Plug Power Inc.

Headquarters: Latham, NY, United States

Founded: 1997

Employees: 2,249

CEO: Mr. Andrew J. Marsh

show_chart NASDAQ: PLUG +2.80%

Market Cap

$7.93 Billion

USD as of July 1, 2023

history Market Cap History

Company Description

Plug Power Inc. is a company engaged in clean hydrogen and zero-emission fuel cell solutions. It develops hydrogen fuel cells that can replace conventional batteries in diverse equipment and electric vehicle, recharging much faster and delivering much more constant power than conventional batteries, as well as equipment to use and produce hydrogen.

Plug Power Inc. market capitalization over time

Evolution of Plug Power Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Plug Power Inc.

Detailed Description

Plug Power Inc. provides hydrogen fuel cell turnkey solutions for the mobility, material handling, and stationary power markets in North America and internationally. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing internet of things-based maintenance and service program for GenDrive and GenSure fuel cells, GenFuel hydrogen storage and dispensing products, and ProGen engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzer, a hydrogen generator optimized for clean hydrogen production. The company offers its products to retail distribution and manufacturing businesses through a direct product sales force, original equipment manufacturers, and dealer networks. It has a strategic partnership with Airbus SE to decarbonize air travel and airport operations with green hydrogen; and Fortescue Future Industries to manufacture electrolyzer technology in Australia. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.


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Product & Services

Fuel cell systems

Key People

Andrew Marsh, CEO George C. Mc Namee, chairman


Revenue: US$230.2 million (2019)

Operating income: -US$50.0 million (2019)

Net income: -US$85.5 million (2019)

Total assets: US$771.2 million (2019)

Total equity: US$134.7 million (2019)



968 Albany Shaker Road

Latham, NY 12110

United States

Phone: 518 782 7700