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Plug Power information


Plug Power Inc.
Company typePublic company
Traded as
  • Nasdaq: PLUG
  • Russell 1000 component
ISINUS72919P2020
IndustryAlternative energy
Founded1997; 27 years ago (1997)
Headquarters
Latham, New York
,
U.S.
Key people
Andrew Marsh, CEO
George C. McNamee, chairman
ProductsFuel cell systems
RevenueIncrease US$701 million (2022)[1]
Operating income
Increase -US$680.0 million (2022) [1]
Net income
Increase -US$724 million (2022) [1]
Total assetsIncrease US$5.764 billion (2022)[1]
Number of employees
3353 (2022)[1]
Websiteplugpower.com

Plug Power Inc. is an American company engaged in the development of hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity. The company is headquartered in Latham, New York, and has facilities in Spokane, Washington, and Rochester, New York.

Plug Power's GenDrive system integrates fuel cells manufactured by both Plug Power and Ballard Power Systems and incorporates a hydrogen storage system that allows the system to "recharge" in a matter of minutes as opposed to several hours for lead-acid batteries. It allows hydrogen-powered forklifts to run at a constant steady power. GenDrive units occupy the same space designed for conventional batteries.

  1. ^ a b c d e "Plug Power Revenue 2010-2023 | PLUG".

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