FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Plug Power Inc. Partners with Phillips 66 for Low-Carbon Hydrogen Businesses”
Plug Power Inc. (NASDAQ: PLUG) climbed over 7% in premarket trading after the company and Phillips 66 announced a memorandum of understanding to collaborate on the development of low-carbon hydrogen business opportunities.
The companies now will explore ways to deploy Plug Power’s technology within Phillips 66’s operations, leveraging Plug Power’s experience as a full value chain provider within the hydrogen economy.
Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while meeting sustainability goals.
For more information, please visit: Plug Power Inc.
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