Plug Power

Plug Power designs, develops, manufactures and commercializes fuel cell systems for electric lift trucks and materials handling equipment. Read more

Andrew J. Marsh's photo - President & CEO of Plug Power

President & CEO

Andrew J. Marsh

CEO Approval Rating

89/100

Founded:

1997

Status:

PublicIndependent CompanyNASDAQPLUG

PLUG POWER TOP COMPETITORS OR ALTERNATIVES

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Bloom Energy is a top competitor of Plug Power. Bloom Energy was founded in San Jose, California} in 2001. Bloom Energy competes in the Renewable Energy Equipment & Services industry. Compared to Plug Power, Bloom Energy generates $924.8M more revenue.

FuelCell Energy is Plug Power's #2 competitor. FuelCell Energy is headquartered in Danbury, Connecticut, and was founded in 1969. FuelCell Energy operates in the Electric, Water & Gas Utilities industry. FuelCell Energy generates -69.24% the revenue of Plug Power.

Ballard has been one of Plug Power's top competitors. Ballard is a Public company that was founded in 1979 in Burnaby, British Columbia. Like Plug Power, Ballard also competes in the Multi-Utilities industry. Compared to Plug Power, Ballard has 100 more employees.

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Plug Power Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$ < 1M

Plug Power Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
United Hydrogen Group, Inc.

Jun 2020

Source »
undisclosed
United Hydrogen is a producer and distributor of hydrogen gas products for commercial and industrial sectors.
Giner ELX, Inc.

Jun 2020

Source »
undisclosed
Giner ELX is a manufacturer and supplier of PEM electrolysis based on-site hydrogen gas generators for commercial and industrial sectors.
Energyor Technologies Inc.

Jun 2019

Source »
undisclosed
Energyor manufactures and distributes PEM fuel cell systems for the aerospace industry.
American Fuel Cell

Jun 2018

Source »
undisclosed
American Fuel Cell is a developer of Membrane Electrode Assembly technology based applications for on-road requirements.

These are all the companies that Plug Power has acquired. Plug Power has acquired 4 companies and its latest acquisition was United Hydrogen Group, Inc. in Jun 2020. United Hydrogen is a producer and distributor of hydrogen gas products for commercial and industrial sectors.

Plug Power Funding History

Since Plug Power was founded in 1997, it has participated in 12 rounds of funding. In total Plug Power has raised $2.3B. Plug Power's last funding round was on Jan 2021 for a total of $1.5B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Minority Stake
Jan 2021
$1.5B

SK Group

Post-IPO Debt
May 2020
$200M
-
Post-IPO Debt
Apr 2019
$100M
Private Placement
Oct 2018
$35M
-
Post-IPO Debt
Mar 2018
$100M
-

Since Plug Power was founded in 1997, it has participated in 12 rounds of funding. In total Plug Power has raised $2.3B. Plug Power's last funding round was on Jan 2021 for a total of $1.5B

Plug Power Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Universal Hydrogen is a California-based aviation company that designs and develops hydrogen-fueled aircraft for the commercial sector.
$20.5M
Apr 21, 2021
Series A
-
Koffie is a New York-based insurance agency that provides trucking insurance products and services for the transportation industry.
$4.5M
Feb 22, 2021
Seed
-

These are all the companies that Plug Power has invested in. Plug Power has invested 4 companies and its latest investment was United Hydrogen Group, Inc. in Jun 2020. United Hydrogen is a producer and distributor of hydrogen gas products for commercial and industrial sectors.

Plug Power News

June 10, 2021Associated Press News

Hydrogen fuel company sets $84M plant for southeast Georgia

ATLANTA (AP) - A company that produces hydrogen to fuel vehicles and electric generators says it will... See more »
June 3, 2021The Business Journals: Albany Business Review

Plug Power and Renault will bring delivery trucks, buses to market this year

The venture is is a signature piece of Plug Power and chief executive Andy Marsh's strategy to use th... See more »
May 28, 2021Green Car Congress

Johnson Matthey and Plug Power partner on next-generation electrolyzer technology for green hydrogen

Johnson Matthey has signed a Memorandum of Understanding with Plug Power. Under the MoU, the companie... See more »
May 14, 2021Benzinga

Technical Levels To Watch

Plug Power Inc. (NASDAQ: PLUG) shares gapped up Friday after the company announced it completed the r... See more »
May 14, 2021MarketWatch

Plug Power stock soars as restatement removes overhang of uncertainty

Shares of Plug Power Inc. surged Friday, after they hydrogen and fuel cell systems company completed ... See more »

Plug Power Blogs

May 5, 2021Plug Power Blog

PowerSpot: Kim McBride

This is PowerSpot, Plug Power's monthly blog series where we highlight the Plug Power employees who i... See more »
April 22, 2021Plug Power Blog

Earth Day 2021: Going All in on Green Hydrogen

In 2020, Plug Power solidified its global leadership position in green hydrogen solutions and built t... See more »
April 21, 2021Plug Power Blog

CTO Tim Cortes Testifies in Congress

On March 17, 2021, Tim Cortes, Chief Technology Officer for Plug Power had the opportunity to testify... See more »
April 15, 2021Plug Power Blog

PowerSpot: Lisa Kent

This is PowerSpot, Plug Power's monthly blog series where we highlight the Plug Power employees who i... See more »
April 14, 2021Plug Power Blog

Catch Plug Power's CEO at The Hill's Sustainability Imperative

Environmental sustainability is no longer optional; it's become an imperative. At 3:oo pm ET today, P... See more »
April 12, 2021Plug Power Blog

Rockstar of the Supply Chain: Sanjay Shrestha

In March, Food Logistics, the only publication exclusively dedicated to covering the movement of prod... See more »
March 25, 2021Plug Power Blog

How Governments and Businesses Can Unlock Global Markets for Green Hydrogen

By Andy Marsh, as published by Forbes Technology Council The future looks promising for green hydroge... See more »

Plug Power Press Releases

April 24, 2021centralcharts

Plug Power Inc. - PLUG Stock Chart Technical Analysis for 04-23-2021

News videos - Plug Power Inc. - PLUG Stock Chart Technical Analysis for 04-23-2021 - Published on 04/... See more »
April 22, 2021Business Wire

JetBlue Technology Ventures Invests in Universal Hydrogen to Support the Airline's Ambitious Sustainability Strategy

SAN CARLOS, Calif.--(BUSINESS WIRE)--JetBlue Technology Ventures (JTV), the venture capital subsidiar... See more »
April 20, 2021NewsFile

The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Plug Power Inc. and Encourages Investors with Losses in Excess of $250,000 to Contact the Firm

Los Angeles, California--(Newsfile Corp. - April 20, 2021) - The Schall Law Firm, a national sharehol... See more »
April 9, 2021NewsFile

Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Plug Power, Inc.

Radnor, Pennsylvania--(Newsfile Corp. - April 9, 2021) - The law firm of Kessler Topaz Meltzer & Chec... See more »
April 8, 2021GlobalNewswire

Plug Power Invited to Submit Part II Application for Proposed $520 million from DOE's Title XVII Loan Guarantee Program

LATHAM, N.Y., April 08, 2021 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider o... See more »
April 6, 2021PR-Inside

Bronstein, Gewirtz & Grossman, LLC Reminds ...

(PR-inside.com) NEW YORK, NY / ACCESSWIRE / April 6, 2021 / Bronstein, Gewirtz & Grossman, LLC notifi... See more »
March 30, 2021PR-Inside

Bronstein, Gewirtz & Grossman, LLC Reminds Plug ...

(PR-inside.com) NEW YORK, NY / ACCESSWIRE / March 30, 2021 / Bronstein, Gewirtz & Grossman, LLC notif... See more »

Plug Power Videos

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Plug Power Headquarters

968 Albany Shaker Road

Latham, New York12110

518-782-7700

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Plug Power Summary

ABOUT

Overview

Plug Power designs, develops, manufactures and commercializes fuel cell systems for electric lift trucks and materials handling equipment. Plug Power was founded in 1997. Plug Power's headquarters is located in Latham, New York, USA 12110. It has rais...

CEO

Plug Power's President & CEO, Andrew J. Marsh, currently has an approval rating of 89%. Plug Power's primary competitors are Bloom Energy, FuelCell Energy & Ballard.

Frequently Asked Questions about Plug Power

  1. When was Plug Power founded?

    Plug Power was founded in 1997
  2. Who is Plug Power's CEO?

    Plug Power's CEO is Andrew J. Marsh
  3. How much revenue does Plug Power generate?

    Plug Power generates $ < 1M in revenue
  4. How much funding does Plug Power have?

    Plug Power has historically raised $2.3B in funding
  5. Where is Plug Power's headquarters?

    Plug Power's headquarters is in Latham New York, USA
  1. How many employees does Plug Power have?

    Plug Power has 685 employees
  2. What sector does Plug Power operate in?

    Plug Power is in Multi-Utilities, Renewable Energy Equipment & Services
  3. Who are Plug Power's competitors?

    Plug Power's top competitors are Bloom Energy, FuelCell Energy, Ballard
  4. Who has Plug Power invested in?

    Plug Power's has invested in companies such as Universal Hydrogen, Koffie