is a very good one. It's always on Columbus Day Weekend, it's flat, starts at the Pentagon, passes by Arlington National Cemetery, the Washington Monument, several Smithsonian Museums, The Capital. The last time I ran it was a couple of years ago, I fell apart shortly after that, bad knees.
👍️ 1
scubastevemd scubastevemd 2 days ago
Less than 2 weeks to my #7 marathon. This one will be a fast one at Mt. Charleston north of Las Vegas. Hoping to finally qualify for Boston and get in before I fall apart.
👍️ 3
scubastevemd scubastevemd 2 days ago
I don't think they care about anything but being the best and dominating the world. Easier to do when people are controlled and not allowed freedom.
👍️ 1
SecondLife SecondLife 2 days ago
It looks like China knows where the future is for clean energy. https://www.chinadaily.com.cn/a/202403/22/WS65fcf2dda31082fc043be25e.html
👍️ 1
uksausage uksausage 2 days ago
they probably are.
they can consider just refueling - PLUG delivers liquid hydorgen to the facility which stores and dispenses like a distribution center but its trucks at 700 bar not forklifts
to have a 1MW electrolyser installed would be the next step up with a lot more balance of plant required for the water and electric feed.

Amazon seem to be considering it so fleets could be asking questions at least
👍️ 1
scubastevemd scubastevemd 2 days ago
Maybe Plug should be making contracts with major trucking companies to produce green hydrogen at their terminals? That would be a great market for us.
👍️ 1
WeTheMarket WeTheMarket 3 days ago
Related post from Stocktwits, courtesy of VampireSlayer.

Exciting quotes from video from owner/operator:

-Carriers are realizing that they can produce their own fuel so that's a big incentive for them that could result in a big market advantage.
-This is just the the first iteration of the iphone
-I rate it 99% out of 100% score
-Only about a 10% weight disadvantage.
-Only Nikola has worked out the problem that if the battery depletes the fuel cell keeps delivering power to the drivetrain.
-The industry knows that this is what's coming across the industry
-If you buy in California 90% of the cost is covered
👍️ 1
WeTheMarket WeTheMarket 3 days ago
Nikola hydrogen FCEV truck review, starts at minute 21:43 into the video.

FreightWaves
28.1K subscribers
Posted Mar 25, 2024

Dooner is talking to Coyote Container’s William Hall about the company’s Nikola Fuel Cell EV truck. Now that Coyote Container has had the truck in service, how is it performing under real loads and on really challenging roads like Donner Pass?

👍️ 2
uksausage uksausage 3 days ago
the stationary applications (Data centers direct power or standby, EV charging, peaker plants etc don't need to have production on site they will have to have LH2 tanks to store H2 to use and that can be filled from tankers.
I suspect the standby systems may not have electrolysers but others in the 2MW + size using H2 constantly will have on site generation and storage

given the current supply constraints of hydrogen it would certainly be in my sales pitch.

If only New York was online (it has 18 months once they restart with DOE Loan) things would be better for the country not just PLUG.
👍️ 2
WeTheMarket WeTheMarket 3 days ago
US to unveil final plans for $1bn subsidy scheme for clean hydrogen users by end of September
A Contracts for Difference-style scheme is being considered, controversial programme leader Ernest Moniz tells conference
21 March 2024
https://www.hydrogeninsight.com/policy/us-to-unveil-final-plans-for-1bn-subsidy-scheme-for-clean-hydrogen-users-by-end-of-september/2-1-1616309

A US government plan for $1bn of subsidies for clean hydrogen users will be finalized by the end of September, the programme leader told the CERAWeek energy conference in Houston this week.

Ernest Moniz, a controversial figure who was US energy secretary under President Barack Obama, was appointed by the Department of Energy in January to lead a consortium tasked with designing and implementing “demand-side support mechanisms for unlocking the market potential” of the seven Regional Clean Hydrogen Hubs.

In other words, to ensure that the clean H2 produced at these hubs — which are backed with $7bn of government grants — is actually sold.

“We want the supply and delivery infrastructure and demand to work together in a way that builds markets, gets costs down, and ultimately allows the market to run with the hydrogen economy towards a low-carbon future,” Moniz told delegates on Tuesday.

The consortium, known as the Hydrogen Demand Initiative (H2DI) is currently considering the best ways to use the $1bn of funding, he said.

One potential model under consideration, Moniz continued, was a Contracts for Difference-style scheme — which could pay users the difference in cost between grey and clean hydrogen — although he did add that it might “not be the right match here”.

Moniz is a controversial figure for several reasons. He has been accused of accepting Big Oil funding while in charge of the MIT Energy Initiative and consequently producing dubious studies that backed climate inaction and fossil-fuel initiatives such as carbon capture and fracking, while ignoring warnings on methane emissions while in government.

His appearance in the 2022 BBC documentary, Big Oil v the World, which covered the fossil-fuel industry's climate denial campaigns of the 2000s and 2010s, implicated Moniz as part of the conspiracy, particularly when he refused to answer questions on the matter.

The H2DI consortium is led by Moniz’s EFI Foundation, and includes market intelligence firm S&P (which, incidentally, runs the CERAWeek conference), financial exchange operator Intercontinental Exchange, the MIT Energy Initiative and law firm Dentons.
👍️ 1
WeTheMarket WeTheMarket 3 days ago
China's largest green hydrogen refuelling station is selling H2 at a seventh of the cost of the fuel in California
Sany claims its integrated production and fuelling complex supplies hydrogen at cost parity with diesel
15 March 2024
https://www.hydrogeninsight.com/transport/chinas-largest-green-hydrogen-refuelling-station-is-selling-h2-at-a-seventh-of-the-cost-of-the-fuel-in-california/2-1-1613409

The largest integrated green hydrogen production and refuelling complex in China is able to supply hydrogen at 35 yuan per kilo ($4.86/kg), near cost parity with diesel, according to reporting by the Chinese newspaper Hunan Daily.

Unlike the vast majority of China's hydrogen refuelling stations, engineering firm Sany’s filling spot in the city of Changsha, Hunan province, which entered into a testing phase this week, produces its own H2 onsite via alkaline electrolysers, thus avoiding transportation costs.

The electrolysers are capable of producing up to 180kg an hour, but the pumps can only dispense two tonnes per day — enough to fill up more than 100 vehicles.

By way of comparison, hydrogen fuel is being sold at the pump elsewhere in China for 75 yuan per kilo — which is still cheaper than in other countries. The largest H2 fuel market in the US, California, is currently seeing pump prices of $36/kg — more than seven times higher than the Changsha facility — while in Germany, Europe's largest market, current per-kg prices are between €12.85 and €15.75 ($14-16.60).

If the price of H2 fuel in China drops below 30 yuan per kilogram, such as via future technology upgrades, “hydrogen fuel vehicles are more competitive than diesel vehicles” even without subsidies, said Wang Zhimin, director of Sany Hydrogen Energy Hydrogenation Equipment Institute.

While hydrogen is often highlighted as a way to decarbonise heavy, long-haul transport, the switch from existing trucks will depend on logistics firms committing to high upfront costs or renting from emerging pay-to-use schemes such as a programme run by Shell in Germany.

However, because diesel is already a relatively expensive fossil fuel, particularly in markets with higher taxes, some green hydrogen investors have suggested that the cost gap is easier to bridge than with cheap natural gas or even grey H2, potentially making it an easier sell for use in road transport than by industrial offtakers.

But others have pointed out that most of the pump price at hydrogen refuelling sites is not based on the price of the H2 molecule, but the capex of the filling station as well as extra costs from compression and maintenance.

While Sany appears to be leveraging economies of scale, the 37-million-yuan station will not be open to the public but rather supply fuel-cell trucks used in company operations — which could limit its utilisation rate.

Similarly, although the engineering firm uses solar panels to power the electrolysers, it is unclear whether the complex has another source of renewable electricity or uses grid power for production during night.
👍️0
scubastevemd scubastevemd 3 days ago
I thought these stationary products produced their own hydrogen onsite. I also heard with the new Nvidia chips coming out they use 25% less power and will be sold to data centers. Of course, AI will demand much more power as it expands.
👍️ 1
WeTheMarket WeTheMarket 3 days ago
Green Hydrogen Will Become The 21st Century Version Of Oil
Ken Silverstein, Senior Contributor, I cover global energy and climate issues
Mar 18, 2024
https://www.forbes.com/sites/kensilverstein/2024/03/18/green-hydrogen-will-become-the-21st-century-version-of-oil/

When green hydrogen gets its legs, it will become the ‘new oil’—the energy source that drives the global economy. As such, countries are now preparing and forming international coalitions to position themselves for that future.

The quest to hit net zero by 2050 is generating interest in clean hydrogen, which also has the potential to decarbonize hard-to-abate sectors such as steel, chemicals, and shipping. While technology and clean energy prices are falling, they must decline more to complete this energy transformation.

"We need to reduce emissions and provide clean energy, which will require new investments in the technology and production of green hydrogen," says Fredrik Mowill, chief executive of Hystar, in an interview. "If you need clean energy, then green hydrogen is an important part of that transition. The money flowing in will create new jobs, technologies, and markets, tremendously impacting the entire value chain. We will spend less money on traditional carbon-based fuels, too."

The green hydrogen market will expand from about $1 billion today to $30 billion in 2030, according to MarketsandMarkets. Low renewable energy prices and advancements in electrolysis will drive the growth. However, a lack of transportation and storage infrastructure is a barrier. That’s why countries and companies are partnering to build economies of scale.

The advantages of hydrogen are that it is abundant, renewable, and non-polluting. But it is expensive to make, transport, and store.

Today, coal and natural gas reactions produce almost all hydrogen, referred to as "grey hydrogen," and do nothing to limit CO2 emissions. The goal is to create hydrogen from low-carbon sources, or "green hydrogen."

For example, the United Arab Emirates targets a 25% global market share of low-carbon hydrogen by 2030. It is joining forces with Germany to expand its portfolio. Furthermore, Japan announced a $100 million investment to convert fossil-fired plants into ammonia and hydrogen-based plants. South Korea, meanwhile, has set aside $40 billion to expand its hydrogen infrastructure by 2040—from production tools to fuel cells to filling stations.

"As a result of this energy transition and increased investment in green hydrogen, we are seeing international consortiums in the United States, Australia, and the Middle East," says Mowill. “The challenge is to scale up and meet the demand."

Scale Is The Goal
Consider: Solar panels may create excess power—energy stored in a battery and used in an electrolyzer to make pure hydrogen and produce electricity. The electrolyzer creates an electric current to split the hydrogen and oxygen from water.

To that end, the Norwegian energy conglomerate Equinor is working with Hystar to test electrolyzers associated with offshore wind power. Plug PowerPLUG -5%, and Fortescue Future Industries are partnering to build a gigafactory in Queensland, Australia, to produce those devices. European and Asian companies are deploying Enapter's electrolyzer. Hydrogen Insights 2023 says manufacturers had $8 billion of electrolyzers in the queue through October 2023.

Cost is the obstacle. Scale is the goal. Steel and shipping are among the most complex sectors in which to decarbonize. Enter green ammonia, an interim step for industrial users—a fuel that wind and solar power can produce and that traditional engines or fuel cells can use. Traditionally, industries burn gas to boil water to make steam or coal to heat a boiler, which uses a lot of fuel and creates too many emissions.

DNV GL predicts widespread adoption of ammonia fuel will begin in 2037 — expected to make up 25% of the maritime fuel mix by 2050; shipping comprises 13% of all transportation-related CO2 releases. Samsung Heavy Industries, Lloyd’s Register, and MAN Energy Solutions are developing an ammonia-fuel ship.

Steel is also hard to decarbonize—a $1 trillion industry contributing about 7% of global greenhouse gas emissions. Germany's Uniper focuses on producing hydrogen from green sources, while Salzgitter is a vast steel maker that wants to produce steel using green hydrogen. In this case, Uniper is developing green hydrogen projects to convert green ammonia back to hydrogen.

DNV GL says, "Green hydrogen from electrolysis will be the main long-term solution for decarbonizing hard-to-abate sectors."

Suppose green hydrogen hits its potential: Manufacturers could reduce their production costs and emissions—a win-win in a competitive global economy. That’s the force behind many international partnerships and why green hydrogen may likely become this century’s energy king.
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B_B! B_B! 4 days ago
the world adds a new data center every three days

Big Tech’s Latest Obsession Is Finding Enough Energy
Katherine Blunt and Jennifer Hiller Sun, March 24, 2024

HOUSTON—Every March, thousands of executives take over a downtown hotel here to reach oil and gas deals and haggle over plans to tackle climate change. This year, the dominant theme of the energy industry’s flagship conference was a new one: artificial intelligence.

Tech companies roamed the hotel’s halls in search of utility executives and other power providers. More than 20 executives from Amazon and Microsoft spoke on panels. The inescapable topic—and the cause of equal parts anxiety and excitement—was AI’s insatiable appetite for electricity.
It isn’t clear just how much electricity will be required to power an exponential increase in data centers worldwide. But most everyone agreed the data centers needed to advance AI will require so much power they could strain the power grid and stymie the transition to cleaner energy sources.
Bill Vass, vice president of engineering at Amazon Web Services, said the world adds a new data center every three days. Microsoft co-founder Bill Gates told the conference that electricity is the key input for deciding whether a data center will be profitable and that the amount of power AI will consume is staggering.

“You go, ‘Oh, my God, this is going to be incredible,’” said Gates.
.....
https://finance.yahoo.com/news/big-tech-latest-obsession-finding-110000070.html
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uksausage uksausage 4 days ago
200 kW seems to be the sweet spot for Class 8 trucks and the likes (waste management trucks, excavators etc.) the 150 kW in a Progen engine is obviously being used in Last mile delivery, buses and smaller vehicles.

Assuming PLUG are close to having 200+ kW they will need to decide so they integrate into a drive train/engine compartment like Bosch/Nikola and Hyzon or keep it separate and supply the electricity indirectly. Ballard have the widest range of high power solutions for buses, trains, ships and I have a feeling that is the sort of market Plug would like to address next, may be in tandem with SK and BAE Systems where buses are already being powered.

However you have to ask how much it will cost to prepare and launch any new product given the current financial situation. Cash should be available by the end of 2025, assuming the DOE loan starts supplying some funds in Q3 this year.. future opportunities will slip in line with that
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WeTheMarket WeTheMarket 4 days ago
UK, I don't know if you follow Hyzon, but they claim significant advantages by incorporating a single larger 200kW fuel cell into Class 8 trucks vs. two 110kW fuel cells, and that 200kW seems to be the sweet spot. I believe Nikola Class 8 trucks use Bosch 200kW fuel cells.

Recent Hyzon article:

Hyzon Brings Zero-Emission Alternatives to Long-Haul Operators
March 20, 2024
U.S.-developed 200kW fuel cell technology offers smaller, lighter, and more fuel-efficient options for commercial trucking.
https://www.newequipment.com/industry-trends/news/21284976/hyzon-hyzon-brings-zero-emission-alternatives-to-long-haul-operators

Relevant quote:

"Reaching 200kW fuel cell power typically requires two smaller units, but Hyzon managed to engineer its system to be 30% lower in weight and volume and ~25% lower in total fuel cell system cost compared to two of the company's 110kW fuel cell systems combined. By integrating high-power, compact fuel cell systems into familiar vehicle builds, Hyzon plans to offer a zero-emission option to fleets that can match the operational expectations of a diesel truck."
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uksausage uksausage 5 days ago
Been waiting for some indication that our R&D is delivering. currently everything is based on the 150 kW fuel cell… just line them up in parallel to get more power.
if they have a bigger power same size cell then introducing it into the ProGen engine for vans/trucks and stationary power solutions would be “easy”.

I wonder if any analyst has spotted this for Q1 earnings call questions….

Mind you with current expense controls I don't expect to see anything come out of the lab this year unless paid for by a trial customer
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WeTheMarket WeTheMarket 5 days ago
Repost from FCEL board, courtesy of JohnnyHydrogen.

Green Hydrogen Tax Credit: 45V Answers Expected Soon

https://www.jdsupra.com/legalnews/green-hydrogen-tax-credit-45v-answers-7160473/

Big hearing on Monday.

Manchin wrote a beautiful 45 V tax credit which was fair to everyone and which would have been great for hydrogen. This was after much negotiation. Then the Biden-Harris administration jobbed everybody except for solar industry with an unprecedented move which kneecaped the entire H2 industry. Now we wait to see how it will all play out. It is what it is
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B_B! B_B! 5 days ago
Yahoo Finance
https://finance.yahoo.com/quote/PLUG/key-statistics
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WeTheMarket WeTheMarket 5 days ago
BB, where do you get the "Implied Shares Outstanding 720.37M" from?
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B_B! B_B! 5 days ago
Shares Outstanding 684.25M
Implied Shares Outstanding 720.37M (before 684.25M)

https://finance.yahoo.com/quote/PLUG/key-statistics
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WeTheMarket WeTheMarket 5 days ago
BB, great find. Intriguing quote from the article: "Plug Power is working on new, larger hydrogen fuel cells for commercial trucks, data centers, and, one day, mini power plants that would replace gas-fired turbine plants."
Link https://www.timesunion.com/business/article/plug-power-s-big-news-firm-moving-hq-bethlehem-19318269.php
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B_B! B_B! 6 days ago
Last year the gas companies were very successful in delaying the energy transition, by sabotaging the hydrogen supply.
I don't think anyone will dare to rely on hydrogen backup/stationary power, until there is abundant/guaranteed hydrogen supply.


03/07/24 Post #55831
Initial tests of green hydrogen fuel cell systems as backup power in April/May, I think.

Plug Power Resolves ‘Going Concern’ Doubts as 2023 Revenues Increase by 27%
March 7, 2024
…..
During the earnings call with analysts, the company also said it is “engaged and planning” with “the three major data center operators” without naming them. It expects the demand for its green hydrogen fuel cell systems as backup power for data centers to rise, driven by artificial intelligence’s need for higher computing.

The company added that initial tests are planned for 2024, with significant deployments at scale anticipated in late 2025, as major data center operators like Amazon, Microsoft, and Google aim to reduce their carbon footprint and diesel usage.
…..
https://www.mercomindia.com/plug-power-resolves-going-concern-doubts
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B_B! B_B! 6 days ago
The news about Plug Power’s expansion in the town of Bethlehem comes two weeks after Albany County Executive Dan McCoy said during a radio interview that he had a huge announcement to make about the company, without providing details.
.....
“You start rattling off bad things, I would probably say, yeah, that was a bad thing,” Marsh said. “But when you are creating something where nothing existed before, you are going to run into unknown challenges.”
https://www.timesunion.com/business/article/plug-power-s-big-news-firm-moving-hq-bethlehem-19318269.php
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Jack_Bolander Jack_Bolander 6 days ago
What a NOTHING BURGER !

Is this the "BIG NEWS " the County Official was hinting about ?

Is this positive or negative to the Bottom Line ?

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B_B! B_B! 6 days ago
Plug Power's big news: Firm moving HQ to Bethlehem
1 hour ago Larry Rulison
https://www.timesunion.com/business/article/plug-power-s-big-news-firm-moving-hq-bethlehem-19318269.php
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Jack_Bolander Jack_Bolander 6 days ago
Banger - Until there is a comparative positive ROI for Hydrogen/Fuel Cells, no company with an eye to the bottom line is going to buy into an "Application" which doesn't make sense (Cents?). For disciplined companies the Bottom Line always wins.

This explains why GSE's / Mulag never took off (pun intended). I was at CERAWeek this week and Alternatives and Hydrogen were not the talk this year as they have been in the past. Yes they were on the agenda, but in the break sessions, you didn't hear them mentioned as they had in recent years.

By now the major players have run the numbers for their possible hydrogen "Applications " and they are not compelling . Perhaps the 45v rules will make some applications achieve a comparative positive ROI, but until those rules are out , the numbers run , and the "Applications" tested, we may be waiting decades for Data Center and other marginal applications.
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uksausage uksausage 6 days ago
It was only 2 years ago - maybe only 18 months. The Microsoft project at Albany proved that xMW of fuel cells could run for 48 hours straight supplying the right power needed for data centers. Caterpillar with Ballard have completed the same test as part of a DOE grant with Microsoft.
The plan as laid out then was for a gen 2 system to be installed at a test site for Microsoft AFAIK that was done last year (3MW I think), a prototype (1MW) was delivered to another Datacenter customer though so at least one stationary system is in operation. Similarly the EV charging system has at least one early customer installation.

The next generation of large stationary systems with better integration of components and packaging was scheduled for this year and would involve an installation at a Microsoft DC of their choosing and hopefully multiple EV charging locations. If successful this would then start the commercial discussions about pricing and roll out (I suspect with at least one other but more likely two other companies. - Bloom and Caterpillar/Ballad) so roll out would be 2026 at the earliest. Until there is is sufficient guaranteed hydrogen supply they aren't going to do many and the costs of these systems needs to come down before they make commercial sense compared with Diesel. or Nat gas systems.

As with so many of the “Applications” as PLUG likes to call them scale will matter, only material handling with the thousands a year of fuel cells have shown to be able to be priced competitively.

The strategy set out 3 years ago focussed on producing the H2 that the country needs now so that when the applications are commercially viable there is the H2 to meet demand. With the production plants now 24 months behind the original timeline we have seen even material handling sites pushed back due to uncertain H2 supply. (not just from PLUG)

The govt needs to urgently get H2 production up and running hence the DOE loan for PLUG.
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scubastevemd scubastevemd 6 days ago
Did we not hear the same thing from Microsoft like 3 years ago and nothing ever happened despite us making prototypes for them. Not saying it did not help push the technology, but what of the 1 trillion-dollar market have we captured?
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