Plug Power Inc. is a U.S.-based developer and manufacturer of proton-exchange membrane (PEM) electrolyzers and hydrogen fuel cell systems. Founded in 1997 and headquartered in Latham, New York, the company designs equipment and turnkey systems for green hydrogen production, liquefaction, storage, transport, and dispensing, alongside fuel cell power modules for mobility and stationary power. It serves industrial, logistics, and energy markets in North America and Europe.
For the chemical and process industries, Plug supplies modular PEM electrolyzer stacks and multi‑megawatt systems for on-site hydrogen generation, as well as cryogenic equipment and hydrogen fueling infrastructure. Through acquisitions including Giner ELX and United Hydrogen (2020), Frames Group and Applied Cryo Technologies (2021), it has built a vertically integrated offering spanning hydrogen production to end use. Its technologies are used to replace grey hydrogen in refining, supply feedstock and fuel for industrial processes, and provide zero‑emission power for material‑handling fleets and backup power.
chemXplore tracks 12 projects involving Plug, of which 9 are active.
Plug's role on them: Owner, EPC, EPCI, Operator, Developer, and Technology / equipment supplier.
9 new construction.
1 of the active projects carry no start-up date yet.
Contractors, licensors, and offtakers are recorded on 6 of these 9 projects For subscribers
Targeting: Hydrogen (7), Sustainable Aviation Fuel (3), Carbon dioxide (2), HVO (2), Syncrude (2), E- Fuels (1)
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.
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.
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.
License and engineering deal to supply G2L eSAF and bio‑SAF technology for a Khorezm plant producing about 300,000 t SAF/eSAF annually; FID 2027, commercial ops targeted 2030.
€211m IPCEI Hy2USE reallocated to Castellón plus €15m NextGenerationEU support; plant to start production before year-end and aim to be Spain’s largest green hydrogen facility in 2026.
Rotterdam's hydrogen pipeline is filled with 32 tonnes of green hydrogen, linking the port to industrial users and connecting to broader European hydrogen infrastructure.
EIB loans €430M for projects to decarbonize transport, producing renewable fuels and hydrogen, supporting EU climate goals and energy independence.
By country, the most active first. active / all projects
