FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Plug Power Raises $1 Billion for US Green Hydrogen Infrastructure”
Plug Power (NASDAQ: PLUG) opened over 5% higher than its previous close after the company completed one of the largest bought equity deal transactions in the broader clean-tech sector.
The approximate 1 billion dollar raise will be used to Accelerate the First Nation-Wide Green Hydrogen Network, along with other growth strategies and comes on the heels of recently announced plans to build five regional green hydrogen facilities in the United States.
Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) 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 providing efficiency gains and meeting sustainability goals.Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the Company has deployed over 38,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs.
For more information, please visit: Plug Power, Inc.
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