Plug Power Inc (PLUG) Quote

Yesterday was the CALM BEFORE THE STORM.

January 20, 2025, is a bad date for Hydrogen. Sell-off starts early.

Seems the Investors Village is joining the Fool on hit pieces. Up to Andy to prove them wrong because they have been right like the shorts for the last few years. Yes, I hate them too, and I think they tend to tell half-truths just like Andy, but they were more right than wrong. The thing is only Andy, and his gang can right the ship. It sure would be nice if the bums bought shares as a sign of faith in the company growing and surviving.

Oil and gas companies/countries are feeling the heat.
They are under pressure to act on climate change and they see the rapid widespread hydrogen adoption and development in 2024.
Soon the anti Plug Power cartel will fall apart and the negative manipulation will stop.
Hopefully some Exxon whistleblowers will come forward.

Pre-Market Share Volume 1,095,693

Please read this article, very interesting.


https://link.houstonchronicle.com/view/5f43b2d1b6526f4e32712223l04ht.3fe/4fb29419

Please read this article, very interesting.

Will making hydrogen ‘green’ depend on China?
By Christian Robles | 05/06/2024
https://www.eenews.net/articles/will-making-hydrogen-green-depend-on-china/

BB, sounds like Plug Power could raise the price of their electrolyzers to make them even more profitable.

Will making hydrogen ‘green’ depend on China?
By Christian Robles | 05/06/2024

Machinery that makes hydrogen fuel from water could become another energy technology whose production is centered in Asia.
China’s dominance of supply chains for solar panels, electric vehicles and lithium-ion batteries is rippling through the U.S. energy sector and drawing political fire on Capitol Hill.

Now, another industry may be added to the list of concerns: “green” hydrogen.

China leads the world in producing the essential technology for green hydrogen made from renewables: electrolyzers. The machines use electricity to make hydrogen fuel from water. The Biden administration has prioritized domestic electrolyzer manufacturing as part of its goal of producing 10 million metric tons of “clean” hydrogen annually by 2030.

Industry experts say the administration’s hopes for a domestic supply chain hinge on final regulations for the 2022 Inflation Reduction Act’s hydrogen tax subsidies known as 45V.

“The 45V tax credits will be important in determining the future of electrolyzer manufacturing in the US,” said Payal Kaur, a hydrogen analyst for BloombergNEF, in an email. “If the final guidance is not well received it may impact the pace of growth in the market.”
…..
https://www.eenews.net/articles/will-making-hydrogen-green-depend-on-china/

I expect Fertiglobe and Fortescue FID before July 2024.

At the moment Plug Power is the only company with a proven PEM electrolyzer and an electrolyzer gagafactory with more than 1 GW capacity.
For Fertiglobe and Forstescue there is no other alternative if they want to produce hydrogen as soon as possible.
There will be a fight for Plug Power’s electrolyzers.

The Race for Green Hydrogen Dominance is Heating Up
By Felicity Bradstock - May 05, 2024

- China dominates the green hydrogen sector with over 1000 kilotonnes of electrolysis-based hydrogen capacity in development.
- Saudi Arabia is constructing the world's largest green hydrogen project, with a capacity of 600 tonnes per day.
- The EU aims to produce and import 10 million tonnes of green hydrogen by 2030 to power transport and decarbonize industry.
…..
The countries with the most ambitious green hydrogen production pipeline include China, Saudi Arabia, Sweden, the U.S., the U.K., Germany, Vietnam, Australia, Oman, France, and Canada. In 2023, China had 1060.9 kilotonnes of electrolysis-based hydrogen capacity in the final stages of development. While the second biggest green hydrogen power, Saudi Arabia, had 339 kT, followed by Sweden with 230.8 kT, demonstrating China’s dominance of the sector. Saudi Arabia is currently constructing the world’s biggest green hydrogen project to date, a facility that is expected to include ?up to 4 GW of solar and wind energy to produce up to 600 tonnes of green hydrogen per day, or up to 200 GW of green hydrogen every year.

The European Union aims to produce 10 million tonnes and import a further 10 million tonnes of green hydrogen by 2030, which it will use to power transport and decarbonise industry. Germany has big plans for a future in green hydrogen, with almost $14.2 billion in state funding earmarked for the development of around two dozen hydrogen projects. Meanwhile, Sweden opened its largest electrolyser facility last year, with more expected to follow. In the U.K., the government believes “low carbon hydrogen has a critical role to play in [its] transition to net zero.” The U.K. plans to develop 5 GW of low-carbon hydrogen production capacity by 2030, equivalent to the amount of gas consumed by over 3 million households annually.

In the Middle East and North Africa (MENA) region, several states are developing their green hydrogen capacity, supported by state and private funding. This month, in Oman, the state-owned group overseeing green hydrogen development, Hydrom, surpassed its annual funding aims with the signing of two new projects in Dhofar worth $11 billion. Oman’s total green hydrogen production is now expected to reach 1.38 million tonnes per year (mtpa) by 2030. The second round of green hydrogen auctions by Hydrom attracted more than 200 companies looking to invest in the sector in Oman.

Meanwhile, in March, the Moroccan government stated that it would be allocating one million hectares to green hydrogen projects, with 300,000 hectares designated for the first phase of development. This is expected to attract greater private investment in the sector. The Prime Minister of Morocco said he expected to help the North African country “play a major role in the field of energy transition globally.” Over 100 investors have already shown interest in producing green hydrogen in Morocco, encouraged by the country’s favourable conditions for solar and wind energy production.

In Asia, China is rapidly developing its green hydrogen capacity, with an estimated installed capacity of 1.2 GW at the end of 2023. The Hydrogen Council and McKinsey predict that China will be the biggest single market for clean hydrogen by the mid-century, transporting most of its supplies via pipeline for domestic use. Meanwhile, in Vietnam, the government launched its national hydrogen development strategy in February. Vietnam aims to produce between 100,000 MT and 500,000 MT a year of hydrogen, derived from renewable energy and carbon capture by the end of the decade. This is expected to increase to between 10 million MT and 20 million MT a year by 2050.
…..
https://oilprice.com/Energy/Energy-General/The-Race-for-Green-Hydrogen-Dominance-is-Heating-Up.html

The Perfect Storm

- Israel-Gaza war: Ceasefire talks intensify in Cairo
13 hours ago By Anna Foster & Andre Rhoden-Paul
https://www.bbc.com/news/world-middle-east-68956549

- The Meme Mania Returns

Move over, meme-stock millennials. Your grandma wants to trade options.
May 4, 2024 By Beth Pinsker
https://www.marketwatch.com/story/move-over-meme-stock-millennials-your-grandma-wants-to-trade-options-8d7f2757

- Fed Meeting: Rate Cuts Will Wait, But QT Relief Offers Stealth Easing; S&P 500 Slips
JED GRAHAM 05/01/2024
…..
The Fed statement reiterated that rate cuts will wait until policymakers have "gained greater confidence that inflation is moving sustainably toward 2%."
However, policymakers announced a slower pace for unloading holdings of Treasuries from the Fed's balance sheet.
"Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $60 billion to $25 billion."
Approving relief from quantitative tightening, or QT, may be seen on Wall Street as throwing a bone to markets.
…..
https://www.investors.com/news/economy/federal-reserve-meeting-may-jerome-powell-qt-rate-cuts/

- Conditional approval of DOE loan

- Plug Power Announces 2023 First Quarter Results with record revenue and narrowed losses. Andy will also raise expectations.

- Final Guidance for 45V with less restrictive requirements

- Data Centre Backup Power initial testing

- Louisiana plant update/partial producing hydrogen gas (planning operational was Q3 2024)

The rapid widespread adoption and development of hydrogen in 2024 will change the meaning of FID for hydrogen projects.
Fast Investment Decision instead of Final Investment Decision

If by some miracle the stock price hits a three-year high and the majority of shareholders do not bother to attend the shareholders' meeting, then it will be easier to meet the one-third quorum requirement instead of the 50%.
(I think)


On April 24, 2024, the Board of Directors of Plug Power Inc., a Delaware corporation (the “Company”), approved and adopted the Company’s Seventh Amended and Restated Bylaws (the “Seventh Amended and Restated Bylaws”), which became effective immediately, solely to reduce the quorum required to hold meetings of the Company’s stockholders. The Seventh Amended and Restated Bylaws reduces the quorum requirement from a majority to one-third of the voting power of the outstanding stock entitled to vote, and present in person or represented by proxy, at the Company’s stockholder meetings.
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/029ec88d-f459-4ee2-959c-c571212afd2f.pdf

IRS Expects Updates To Hydrogen Credit Emissions Model
By Kat Lucero · May 3, 2024, 5:40 PM EDT

The Internal Revenue Service expects the U.S. Department of Energy to update a model used to determine eligibility for the new clean hydrogen production tax credit under recently proposed rules, an...
https://www.law360.com/tax-authority/state-local/articles/1833286/irs-expects-updates-to-hydrogen-credit-emissions-model

Exactly. Andy Marsh stands a much better chance of achieving political office because he's the much better polished liar.
Ole Hoffelmann with his speech mannerisms couldn't be elected dog catcher.

Velcro, it's not just that, he looks and sounds as if he's sitting on the toilet constipated, no enthusiasm whatsoever, painful to watch.

Groping for a thought in our modern age is taken as a major downer. It's unbecoming to pause to think. Politicians never grope for a thought; they just keep lying. Now you take the well-spoken Andy Marsh who talks smooth as silk, never missing a beat, and never needing to think. It gets old and less and less believable.
Joe Biden is no longer a skillful orator and will lose the 2024 election because he actually reads the teleprompter "pause."

Steve, great questions I don't have the answers to. I was just going to comment that once again he demonstrated that he has poor communication skills and is not a good spokesperson for a company. If you recall, he had a major breakdown during an important presentation for Plug Power, maybe the reason why he was let go. I don't know, I can only speculate. Hopefully he departed in good terms.

Nothing personal, as I also have terrible communication skills, but I don't hold a key level position in a company.

FORTESCUE LAUNCHES ITS FIRST U.S. GREEN HYDROGEN PRODUCTION FACILITY IN BUCKEYE
Representing a $550 million investment, the facility will produce up to 11,000 tons of liquid green hydrogen annually

BUCKEYE, AZ (May 3, 2024) – Fortescue marked a new phase in the development of the company’s $550 million venture into green hydrogen production in the United States, the first of Fortescue’s planned green energy investments in North America with a soil turn ceremony and renaming of our green hydrogen facility in Buckeye, Arizona to Arizona Hydrogen.

On May 2, Fortescue Executive Chair and Founder Dr. Andrew Forrest AO was joined by local government, economic development and community leaders including Gila River Indian Community Governor Steven Roe Lewis, Sandra Watson, President and CEO of the Arizona Commerce Authority and Buckeye Mayor Eric Orsborn.

At the 158-acre facility site, Dr. Forrest praised the Biden Administration’s commitment to the energy transition, but cautioned there is more work to be done.

“The U.S. has made serious strides in attracting global investment in green hydrogen and decarbonization projects, like Fortescue’s solar and wind-powered Arizona Hydrogen facility. Fortescue is unashamedly a first-mover in this space, the world needs us to move quickly,” Dr. Forrest said.

“I am hopeful that the Biden Administration will continue supporting the growth of the green hydrogen industry, particularly as they work to finalize the 45V green hydrogen tax credits. The current Treasury rules limit project opportunities, create investment risk, and significantly increases costs for green hydrogen production. Fortescue shares the Biden Administration’s ambitious climate goals, and hopes the Treasury will ensure early movers like Fortescue can continue investing and creating jobs here in the U.S.”
.....
https://www.azcommerce.com/news-events/news/2024/5/fortescue-launches-its-first-us-green-hydrogen-production-facility-in-buckeye/

I guess that is the good thing we did by spreading our business out worldwide. I do think Andy is too optimistic and trusting of some 'partners' and maybe he relied on them being ready to move and this has cost us dearly. This includes Twiggy and his good buddy slimy Schumer, who has been quiet about everything regarding green H2 and all the domestic issues. I do find it interesting that we find ourselves with these issues to riot over from the Wall street gang, George Floyd, Black live matter and not the hate Israel crowd now. The DNC convention should make 1968 look like a party. This is what happens when you worry about power and trying to appease the Marxist left progressive. Sadly, Biden is just a shadow puppet for Obama and his gang. I don't like Trump, but we probably need someone like him to clean house throughout our Government to weed out the bad players in the FBI,CIA,DOJ etc. Also, have the Soros family and the Open Society shut down as an organization promoting violence and jail George and Andrew.

US is too slow.

Canada is taking bold steps towards a cleaner, more sustainable future with its proposed Clean Hydrogen Tax Credit.

New Clean Hydrogen Tax Credit on the Horizon
By Nicole Mirabal May 02, 2024

Canada is taking bold steps towards a cleaner, more sustainable future with its proposed Clean Hydrogen Tax Credit. This innovative initiative is set to revolutionize the way we produce and utilize hydrogen, a crucial element in the quest for carbon-neutral energy solutions. Let’s delve into what this tax credit entails and how it can shape the landscape of clean energy investments in Canada.

What is the Clean Hydrogen Tax Incentive?
The Clean Hydrogen Tax Credit is designed to incentivize capital investment in the production of clean hydrogen and clean ammonia within Canada. This forward-thinking measure aims to accelerate the transition to a low-carbon economy by providing tax incentives to qualifying taxpayers who invest in eligible clean hydrogen property. Various equipment used in the production of hydrogen through electrolysis of water or natural gas reforming, clean ammonia equipment, dual-use electricity and heat equipment, and more, qualify for the tax credit. The tax credit rate varies based on factors such as the carbon intensity of the production process, the year of property acquisition, and meeting certain labor requirements.

Why should you apply?
This tax credit encourages innovation in clean hydrogen technologies, fostering the development of efficient and sustainable production methods. Clean hydrogen production offers a pathway to significantly reduce carbon emissions, contributing to global efforts to combat climate change. Businesses applying to this tax credit and investing in clean hydrogen gain a competitive edge in an evolving market, boost their cashflow, and position themselves as leaders in sustainability.

How to apply?
This tax credit is refundable and available to qualifying taxpayers who invest in eligible clean hydrogen property between March 28, 2023, and 2035. Understanding the intricacies of this tax credit is crucial for optimizing your chances of obtaining it. Interested applicants must adhere to specific guidelines regarding eligible equipment, labor requirements, and compliance obligations to fully leverage the tax credit.
.....
https://leyton.com/ca/insights/articles/new-clean-hydrogen-tax-credit-on-the-horizon/

That news from China ought to be a huge sign that if we want to lose another industry to China, we need to get 45V and the DOE loan moving like yesterday. Time to stop this delay and get going! Everyone is waiting for the rules and to see if projects make economic sense before investing billions.

Today’s 3 catalysts: jobs data, MOU and weekly options expiration.

I think the US government is finally realizing the importance of Plug Power to the US hydrogen economy.
I hope the DOE can convert a part of the 1.6B loan into a grant (just a dream) 😁


‘Green Hydrogen’ Machine China’s Next Hot Export
By Lu Yutong and Chen Yaoyu Apr 30, 2024
With the current level of costs and production capacity achieved by China’s hydrogen-electrolyzer makers, the product, used to create “green hydrogen,” may become the country’s fourth-largest new energy export after solar panels, lithium batteries and electric vehicles, according to an expert.
…..
https://www.caixinglobal.com/2024-04-30/green-hydrogen-machine-chinas-next-hot-export-102192211.html

I wonder if this move by Ole helps or hurts Plugs future business with Nikola. I have not heard anything about the deal with them saying we would take so many trucks for one of our units have you? I just wonder if there is a future relation here. Seems they have gone to different companies.

B_B - The jobs numbers are today's real catalyst.

PLUG's PR is just another Nothing Burger,
ATM Pump.

Yet another Pump PRe Market PR for the ATM.

Futures extend gains after April jobs data
May 3, 2024

(Reuters) - U.S. stock index futures extended gains on Friday as fresh evidence of easing labor market conditions boosted hopes that the Federal Reserve could cut interest rates sometime this year.
A Labor Department report showed nonfarm payrolls increased by 175,000 jobs in April, compared with expectations for an increase of 243,000, according to economists polled by Reuters.

The unemployment rate stood at 3.9% compared with expectations that it would remain steady at 3.8%, while average earnings rose 0.2% on a monthly basis against forecasts of 0.3% growth.
At 08:30 a.m., Dow E-minis were up 520 points, or 1.35%, S&P 500 E-minis were up 55 points, or 1.08%, and Nasdaq 100 E-minis were up 249.5 points, or 1.41%.

https://www.streetinsider.com/Reuters/Futures+extend+gains+after+April+jobs+data/23167990.html

Banger - Another Nothing Burger.

Yet another Pump PRe Market PR for the ATM.

90+% of PLUG's MOUs never finalize and never generate profits.

KGS certifies Plug Power’s liquid hydrogen tank and trailers
By Edward Laity on May 03, 2024

Plug Power has achieved Korean Gas Safety (KGS) certification of liquid hydrogen storage tanks and transport trailers.

The company will receive certification for ASME Section XII and ASME Section VIII Div. 1, which is required to build liquid hydrogen storage tanks in South Korea.

H2 View understands that three liquid hydrogen bulk storage tanks have arrived in the country, and Plug is preparing to ship its first liquid hydrogen trailer to South Korea later this month.

Both the tanks and trailers have been manufactured in Texas, the US, and were designed to meet specific Korean regulations.

Earlier this week, Plug announced it had secured the first international safety and performance certification in South Korea for PEM electrolyser manufacturing.
.....
https://www.h2-view.com/story/kgs-certifies-plug-powers-liquid-hydrogen-tank-and-trailers/2109657.article/

Huge MOU for 3GW electrolysers in 2027 with the BEDP over the next year.

https://ih.advfn.com/p.php?pid=nmona&article=93775567

This would be our first $1Bn contract when agreed next year. In Fortesque's back yard as well.

Posted 13 hrs ago.

This had a bit more meat on it than other “lame PRs”.
Good to remind people of the different businesses they are in. In this case the Cryo technology is high value, high margin with no associated hydrogen supply or service contracts (both traditionally loss making).

WIth the electrolyser business also promoted recently we could be seeing up to 60% hardware revenues from non-material handling business. that would be significant and have a big impact on profitability forecasts as the Electrolyser/Cryo business grows.

How Nikola is building a Hydrogen Highway with Ole Hoefelmann | Loaded and Rolling

FreightWaves
28.7K subscribers
Posted May 1, 2024

In today’s episode Ole Hoefelmann, president of the Nikola Energy division at Nikola joins us to talk about their Hydrogen Highway plan to establish refueling stations. We also dive into Nikola’s plans on how they are expanding their HYLA hydrogen refueling stations nationwide through partnerships, collaborations, and funding.

LMAO!

PUMP & DUMP ! Lame PR to bump up the pre-market, and then the ATM.

It happens Every Day !

B_B - Foreplay happens just before you get F *****

Air Products abused its market power to harm/eliminate a competitor.
Air Products/Seifi Ghasemi (CEO) is not good company.

Plug Power sues Air Products over 'draconian elevated prices'
By Robin K. Cooper Apr 2, 2021

The Latham fuel cell maker claims Air Products increased prices in retaliation after Plug confirmed it was planning to acquire a hydrogen generation company, a move designed to create its own hydrogen supply network.
…..
https://www.bizjournals.com/albany/news/2021/04/02/plug-power-accuses-air-products-of-price-gouging.html

Is this to pump up the ATM .... or buffer impact of a bad Quarter ?

Foreplay before the DOE loan 🫣

nothing about PLUG or hydrogen. so really off topic Jack.
Also there are green steel production facilities already so they are stretching things…. maybe hiding their not so good earnings report...

A flood of Lame PR from PLUG.

Is this to pump up the ATM .... or buffer impact of a bad Quarter ?

Plug Continues to Expand Cryogenic Sales with Multiple Customer Agreements and International Expansion
May 02, 2024

Agreements expand Plug’s reach in cryogenic equipment portfolio across sectors
International expansion of cryogenic equipment services with certification of liquid hydrogen storage tanks and transport trailers in Korea

LATHAM, N.Y., May 02, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it has been awarded contracts to supply cryogenic equipment to a multinational industrial gas company and a statewide electric utility company. Additionally, the company is in the final stages of completing an agreement to supply cryogenic equipment to another leading industrial gas company.

Through a strategic partnership with the multinational industrial gas company, Plug is set to supply five cryogenic trailers for the Canadian market to facilitate the transport of essential cryogenic industrial gasses like nitrogen, argon, and oxygen. Deliveries for this equipment are expected in early 2025.

In a separate agreement with a statewide electricity utility company, Plug received a purchase order for Liquefied Natural Gas (LNG) cryogenic mobile storage equipment, designed for the storage and dispensing of cryogenic LNG. Delivery of the equipment is scheduled to begin in Q4 of 2024.

Plug has been tapped by another leading industrial gas company to supply eight cryogenic trailers to the U.S. and Canadian market for the transportation of industrial gasses such as nitrogen, argon, and oxygen. Deliveries for this equipment are slated to commence in the latter half of 2025.

Plug CEO Andy Marsh: “With extensive expertise designing and manufacturing cryogenic solutions, including liquid storage tanks, delivery trailers, vaporizers, portable equipment, and integrated control systems, we are successfully building long term strategic partnership with customers and supporting their need to get their gas products to market through liquefaction and truck trailer transportation.”

Plug is also focused on expanding its cryogenic equipment services internationally. As a follow on to the company securing the first international PEM electrolyzer certification in Korea, Plug has achieved Korean Gas Safety (KGS) certification for ASME Section XII and ASME Section VIII Div. 1 required to build bulk liquid hydrogen storage tanks and transport trailers to serve the growing demand in the South Korean market.

To date, three liquid hydrogen bulk storage tanks have arrived in South Korea and Plug is preparing to ship its first liquid hydrogen trailer to South Korea this month. The storage tanks and transport trailers were manufactured in Houston, TX and have been tailored to meet Korean regulations.

In 2021, Plug acquired Applied Cryo Technologies, Inc., adding the technology, equipment and services for the transportation, storage, and distribution of liquefied gases.

Today, Plug is a leading manufacturer of advanced cryogenic equipment. The company’s cryogenic trailers are the lightest on the market, allowing for superior over the road payloads. The trailers are optimized to transport liquid gasses across North American highways.

https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Continues-to-Expand-Cryogenic-Sales-with-Multiple-Customer-Agreements-and-International-Expansion/default.aspx

Low pay and no (challenges at) work, I think.
Plug pauses investments in 2024.
Plug produces more than 1GW per year and will deliver 189MW this year.

To date, Plug has already delivered 25 electrolyzer systems to third-party customers. Over the course of 2024, it plans to deliver an additional 40 systems for a cumulated total of 189MW. These systems include containerized electrolyzers of 1MW and 5MW deployed worldwide for various applications such as refineries, industrial processes, and mobility.
April 25, 2024
https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Signs-Additional-BEDP-Contracts-for-a-Total-of-4.5GW-of-Electrolyzers-Across-Europe-and-the-United-States/default.aspx

Plug Announces Record Production of PEM Electrolyzer Stacks in Q1 2023; On Track to Meet 100MW per Month Target in Q2
April 04, 2023
https://www.ir.plugpower.com/press-releases/news-details/2023/Plug-Announces-Record-Production-of-PEM-Electrolyzer-Stacks-in-Q1-2023-On-Track-to-Meet-100MW-per-Month-Target-in-Q2/default.aspx

Plug Power Hires Former Tesla Alum David Mindnich to Influence Plug Power’s Global Gigafactory Footprint
July 22, 2021
https://www.ir.plugpower.com/press-releases/news-details/2021/Plug-Power-Hires-Former-Tesla-Alum-David-Mindnich-to-Influence-Plug-Powers-Global-Gigafactory-Footprint-2021-7-22/default.aspx

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December 31, 2023 and the Record Date of April 8, 2024, the entire PSO award was underwater
Page 38 (43/79)
April 26, 2024
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/3d05bd6b-9451-42ff-b040-28638be607ad.pdf

For 2022, only Mr. Hoefelmann received an annual equity award.
Page 38 (45/110)
May 15, 2023
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/9cbf8b99-c060-419c-9f4c-b97fae63c534.pdf

Steve - I respect Dave and Ole's decisions. Talent will be leaving and we will be left with the dregs.

Here is some interesting News :

https://seekingalpha.com/news/4097302-linde-to-build-150m-air-separation-unit-for-worlds-first-large-scale-green-steel-plant?mailingid=35221044&messageid=2900&serial=35221044.1140&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=35221044.1140

I wonder why he left. He was hired to set up the factories I believe. Maybe he was no longer needed since they are all complete now? I hope he did not leave because he felt the days were numbered and he would leave a sinking ship.

Shares Outstanding 696.17M (+12M)

Before
Shares Outstanding 684.25M

https://finance.yahoo.com/quote/PLUG/key-statistics

https://markets.ft.com/data/equities/tearsheet/summary?s=PLUG:NAQ

Why? What has he done to increase the value to shareholders. This is a slap directly in our faces!

B_B - ANOTHER NOTHING BURGER.

Plug Secures First International PEM Electrolyzer Certification in Korea
May 01, 2024

Final step completed to enable the commercial sale of Plug electrolyzer systems in Korea
LATHAM, N.Y., May 01, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured the first international safety and performance certification in Korea for electrolyzer manufacturing, enabling the commercial sale of Plug electrolyzer systems in the Korean market. This achievement was completed through Plug's collaboration with SK E&S in the form of SK Plug HyVerse, a joint venture aimed at advancing the hydrogen sector within the Asian market.

Plug achieved certification of its EX425D – a 1 MW (megawatt) PEM (proton exchange membrane) electrolyzer that produces up to 425 kg (kilograms) per day of green hydrogen – to the Korean Gas Safety (KGS) Corporation Standard AH271 for Facility/Technical/Inspection Code for Manufacture of Water Electrolysis Hydrogen Generator.

As part of the certification process, KGS approved Plug’s Rochester Gigafactory for electrolyzer stack production and Plug partner Alpha ECC’s manufacturing facility in Vietnam for system production and assembly.

“We are pleased to have achieved this critical certification and look forward to supporting decarbonization goals in Korea,” said Plug CEO Andy Marsh. “As the first company to receive this certification and over five decades of operational expertise backing our PEM stack technology, we are in a unique position as the first mover for PEM electrolyzers in the Korean market.”

SK Plug HyVerse is nearing the completion of a project on Jeju Island, Korea, to support hydrogen-powered heavy-duty trucks. Additionally, the SK Plug HyVerse is expanding its efforts to build over 25 hydrogen fueling stations across South Korea and has developed a hydrogen-powered bus using Plug's ProGen module that will reach mass production by year's-end.

https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Secures-First-International-PEM-Electrolyzer-Certification-in-Korea/default.aspx

Fertiglobe to take final investment decision on long-delayed 100MW Egyptian green hydrogen plant by July
Fertiliser producer remains coy on which electrolyser supplier is in line to replace original provider Plug Power
Polly Martin 1 May 2024

The Egypt Green hydrogen and ammonia project had originally been announced with promises that all 100MW of electrolysers would be installed in Ain Sokhna by the start of COP27 in Sharm El Sheikh, in November 2022, which would have made it the largest operational plant in the world at the time.
.....
One possible reason for the delay on FID for the full phase could be the decision by Egypt Green’s developers to drop the initial electrolyser supplier, Plug Power, in November 2022.

Fertiglobe has refused to comment on whether a new electrolyser provider has been identified for the project, nor which markets it plans to target with its green ammonia.

“Going to 100MW, there’s lot of other regulatory issues as well that you need to overcome,” Shata said at the conference, citing transmission of renewable energy from one side of the country to the other as one topic of discussion with government. “You need to finalise several other aspects to really get it in place.”
https://www.hydrogeninsight.com/industrial/fertiglobe-to-take-final-investment-decision-on-long-delayed-100mw-egyptian-green-hydrogen-plant-by-july/2-1-1635986