Hydrogen fuel cell systems developer Plug Power Inc. (NASDAQ: PLUG) recently revealed that the company has signed an agreement with technology giant Amazon (AMZN). Following the news, the shares of the company increased as investors seemed excited about the new Amazon deal. Agreement to Benefit Plug and Amazon Under the terms of the agreement, Plug will supply liquid green hydrogen to Amazon from 2025. The agreement comes as a timely boost for Plug’s 2025 $3 billion revenue goal. Additionally, Amazon's aim to decarbonize its operations and achieve net-zero carbon emissions by 2040 also gains momentum. Meanwhile, Plug and Amazon have had a long-standing relationship.
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Plug Power (NASDAQ:PLUG)
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