Turnkey hydrogen solutions provider Plug Power Inc. (PLUG) recently announced that it is expanding its activities in Europe by establishing a headquarter for the region in North Rhine-Westphalia in Germany. Following the news, shares of the company gained 1.86% on Tuesday. Further, the stock gained marginally in extended trade to close at $24.80. The facility will span an area of about 70,000-square feet. Inside the facility will be an innovation center with engineering labs and technical support; a monitoring, diagnostics and technical support center; a green hydrogen generator with an electrolyzer infrastructure on-site; a shipping, inventor and logistics center; and training space.
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Plug Power (NASDAQ:PLUG)
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