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Plug Power Inc (Plug Power) is engaged in building a comprehensive clean hydrogen ecosystem, encompassing production, storage, delivery, and energy generation. The company's main activities include deploying hydrogen fuel cell systems and establishing fueling stations. Plug's major products and services include fuel cells, electrolyzers, hydrogen liquefiers, and cryogenic solutions. The company’s product portfolio comprises ProGen, GenDrive, GenSure, GenKey, GenFuel. Its products find application in on-road electric vehicles, supply chain and logistics and the stationary power market. The company operates hydrogen production facilities and is expanding its presence with new plants in multiple US states. Plug is headquartered in Latham, New York, the US.
Headquarters
United States of America
Address
125 Vista Blvd, Slingerlands, New York City, 12159
Website
www.plugpower.com
Telephone
1 518 7827700
No of Employees
2,290
Industry
Alternative Energy
Ticker Symbol & Exchange
PLUG (NASD)
Revenue (2024)
$709.9M
12.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
22.5%
(2024 vs 2023)
Market Cap*
$3.7B
Net Profit Margin (2024)
XYZ
31.3%
(2024 vs 2023)
* As of and is in US$
Plug Power Inc premium industry data and analytics
Products and Services
| Products |
|---|
| GenDrive |
| GenCare |
| GenSure |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Others | In June, the company commissioned a 5 MW Electrolyzer System in the critical execution phase at the Made Power-to-X facility in Esbjerg, Denmark. |
| 2026 | Contracts/Agreements | In April, the company secured a contract to deliver a 275 MW GenEco PEM electrolyzer system for Hy2gen Canada Inc.’s Courant project. |
| 2026 | Contracts/Agreements | In February, the company signed a definitive agreement with Stream Data Centers to promote its initiative to generate more than US$275 million in liquidity improvement. |
Competitor Comparison
| Key Parameters | Plug Power Inc | SFC Energy AG | FuelCell Energy Inc | Ballard Power Systems Inc | Ceres Power Holdings Plc |
|---|---|---|---|---|---|
| Headquarters | United States of America | Germany | United States of America | Canada | United Kingdom |
| City | New York City | Munich | Danbury | Burnaby | Horsham |
| State/Province | New York | Bayern | Connecticut | British Columbia | West Sussex |
| No. of Employees | 2,290 | 499 | 424 | 492 | 353 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Andrew J. Marsh | Chairman | Executive Board | 2026 | 70 |
| Jose Luis Crespo | Chief Executive Officer; President | Senior Management | 2026 | 56 |
| Paul B. Middleton | Chief Accounting Officer; Chief Financial Officer | Senior Management | 2026 | 59 |
| Dean Fullerton | Chief Operating Officer | Senior Management | 2024 | - |
| Martin D. Hull | Chief Accounting Officer; Controller | Senior Management | 2015 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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