We are targeting 70 tons per day (TPD) by the end of this year and are on track to have 500TPD of green hydrogen production by 2025 and 1,000 TPD by 2028. In addition, we plan to break ground on many more during 2022, essentially establishing a green hydrogen generation network in North America by the end of 2023 or early 2024. Plug Power has established itself as the world's only green hydrogen ecosystem solutions provider: Through acquisitions and partnerships, we are in a position to provide comprehensive green hydrogen solutions to complement our unmatched industry position in providing various fuel cell applications and support other industries to meet its decarbonization goals.Įxecuting on building the "first of a kind" green hydrogen generation network in North America: Multiple Plug hydrogen plants are currently under construction and will come online by the end of 2022. With this charge coupled with the superior performance for units deployed in 2021, we believe the service business will approach profitability in the near term. In the fourth quarter we also took a one-time charge of $56 million associated with future servicing of our legacy fleet. This is a major milestone for the company. $3 billion in Revenue, and 17% Operating Income MarginĢ021 marked a record year with Q4 revenue of $162 million, representing the highest quarterly revenue ever recorded by the company: Over 20% of the revenue in the quarter came from new business activity including over $10 million in electrolyzer sales. Reaffirms 2022 Revenue Goal of $900 million - $925 million and 2025 Goals of $502 million in Revenue in 2021 with $162 million in Revenue in Q4 2021Īnnounced Multiple Partnerships and Strategic Acquisitions, Positioning Plug Power as the only Global Green Hydrogen Ecosystem Solutions Provider Users can trust that the data they get from us is right the first time.Plug Power Reports Largest Quarterly and Annual Revenue True to our heritage, we continue to offer the industry’s only $50 reward for a data error or omission. Our ChartIQsolution is now integrated into the S&P Capital IQ Pro platform for powerful, customized data visualization.Country risk scores for over 200 countries and territories with newly integrated IHS Markit Economic & Country Risk data.Credit ratings, sustainability credit-related content, and research from S&P Global Ratings.Breaking news from Dow Jones Newswires and deep, data-driven analysis from the Market Intelligence Insights team.Sustainability insights, including scores, news, research, portfolio analytics, environmental sector profiles, Paris Alignment Reports, and more.AI-powered Document Viewer for zeroing in on key words and phrases in our Aftermarket Research, filings, transcripts, and more.Smart search that quickly surfaces relevant news, documents, and insights from leading research analysts with Aftermarket Research via the Doc Viewer.Data on 50+ million private companies and private markets from a variety of providers, including Preqin, Crunchbase, CreditSafe, Dun & Bradstreet, and UK Companies House.Deep industry data for Financial Institutions, Insurance, Energy, Real Estate, Metals & Mining, Healthcare, Industrials, Consumer Discretionary, and Technology, Media, and Telecoms. Millions of data points on public company financials, estimates, ownership, and transactions.A single platform for essential intelligence.Īccess an unrivaled breadth and depth of data from a powerful platform.
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