Plug Power Inc (Plug Power) is a developer of hydrogen fuel cell systems. The company's products and solutions include fuel cells, electrolyzers, production, storage and handling, transportation and dispensing of liquid green hydrogen. 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 provides its products and solutions through direct sales, and through partnerships with original equipment manufacturers (OEMs) and their dealer networks. The company has operation in France Germany, Spain, Netherland and the US. Plug Power is headquartered in Latham, New York, the US.
Headquarters
United States of America
Address
968 Albany Shaker Road, Latham, New York, 12110
Website
www.plugpower.com
Telephone
1 518 7827700
No of Employees
3,868
Industry
Alternative Energy
Ticker Symbol & Exchange
PLUG (NASD)
Revenue (2022)
$891.3M
27.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-89.1%
(2022 vs 2021)
Market Cap*
$2.0B
Net Profit Margin (2022)
XYZ
-48.8%
(2022 vs 2021)
* As of and is in US$
Plug Power Inc premium industry data and analytics
Products and Services
| Products |
|---|
| GenDrive |
| GenFuel |
| GenCare |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, the company entered into an agreement with the US automobile manufacturer to provide hydrogen infrastructure and fuel cell solutions. |
| 2024 | Contracts/Agreements | In February, the company signed a contract for a 500 MW electrolyzer project in Europe and to deliver a Basic Engineering and Design Package. |
| 2024 | Others | In February, the company announced the delivery of several liquid hydrogen portable refuelers to transit agencies and trucking fleet customers. |
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 | Latham | Muenchen | Danbury | Burnaby | Horsham |
| State/Province | New York | Bayern | Connecticut | British Columbia | England |
| No. of Employees | 3,868 | 345 | 629 | 1,173 | 536 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Andrew J. Marsh | Chief Executive Officer; President; Director | Executive Board | 2008 | 67 |
| Paul B. Middleton | Senior Vice President; Chief Financial Officer | Senior Management | 2014 | 55 |
| Sanjay K. Shrestha | Executive Vice President; Chief Strategy Officer; General Manager - Energy Solytions | Senior Management | 2021 | 49 |
| Time Cortes | Chief Technology Officer | Senior Management | 2021 | - |
| Preeti Pande | Chief Marketing Officer | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward