ADVFN Logo
Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Plug Power Inc

Plug Power Inc (PLUG)

2.02
-0.28
(-12.17%)
Closed December 04 4:00PM
2.0579
0.0379
(1.88%)
After Hours: 7:59PM

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
2.0579
Bid
2.04
Ask
2.06
Volume
90,739,687
2.00 Day's Range 2.25
1.60 52 Week Range 5.14
Market Cap
Previous Close
2.30
Open
2.24
Last Trade Time
Financial Volume
$ 192,320,961
VWAP
2.1195
Average Volume (3m)
50,365,663
Shares Outstanding
911,196,936
Dividend Yield
-
PE Ratio
-1.34
Earnings Per Share (EPS)
-1.5
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
-
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 $2.30. Over the last year, Plug Power shares have traded in a share price range of $ 1.60 to $ 5.14.

Plug Power currently has 911,196,936 shares outstanding. The market capitalization of Plug Power is $2.10 billion. Plug Power has a price to earnings ratio (PE ratio) of -1.34.

Plug Power (PLUG) Options Flow Summary

Overall Flow

Bullish

Net Premium

83k

Calls / Puts

100.00%

Buys / Sells

100.00%

OTM / ITM

100.00%

Sweeps Ratio

0.00%

PLUG Latest News

Plug to Participate in the Jefferies Renewables & Clean Energy Conference 2024

SLINGERLANDS, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it will...

Plug Power Hosts 2024 Plug Symposium

With the theme “Plug Doing Real Things,” the event highlights how Plug is laying the groundwork for the next five years Plug targets ~30% CAGR for Energy and Applications businesses from 2025 to...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.1221-5.600917431192.182.442.015569105942.20197716CS
4-0.3321-13.89539748952.392.621.79650575282.05308657CS
120.327918.95375722541.732.621.64503656632.090056CS
26-1.4071-40.60894660893.4653.551.6421980922.24698908CS
52-2.5421-55.26304347834.65.141.6410703952.88646109CS
156-34.4221-94.358826754436.4837.081.6282268819.38479162CS
260-1.3421-39.47352941183.475.491.62739324516.01771373CS

Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
ZJKZJK Industrial Company Ltd
$ 17.185
(171.06%)
28.12M
CTNTCheetah Net Supply Chain Service Inc
$ 4.81
(157.22%)
111.61M
ORISOriental Rise Holdings Ltd
$ 11.11
(69.10%)
1.47M
JYDJayud Global Logistics Ltd
$ 1.1299
(68.62%)
10.79M
GWAVGreenwave Technology Solutions Inc
$ 0.6078
(66.52%)
512.26M
REVBRevelation Biosciences Inc
$ 0.504151
(-46.93%)
6.04M
OMEXOdyssey Marine Exploration Inc
$ 0.4201
(-43.63%)
4.83M
RITRReitar Logtech Holdings Ltd
$ 2.68
(-38.39%)
1.25M
XCURExicure Inc
$ 14.05
(-37.00%)
428.68k
AGFYAgrify Corporation
$ 32.72
(-36.69%)
283.41k
GWAVGreenwave Technology Solutions Inc
$ 0.6078
(66.52%)
512.26M
SMCISuper Micro Computer Inc
$ 40.21
(-4.26%)
200.61M
NVDANVIDIA Corporation
$ 140.26
(1.18%)
162.81M
INTCIntel Corporation
$ 22.47
(-6.10%)
135.91M
CHRSCoherus BioSciences Inc
$ 1.7001
(24.09%)
113.52M

PLUG Discussion

View Posts
tdtcal tdtcal 5 hours ago
From a start in 2023....Plug Lands Three Electrolyzer Deals for European Green Hydrogen Projects in Hard to Decarbonize Industries
May 22, 2023

Plug will deliver 5MW containerized electrolyzer modules for first-ever use of industrial-scale green hydrogen in glass manufacturing, aluminum recycling, and steel manufacturing processesLATHAM, N.Y., May 22, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, landed three five megawatt (MW) electrolyzer projects with Ardagh Glass Limmared AB, Hydro Havrand, and the APEX Group for the first-ever use of industrial-scale green hydrogen in glass manufacturing, aluminum recycling, and steel manufacturing processes. Plug is the only company offering 5MW containerized PEM electrolyzers today.
👍️ 1
williamjr williamjr 6 hours ago
$Plug : The Electrolyzer : https://fuelcellsworks.com/2024/12/03/clean-technology/ardagh-glass-packaging-pioneers-hydrogen-energy-mix-from-onsite-electrolyser
👍 2
WeTheMarket WeTheMarket 6 hours ago
Jammy and Staynaflot, unfortunately I believe JB is correct, Tesla/Elon Musk is not developing an hydrogen car, and has no plans to do so anytime soon. It started as an April Fools Day joke by Elon Musk two years ago, and since then, from time to time you see articles on the web, probably AI generated, that continue to spread the rumor.
👍️0
williamjr williamjr 6 hours ago
$Plug customer
https://www.ardaghgroup.com/2024/ardagh-pioneers-onsite-hydrogen-energy/

last year release
https://www.ir.plugpower.com/press-releases/news-details/2023/Plug-Lands-Three-Electrolyzer-Deals-for-European-Green-Hydrogen-Projects-in-Hard-to-Decarbonize-Industries/default.aspx
👍️0
staynafloat staynafloat 7 hours ago
Here is another report of it.

https://www.ecoticias.com/en/elon-musk-tesla-hydrogen-technology/9198/
👍️0
Jack_Bolander Jack_Bolander 9 hours ago
jammy - We have ALL heard that they did. The April Fools Joke has gone viral, but that doesn't make it true.

Is the anything on Tesla's website ? Any quote / confirmation from any Tesla official ?

That would be a value added post by you.
👍️0
jammy32 jammy32 10 hours ago
I heard they did
👍️0
scubastevemd scubastevemd 14 hours ago
Anyone know what happened to this deal with APEX? Apex Clean Energy: Plug Power has partnered with Apex Clean Energy on a 345 MW wind power purchase agreement (PPA) to supply a new hydrogen production plant with 100% renewable power. This plant will be the first and largest wind-supplied hydrogen project in the United States
👍️0
uksausage uksausage 14 hours ago
PLUG have spent their $4Bn on building out manufacturing capacity, global alliances (some paying off some not) and time wasting on their own US Production facilities due to regulations and permitting (NY Stamp may ever be permitted)
May be some other companies want to join with PLUG to fund the currently planned sites like Graham Texas and Georgia 2. doing it all by yourself is sort of greedy - Sanjays biggest vice I know of
👍️ 1
mikman77 mikman77 15 hours ago
Cause andy marsh paul n sanjay are worried only for get rich schemes for themselves!!
👍 1
scubastevemd scubastevemd 15 hours ago
AES Corporation and Air Products are planning to invest $4 billion in a green hydrogen production facility in Texas2. Not sure why Plug cannot do this?
👍️ 2
Jack_Bolander Jack_Bolander 2 days ago
Here's an interesting read:

https://finance.yahoo.com/news/air-liquide-share-buyback-074500050.html

Air Liquide loves Air Liquide's own stock.

A great investment.
👍️0
Jack_Bolander Jack_Bolander 2 days ago
Mac - Fake News.

No one at Tesla has ever said anything about this change.
👍️0
Mac1957 Mac1957 2 days ago
https://mitechnews.com/featured/elon-musk-says-hes-leaving-electric-vehicles-behind/
👍️0
WeTheMarket WeTheMarket 3 days ago
Interesting presentation on the benefits of the Inflation Reduction Act (IRA) by Ethan Zindler, US Department of the Treasury
Sep 18, 2024

https://www.brookings.edu/wp-content/uploads/2024/09/2024-09-18_Brookings_for_delivery.pdf
👍️0
Sauerkraut Sauerkraut 4 days ago
Might be better if Butt acquires Plug and name it accordingly...... 

Sorry I'm long here but(t) couldn't resist.

Glta
😂 1
WeTheMarket WeTheMarket 5 days ago
Amazon Advances Green Logistics with On-Site Hydrogen Production at Colorado Facility
November 28, 2024
https://fuelcellsworks.com/2024/11/28/clean-energy/thursday-throwback-story-amazon-advances-green-logistics-with-on-site-hydrogen-production-at-colorado-facility

Amazon, in partnership with Plug Power, has taken a significant leap forward in its green logistics initiative by inaugurating its first on-site hydrogen production facility at a fulfillment center in Aurora, Colorado. This pioneering step, unveiled at the end of last year, demonstrates Amazon's commitment to sustainable practices and its strategy to decarbonize operations by 2040.

The new facility features a one-megawatt (MW) proton exchange membrane electrolyzer, capable of producing low-carbon hydrogen to fuel over 225 hydrogen fuel cell-powered forklift trucks at the site. Designed to support up to 400 forklifts, the electrolyzer represents a move towards more efficient and environmentally friendly operations. This development is a part of Amazon's broader goal to match its electricity use with renewable energy by 2025 and achieve net-zero greenhouse gas emissions by 2040.

Asad Jafry, Amazon’s director of global hydrogen economy, expressed his enthusiasm for the project: “Hydrogen is an important tool in our efforts to decarbonize our operations by 2040 in support of The Climate Pledge, and we’re excited about our ability to produce hydrogen at Amazon facilities through this partnership with Plug.”

The Colorado facility marks Amazon's first venture into on-site hydrogen production, a move that significantly enhances energy efficiency. The partnership between Amazon and Plug Power has already seen the deployment of over 17,000 fuel cells for forklifts across more than 80 fulfillment centers in North America. However, traditionally, hydrogen for these fuel cells was produced off-site and transported to the centers, a process that involved liquifying and trucking the hydrogen.
👍 2
WeTheMarket WeTheMarket 7 days ago
Repost form FCEL board, courtesy of Maximilliano.

Trump's announcement said the council "will consist of all Departments and Agencies involved in the permitting, production, generation, distribution, regulation, transportation, of ALL forms of American Energy."

https://www.axios.com/2024/11/26/trump-ai-czar-role-elon-musk
👍️0
scubastevemd scubastevemd 1 week ago
Well, the Rivian plant just got $6 billion to finish their Ga. factory. So, since the Government is tossing money at lost causes they just as well can send us 1.6 billion.
👍️ 2
jammy32 jammy32 1 week ago
I agree with you that PLUG will be bought
👍️0
B_B! B_B! 1 week ago
Toyota will acquire Plug Power and rename it 'Plug Toy' 🤣
👍 2
Jack_Bolander Jack_Bolander 1 week ago
jammy - We disagree !

No one will buy PLUG.

There is too much baggage and limited upside.
👍️0
jammy32 jammy32 1 week ago
I agree with you. Tesla is buying PLUG. Nice
👍️0
scubastevemd scubastevemd 1 week ago
I have owned Plug for I think 12 years starting with a small investment I got to 30K and then added a bunch rolling over retirement money on the way down from $75 in the mid $40's, Most all of that gone and about to be 70. So, my timeframe to recoup what I lost is much different than a 20-40 year old.
👍️ 1
mikman77 mikman77 1 week ago
Good post Uk
IMO Paul and andy are jointed at the hip...as.. hole buddies...They are all multi millionaires and arent too interested in shareholders ...arrogant and gonna do what they want despite their obligations...George prolly has no clue or cares too....shame ..im hoping for a run in the next few years and get out...if im still above ground....otherwise kids can decide
👍️ 1
uksausage uksausage 1 week ago
How can the board of directors justify giving Paul Middleton another 1m plus shares just to stay?
If he was thinking of leaving he should be let go. It sounds like he has special internal knowledge that makes him vital moving forward . May be the messy PPA agreements or interpretation of 45V and tax credit regs , his list of sources of capital/financing should the DOE loan be delayed and of course the things needed to secure that loan.

George McNamee should be embarrassed and stand down. The chairman of the board is more responsible to investors than the CEO and he has done nothing to fix the decision making in the C Suite.


https://ih.advfn.com/stock-market/NASDAQ/plug-power-PLUG/stock-news/94982472/form-4-statement-of-changes-in-beneficial-owners
👍️ 2
Jack_Bolander Jack_Bolander 1 week ago
mid - There won't be any Tesla  news or Exxon or Conoco either.

The Tesla story is just that, and April Fools joke that has taken life, but is just fiction.
👍️0
madeindet madeindet 1 week ago
I was thinking Tesla news
👍️0
Studer Studer 1 week ago
If you have paid any attention to my "Studer" posts, you know I couldn't be more positive on PLUG. I can certainly see the negative side of PLUG, but I would hate to see someone wait all these years and not reap a large profit on your investment. You know how PLUG is, about the time you sell, they will announce some colossal deal with Conoco Phillips or Exxon Mobil, quadrupling in price overnight. Oh well, like they used to say at work; "just do the best you can."
👍️0
scubastevemd scubastevemd 1 week ago
At this point I'm just waiting to see what happens with the loan and 45V to see if we get a bump and then I will make my final decision.
👍️0
Studer Studer 1 week ago
As you said, Motley Fool and Jack Bolander have been right the past four years. Your posts always have the negative slant to them. Why would you want to remain frustrated for another 5 years, until 2029? IMHO, if I were you, I would go ahead and sell all of your PLUG stock. And don't look back, don't watch the price go up later on ...........just forget about it. I think you would live longer.
👍️0
scubastevemd scubastevemd 1 week ago
As much as I dislike MF and their articles, they have been mostly right these last 4 years and now saying no profits until 2029. If that is the case, then is it really worth holding PLUG or any stock as it is likley to be dead money for the next 5 years?
👍 1
scubastevemd scubastevemd 1 week ago
Well, all and good, but what have we made versus what have we spent and what is the payback and when? Is it worth it and how much focus does it take away from the core business?
👍️0
WeTheMarket WeTheMarket 1 week ago
Mission Hydrogen webinar "Hydrogen EPC - Real life experience", Wed. Nov 27, 10 am ET.
Link to register https://event.webinarjam.com/register/963/44lyrhxq7

What You Will Learn In The Webinar

One of the most pressing challenges in the hydrogen industry is bridging the gap between theory and practice. How do you move from ambitious PowerPoint plans to fully operational hydrogen projects? What does it take to turn blueprints into reality?

In this webinar, John Cornish, owner, President, and General Manager of Engineering, Procurement & Construction, LLC, will share his unparalleled expertise from over 20 years in the field. With 120+ hydrogen projects completed, John has firsthand experience in designing, building, and commissioning hydrogen infrastructure across the U.S. His work has been instrumental in producing tens of thousands of kilograms of clean hydrogen daily.

This webinar is your chance to learn from someone who knows how to get things done—from handling safety protocols and dealing with notified bodies to troubleshooting the inevitable challenges of real-world hydrogen projects.

Here’s what you will learn:
- Turning Plans Into Reality: Practical insights on building hydrogen infrastructure, from manufacturing to commissioning.
- Ensuring Safety and Compliance: How to navigate regulations, work with fire marshals, and meet safety standards.
- Troubleshooting Real-World Challenges: Discover strategies to overcome common hurdles in hydrogen projects.
- Case Studies Across the U.S.: Learn from John’s projects in states like California, Colorado, Hawai’i, and Wyoming.
- Lessons from 20+ Years of Experience: Why no hydrogen project is without issues—and how to solve them effectively.
👍️0
NomadMeteor6 NomadMeteor6 1 week ago
Plain and simply the only reason Plug stock is down it'd be cool people worried about their earnings the Norwegian bank that has 88 million shares of Plug Power stock will not let them go under they make 88 million dollars every time it goes up $1 a share it was almost 9% interesting plug and the fact that they only buy stocks that are long-term winners if you are long this is only going to go up and plug is taking over the world and it will show on their stock and to be worried about going under they will always be able to get money because they will make money someday that's why the bank bought their stock
👍️ 1
Studer Studer 1 week ago
WeTheMarket: "Each compressor weighs 91 tons" Great video !!! None of us are understanding the scope of the Plug Power business model. I know, I know, they are not making money yet and a host of other negatives. Look at the investment Burckhardt has made to support Plug Power; incredible. Thank you WTM !!!
👍️ 2 💯 1
WeTheMarket WeTheMarket 2 weeks ago
Plug Power and Burckhardt Compression complete H2 liquefaction
21 Nov 2024
https://h2-tech.com/news/2024/11-2024/plug-power-and-burckhardt-compression-complete-h-sub-2-sub-liquefaction/

Making green H2 a readily available fuel relies on rapidly building production facilities. Companies like Plug Power are leading the way, creating an end-to-end green H2 ecosystem. In this environment, effectively delivering sufficient H2 relies on large reciprocating compressors, which is why Plug Power has partnered with Burckhardt Compression, a leading supplier of compression solutions for sustainable applications, to provide specialized equipment for new projects.

Green H2 is produced from water by splitting the H2 and oxygen molecules using electrolysis. This process is powered by renewable energy sources such as solar, wind or hydro, and when the resulting gas is utilized in a fuel cell system, the only emission is water. Consequently, green H2 promises to decarbonize industry, vehicles, and the way we produce fuel. There is a catch though - H2 is an incredibly light gas which makes it challenging to deliver it in required quantities to the consumer. Therefore, it must be compressed, or like in this case, even liquefied before transport to filling stations.

Oliver Franz, Sales Manager H2 for Mobility & Energy at Burckhardt Compression, said, “To move large quantities of H2 efficiently, ring type compressors are a better choice than centrifugal. Our designs offer industry leading efficiency, which is an advantage especially in a renewable energy project where maximizing production output versus power consumed is crucial.”

Considering this, Plug Power approached Burckhardt Compression to deliver a large quantity of H2 piston compressors in a phased order to support the construction of multiple new H2 liquefaction facilities. The first phase of compressors required the Burckhardt Compression team in the U.S. to quickly grow its capacity.

“We have operated a facility in Waller, Texas, for eight years now, and assembling the piston compressors required for the project on-site meant we had to expand. Each compressor weighs more than 200,000 pounds (91 tons), which exceeded the capacity of our cranage. Beyond equipment upgrades, we also needed to bolster our team,” said Michael Ciambella, Compressor Engineering and Manufacturing Manager.

Increasing capacity and expertise. The expectations from Plug Power were high and Burckhardt Compression planned to exceed them. Ramping up assembly was dependent on the ability to move around a fully built compressor to enable assemblies to be executed in parallel. Burckhardt Compression invested in a hydraulic gantry crane system with a 1-million-pound (450 ton) lifting capacity, which would allow the safe, slow movement of the compressors across the workshop. The company worked with experts to install and supervise all lifts during the project.

The investments paid dividends, as Michael confirmed, “We were able to grow our assembly capacity at Waller by 50%, which allowed us to effectively meet the first phase of compressors and any afterwards. The assembly turnaround time for each compressor was reduced from six weeks down to four, and sometimes we delivered even faster than that! We managed to complete the first phase three days ahead of schedule with zero safety incidents."

Eleven new personnel joined the team too, including a consultant and a project lead with 20-yr experience in compressor projects. As a global company, the U.S. team also received training from a Burckhardt Compression expert from Switzerland, who joined the company for six weeks to ensure transfer of know-how for the assembly work. Components for the compressors would be manufactured in Switzerland and delivered to the team in the U.S.

Specifically designed for H2. Burckhardt Compression was able to design a dry running piston compressor with a highly variable turndown arrangement to exactly meet customer needs. This will allow operators to match the compressor’s performance to the process requirements without any wasted energy.

Michael continued, “This is a dry design to ensure that no lubrication oil can contaminate the H2 and reduce fuel quality. With large diameter pistons for the first stage, there is a lot of heat from frictional forces, so the rider band must be able to withstand this and provide a long service life. We use proprietary polymer materials we have developed in-house. This enables over a year of operation before maintenance is required, which is unsurpassed in terms of uptime.”

The minimal weight pistons were designed with energy saving in mind, while still ensuring enough strength to compress the H2. Compressor chambers are fitted with a fixed pocket, which can expand to increase internal space. Specially developed pressure packing further contributes to an extended service life. Ultimately, the design philosophy is to find the sweet spot in terms of gas temperature and required production output for the customer.

A monitoring solution from Burckhardt Compression’s digital experts PROGNOST Systems is also included. A suite of sensors constantly delivers data regarding the performance of suction and discharge valves, bearing temperatures and rod drop. Consequently, operators can monitor equipment condition and predict any preventative maintenance measures steps needed, improving uptime.

Great expertise for a new market. As of Q1 2024, Burckhardt Compression has successfully delivered the first order and has more projects underway. Following the expansion of its team and facilities, this partnership has let Burckhardt Compression lead the way in H2 production.

A significant factor in the success of this partnership has been the readiness of Burckhardt Compression's service and its flexibility to operate both within and outside the country, thanks to the extensive setup in the U.S. This ability instilled confidence in Plug Power to opt for the ‘new’ technical solution. Burckhardt Compression's ability to provide reliable and efficient services, coupled with the commitment to customer satisfaction, has played a crucial role in the successful implementation of these projects.

Michael added, “We have 175 years of knowledge in compressors and over 50 years’ experience in H2, so we can bring great expertise to a relatively young market. Our products support the entire H2 value chain, from production operations all the way to the forecourt. Burckhardt Compression even supports third-party compressors with modernization solutions, tailored services and high-speed replicated parts. We are certain that the quality of our work speaks for itself, and that we can continue to support landmark renewable projects such as this.”

"Although the energy transition brings forth exciting opportunities, the challenges that it presents can be daunting to our customers. With a customer intimacy culture within Burckhardt Compression (U.S.), Inc., we are committed to delivering the best business solutions for our partners such as Plug Power. Our successful completion of the first phase of units is an excellent testimony to Burckhardt Compression's customer collaboration, product leadership, technical expertise and project capacity. We are super excited about our proven products and services supporting a sustainable energy future," concluded Annie Savarimuthu, VP Systems Division, Burckhardt Compression (U.S.) Inc.

Burckhardt Compression has released an exclusive timelapse video of the compressor lifting process at its facility, which can be viewed here:
👍️0
WeTheMarket WeTheMarket 2 weeks ago
Steve, a drone video was posted yesterday by Plug Power partner HevenDrones (below is PR on partnership).

Plug Power Enters Alliance with HevenDrones to Commercialize Hydrogen Drones
October 19, 2021
https://finance.yahoo.com/news/plugpower-enters-alliance-hevendrones-commercialise-162236960.html

Hydrogen Horizons: HevenDrones Take Flight - Weapon Of The Week

Weapons and Warfare
2.55K subscribers
Premiered Nov 22, 2024

HevenDrones has made headlines with the unveiling of their new hydrogen-powered drone, the H2D250, which promises to revolutionize aerial transport while significantly reducing carbon emissions. This cutting-edge drone features an innovative hydrogen fuel cell system, allowing it to fly longer distances and carry heavier payloads compared to traditional battery-operated models. As environmental concerns mount, this launch positions HevenDrones as a leader in sustainable technology. However, experts are urging caution, emphasizing the need for robust safety measures and infrastructure to support hydrogen fuel usage.

👍 2
bwrbad bwrbad 2 weeks ago
plug power or power plug
👍️0
scubastevemd scubastevemd 2 weeks ago
And so, Plug's answer is to make Sanjay President? Seems about par for the course. I feel at this point with that 200 million deal at $2,90 that as soon as either we get the DOE loan or 45V passed they sell out and we are capped. Funny, how we had the funds for 4 plants and then it is all gone and 1 completed so far beyond Tn. which we bought. We wasted so much money on the huge giga factory we just had to have and all the obsolete products sitting in inventory.
👍 2
WeTheMarket WeTheMarket 2 weeks ago
Steve, there is little to no market because hydrogen is currently hard to come by, especially clean hydrogen. Plug Power is trying to solve the clean hydrogen supply problem, severely impacted right now by the terrible decision by Sanjay to abandon the plans for the hydrogen production plant in Pennsylvania, and the delay by the Treasury Department releasing the final 45V guidelines, hopefully in line with the intent of the IRA without the 3 pillar requirements.
👍 2
KingRichard3rd KingRichard3rd 2 weeks ago
Way Out with Jurriaan Kamp
Plug Power
Sunday, November 24, 07:00 pm on PBS SoCal Plus

https://www.pbssocal.org/schedule
Jurriaan Kamp advocates for sustainability, climate change, the environment, health, and human rights.
👍️ 1
scubastevemd scubastevemd 2 weeks ago
So, if there is little to no market and H2 is so hard to come by why not stop wasting any money on Hyvia. Should we not just cut our losses at this point? What about drones? What has ever become of that market? Andy's idea of throwing money at everything has failed. So, let's do what is profitable and get rid of the rest.
👍 1
Studer Studer 2 weeks ago
To "Jack" & "WeTheMarket" : Looks like a "Stalemate" to me. WeTheMarket posted an excellent article on Daimler hydrogen trucks and Jack comes back with Dresden Institute Energy study on battery trucks. The money talking behind the articles is what is important and each of us have to draw our own conclusions. I certainly will not be selling any Plug Power stock for tax loss selling at the end of the year. Now that is a "mind boggling stupid idea" if I ever heard one. People are making money trying to get us out of PLUG. I think I'll go with the Daimler article; no wonder Andy keeps talking about Europe.
👍 3
uksausage uksausage 2 weeks ago
pay attention Jack
if heavy trailer trucks are excluded

I do find it odd that they are paying over 1m euros for a truck compared to what Nikola sells them for.

Daimler shareholders should be funding this not the German govt, just like NKLA shareholders have. Even PLUG hasnt been given any govt money for actual end user equipment , just R&D grants
👍️ 2 💯 1
Jack_Bolander Jack_Bolander 2 weeks ago
WTM - What a waste of taxpayer money which could have been used for good instead.

Politics often wins over Science and Logic.

Funny that two of the most respected Sciencetific Universities in Germany just reported that hydrogen fuel cells don't make sense in Trucks when compatred to other alternatives (below).

Electric trucks clearly advantageous over hydrogen in road freight transport – report
Freight


Clean Energy Wire:

Battery-electric trucks are the best option to reduce emissions from road freight transport, and market forces are working in their favour, according to a report by the German Institute for Economic Research (DIW) in collaboration with the Technical University of Dresden and the Institute for Energy and Environmental Research Heidelberg.

While battery-electric trucks are slowly gaining market share, and a growing range of models come onto the market, hydrogen fuel cell models on German roads were "almost non-existent," said the researchers.

Freight transport is responsible for six per cent of Germany's total greenhouse gas emissions, and 40 percent of transport-related emissions – yet trucks lag behind cars in the transition to electric mobility. 2.3 percent of German trucks are battery-powered if heavy trailer trucks are excluded, compared to a hydrogen market share of 0.006 percent, according to DIW.

The DIW report noted that private investment in truck charging infrastructure was growing. Researchers recommended that the government maintains support for fast-charging points for trucks, but advised against promoting hydrogen in the sector, which would require investment in completely different technology and infrastructure. "Clear communication from federal policymakers on battery-powered trucks as the key technology would give truck manufacturers and operators security on upcoming investments," DIW energy expert Wolf-Peter Schill said.

The researchers also called for changes to greenhouse gas reduction quota regulations, which they said do not reflect the stark difference in efficiency between battery-electric drives and hydrogen alternatives. Battery-electric trucks are much more efficient than those using hydrogen fuel cells, because converting electricity from renewables into hydrogen is highly energy-intensive.

A 2023 Öko-Institute report forecast that, with enough investment in charging infrastructure, all new trucks registered in Germany could be battery-electric by 2035. Industry has said the country needs 4,000 fast-charging points by 2030. However, environmental organisations have criticised the government for investing more in road infrastructure than rail which, they argue, is the best option for reducing emissions and yet still accounts for only a small share of German freight transport.
👍️0
WeTheMarket WeTheMarket 2 weeks ago
Daimler Truck Secures Major Funding for Hydrogen Trucks
November 19, 2024
https://theevreport.com/daimler-truck-secures-major-funding-for-hydrogen-trucks
👍 2
Jack_Bolander Jack_Bolander 2 weeks ago
Banger - It doesn't matter.

No matter what you drive or where you are, Hydrogen for on-road use is sub-optimum and there are better, cheaper alternatives.  

The same is true for Stationary power and many other applications.

The more the world learns about hydrogen, the worse the future looks.

At least PLUG has found a niche with forklifts.
👍️0
uksausage uksausage 2 weeks ago
I have a feeling this is really for Class 6 and smaller trucks. It certainly would be applying to Hyvia - how many have they sold/given away? Economics change when the electricity is free and hydrogen produced on site but still lean to battery as overnight charging is sufficient for most use cases

Must look for the Symposium individual presentations/discussions.

For Class8 ("Heavy duty" as excluded in the numbers they refer to) I would say FCEV has the edge for distance, load weight, etc. But Europe is different from USA in trucking needs.
👍️ 1 💯 1
WeTheMarket WeTheMarket 2 weeks ago
Hydrogen Under a Trump Presidency: Implications for 45V and H2Hubs
Written By Jason Munster - Nov 21
https://www.cleanepic.io/blog/h2-trump
👍️ 1

Your Recent History

Delayed Upgrade Clock