Plug power logo9/24/2023 ![]() Plug Power’s fuel cells are primarily used in electric vehicles, such as delivery vans and forklifts, where they replace traditional lead-acid batteries or internal combustion engines. is a company that specializes in the development and manufacturing of hydrogen fuel cell systems for various applications, primarily in the material handling and transportation industries. This comes as Plug Power announced a record in electrolyzer stack platform manufacturing in Q1 of 2023. ![]() In a press release by the company, they mentioned that this new fuel cell system has already garnered significant interest by delivery van fleets, utility companies with large maintenance vehicle fleets, and rental car companies with battery EVs. ![]() While the planned production plants must go through an FID (Final Investment Decision) in 2025 / 2026, this project has the potential to massively increase Plug Power’s international production footprint over the next few years.Īdditionally, earlier this month, Plug Power introduced a new high-powered stationary fuel cell system for charging commercial electric vehicle fleets, opening up large new customer bases. Earlier this week, Plug Power announced a $6 billion dollar investment into 3 green hydrogen and ammonia production plants in Finland, which are planned to produce 850 tons per day (TPD) of green hydrogen. ( PLUG) has wasted no time in expanding its global hydrogen production and manufacturing footprints. government and other governments around the world investing heavily into renewable energy and hydrogen, Plug Power Inc.
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