Plug Power Hosts 2021 Plug Symposium
October 14 2021 - 9:46AM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey
hydrogen solutions for the global green hydrogen economy, is today
holding its third annual Plug Symposium. Featuring more than two
dozen global presenters, executives and thought leaders, this
year’s event has attracted a record 5,000 attendees from around the
world.
Built around the theme of “Here Comes Green Hydrogen”, Plug
Power executives will showcase the company’s progress in building a
green hydrogen ecosystem, and will unveil new partnerships and
product offerings that will help its global customers achieve their
business and sustainability goals.
Symposium highlights include:
- Establishing long-term 2025 guidance
of $3 billion in annual sales
- Updating 2022 sales guidance to $825-850 million, 65% growth
over 2021
- Executing a definitive agreement to acquire Applied Cryo
Technologies, a leading provider of technology, equipment and
services for the transportation, storage and distribution of
liquified hydrogen, oxygen, argon, nitrogen and other cryogenic
gases
- Announcing partnership with Fortescue
Future Industries for a 50-50 joint venture to build a Gigafactory
in Queensland, Australia
- Unveiling HyVia hydrogen fuel cell-powered van prototype in
North America, to be highlighted in remarks from Luca de Meo, CEO
of Renault Group, Plug Power JV partner
- Confirming plan for 500 tons per day of liquid green hydrogen
generation capacity by the end of 2025, which will include
installing 13 green hydrogen plants by the end of 2025
- Projecting ambitious electrolyzer
sales of over 100 megawatts (MW) by 2022, which will generate 50
tons per day of green hydrogen
“I’d like to thank our presenters and our thousands of guests
who will be committing their time to attending the 2021 Plug
Symposium,” said Andy Marsh, CEO of Plug Power. “The promise of
green hydrogen is here today - driven by Plug Power’s innovation
and the vision of our customers.”
About Plug Power
Plug Power is building the hydrogen economy as the leading
provider of comprehensive hydrogen fuel cell turnkey solutions. The
Company’s innovative technology powers electric motors with
hydrogen fuel cells amid an ongoing paradigm shift in the power,
energy, and transportation industries to address climate change and
energy security, while meeting sustainability goals. Plug Power
created the first commercially viable market for hydrogen fuel cell
technology. As a result, the Company has deployed over 50,000 fuel
cell systems for e-mobility, more than anyone else in the world,
and has become the largest buyer of liquid hydrogen, having built
and operated a hydrogen highway across North America. Plug Power
delivers a significant value proposition to end-customers,
including meaningful environmental benefits, efficiency gains, fast
fueling, and lower operational costs. Plug Power’s
vertically-integrated GenKey solution ties together all critical
elements to power, fuel, and provide service to customers such as
Amazon, BMW, The Southern Company, Carrefour, and Walmart. The
Company is now leveraging its know-how, modular product
architecture and foundational customers to rapidly expand into
other key markets including zero-emission on-road vehicles,
robotics, and data centers. Learn more at www.plugpower.com.
Safe Harbor Statement
This communication contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve significant risks and uncertainties about Plug Power
Inc.(“PLUG”), including but not limited to statements about PLUG’s
expectations regarding its multi-year investment and growth, PLUG’s
clean hydrogen technology and fuel cell solutions playing a
critical role in achieving climate and decarbonization goals,
deepening of relationships with key stakeholders, and acceleration
of demand and adoption of hydrogen technology. You are cautioned
that such statements should not be read as a guarantee of future
performance or results, and will not necessarily be accurate
indications of the times that, or by which, such performance or
results will have been achieved. Such statements are subject to
risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in these
statements. For a further description of the risks and
uncertainties that could cause actual results to differ from those
expressed in these forward-looking statements, as well as risks
relating to the business of PLUG in general, see PLUG’s public
filings with the Securities and Exchange Commission, including the
“Risk Factors” section of PLUG’s Annual Report on Form 10-K for the
year ended December 31, 2019 and Quarterly Reports on Form 10-Q for
the quarters ended March 31, 2020, June 30, 2020 and September 30,
2020. Readers are cautioned not to place undue reliance on these
forward-looking statements. The forward-looking statements are made
as of the date hereof, and PLUG undertakes no obligation to update
such statements as a result of new information.
Plug Power Media Contact
Caitlin CoffeeAllison + PartnersplugPR@allisonpr.com
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