Owner FEED EPCI Investor / Financier Operator Developer Offtaker Technology / equipment supplier
Plug Power Inc. is a publicly traded company specializing in hydrogen fuel cell technology and green hydrogen solutions. The company designs, manufactures, and deploys proton exchange membrane (PEM) fuel cell systems primarily for material handling equipment such as forklifts, as well as for stationary power applications. It has expanded into a vertically integrated provider of the full hydrogen value chain, including electrolyzer-based green hydrogen production, liquefaction, storage, transportation via cryogenic trailers, and dispensing infrastructure.
Headquartered in Slingerlands, New York, with operations across the United States including hydrogen plants in states like Louisiana, Georgia, and Tennessee, Plug Power also has international activities in Europe. As a NASDAQ-listed entity (ticker: PLUG), it serves customers in logistics, manufacturing, and other sectors seeking to decarbonize operations and achieve energy independence. The company has deployed tens of thousands of fuel cell units and multiple fueling stations, positioning it as a pioneer and leader in commercializing hydrogen technologies for industrial use. Its end-to-end platform integrates production to end-use, supporting the global transition to clean energy while addressing challenges in grid strain and emissions reduction.
chemXplore tracks 20 projects involving Plug Power, of which 13 are active.
Besides these 13, the record holds 4 completed projects and 3 cancelled.
Closest to start-up first.
10 more active projects and the 7 that are completed, on hold or cancelled are in the record. See all 20 in chemXplore →
3 active projects carry no start-up date yet. The dates themselves, per project, are for subscribers.
Q3 revenue rose >10% y/y and company remains on track for ~15–16% full‑year growth; Q3 net cash usage ≈ $28M with ≈ $134M cash on hand; margin improvement and an ~$8bn electrolyzer pipeline.
Preferred electrolyzer supplier for over 1 GW of e‑SAF projects; initial 280 MW GenEco will produce ~110 t/day renewable H2 for jet fuel at Port of Vordingborg; ENDOR moving to FID.
40,000 t/yr eSAF commitment for 10+ years from Project Endor in Denmark; deliveries planned from early 2030s; fuel claims up to 98% lifecycle emissions reduction and EU compliance.
The 1 MW PEM electrolyzer will produce hydrogen for a refuelling station to supply dual‑fuel heavy trucks and help build South Island hydrogen infrastructure.
FT liquids upgrading tech to convert cellulosic feedstock into drop-in SAF and renewable diesel; initial deployment at two Canadian facilities; FID targeted December 2026.
Sequential revenue growth, gross-margin expansion to breakeven, operating costs cut ~50%, raised 2026 revenue guidance to 15–16% and targets positive EBITDAS in Q4.
Strong cash generation and higher earnings supported a proposed 10% dividend rise to €0.70/share; Bacalhau ramp-up and a €318m renewables purchase shaped the quarter.
Opened a 32‑km Rotterdam hydrogen pipeline, progressed CO₂ and heat projects, boosted LNG capacity, and saw shifting gas flows with higher power‑sector demand.
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The 8 with the most active projects, of 12 countries.
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