Plug Power
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.
| Company type | Public company |
|---|---|
| |
| ISIN | US72919P2020 |
| Industry | Alternative energy |
| Founded | 1997 |
| Headquarters | , U.S. |
Key people | Andrew Marsh, CEO George C. McNamee, chairman |
| Products | Fuel cell systems |
| Revenue | US$701 million (2022) |
| -US$680.0 million (2022) | |
| -US$724 million (2022) | |
| Total assets | US$5.764 billion (2022) |
Number of employees | 3353 (2022) |
| Website | plugpower |
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.
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