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Plug Power was founded in 1997 as a joint venture between DTE Energy and Mechanical Technology Inc. The company went public in October 1999. The company was subject to a shareholder class action complaint for securities fraud following the IPO for allegedly misleading statements about their fuel cell technology capabilities and on its material sales and dist
Last year, the company began producing liquid hydrogen at its hydrogen production facility in Georgia, the largest green liquid hydrogen plant in the U.S. ... (GW) of electrolyzer capacity to AGA ...
The company started in 1927. In 1940, the world's largest water electrolysis plant was built in Rjukan, Norway, with a total capacity of more than 30,000 Nm3/hour of hydrogen from hydropower. In 1988, Nel launched the world's first electrolyzer to offer asbestos-free alkaline electrolysers.
With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028.
Plug Power (NASDAQ: PLUG) stock's disastrous performance from 2024 is continuing into 2025. After plunging by 53% last year, shares of the hydrogen fuel cell maker slumped by another 12.7% in ...
ITM Power plc is an energy storage and clean fuel company founded in the UK in 2001. It designs, manufactures, and integrates electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and tap water. Hydrogen produced via electrolysis is used for mobility, Power-to-X, and industry.
The company achieved revenues of $8.4 billion, surpassing analysts' consensus estimate of $8.07 billion. ... These include the Accelera segment's work on electrolyzers and hydrogen fuel cells, and ...
In April 2013, Hydrogenics won a contract to supply a 1 megawatt hydrogen energy storage system to German utility E.ON in Hamburg. [19] The system will use electrolyzers based on Hydrogenics' proton exchange membrane (PEM) technology for hydrogen production and use excess power generated from regional renewable energy sources, primarily wind ...
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