Plug Power Inc. (PLUN)

Overview

Plug Power Inc. is a pioneer in hydrogen and fuel cell technologies, offering innovative solutions across North America, Europe, Asia, and other international markets. Established in 1997, with its headquarters in Latham, New York, the company is dedicated to driving the clean energy transition through its array of products. Plug Power focuses on the development, production, and sale of hydrogen fuel cell systems that are used in a vast range of applications from material handling and backup power to mobility and stationary power systems. Their commitment to sustainability is evident through their effort in providing clean hydrogen production and fueling solutions, alongside comprehensive service programs to ensure the optimal performance of their products.

Products and Services

• GenDrive - A hydrogen-fueled proton exchange membrane (PEM) fuel cell system designed to power electric vehicles, particularly within the material handling industry. It offers a sustainable alternative to traditional power sources, with faster refueling and reduced greenhouse gas emissions.
• GenSure - This stationary fuel cell solution delivers reliable, modular PEM fuel cell power for backup and grid-support necessities essential to the telecommunications, transportation, and utility sectors. GenSure units provide clean, uninterrupted power, fostering resilience and operational continuity in critical infrastructure.
• ProGen - Representing Plug Power's advances in fuel cell stack and engine technology, ProGen modules serve a dual purpose. They can be integrated into both mobility applications, including electric delivery vans, and stationary fuel cell systems, reinforcing the versatility of fuel cell technology in varying sectors.
• GenFuel - This comprehensive solution encompasses liquid hydrogen fuel delivery, generation, storage, and dispensing systems. GenFuel infrastructure enables the transition to hydrogen as a clean fuel option, facilitating the growing demand for sustainable energy solutions.
• GenCare - An Internet of Things (IoT)-based maintenance and service program that offers ongoing support for GenDrive and GenSure fuel cell systems, as well as for GenFuel hydrogen storage and dispensing products and ProGen fuel cell engines. GenCare ensures that all systems remain operational and efficient through expert maintenance and services.
• GenKey - An integrated, turn-key solution aimed at simplifying the adoption of fuel cell power. GenKey covers the transition process end-to-end, from system design and installation to operational support, providing an all-inclusive package for businesses looking to switch to fuel cell energy.
• Electrolyzers - Devices designed for the production of clean hydrogen through the electrolysis of water, offering a sustainable method to generate hydrogen fuel. These systems are key to supporting the creation of a green hydrogen economy by providing an environmentally friendly alternative to fossil fuel-based hydrogen production.
• Liquefaction Systems - Technology developed to convert hydrogen gas into liquid form, enhancing the efficiency of hydrogen storage and transportation. This solution caters to customers needing large volumes of hydrogen by facilitating easier handling and distribution.
• Cryogenic Equipment - Includes trailers and mobile storage units designed for the safe and efficient transport and storage of liquified hydrogen and other cryogenic gases like oxygen, argon, and nitrogen. This equipment is crucial for the distribution network of liquified gases across various industries.
• Liquid Hydrogen - Offered as an alternative and sustainable fuel source, liquid hydrogen presents a solution to the challenges posed by fossil-based energies. It is used in a wide range of applications, advocating for a cleaner, greener future.