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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.
Plug Power Inc premium industry data and analytics
Products and Services
Products |
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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 May, the company was awarded contracts to deliver cryogenic equipment to a multinational industrial gas company and a statewide electric utility company. |
2024 | Contracts/Agreements | In May, the company signed a memorandum of understanding with Allied Green Ammonia to initiate a Basic Engineering and Design Package for the 3 GW capacity project. |
2024 | Financing Agreements | In May, the company secured a US$1.66 billion loan guarantee from the Department of Energy’s Loan Programs Office to fund the development of up to six green hydrogen production facilities. |
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 | 591 |
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 | Chief Financial Officer; Senior Vice President | Senior Management | 2014 | 55 |
Sanjay K. Shrestha | General Manager - Energy Solytions; Chief Strategy Officer; Executive Vice President | 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 |
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