Plug Power, Inc.
Key Metrics
Market Snapshot
About
Plug Power, Inc. designs, develops, and manufactures hydrogen fuel cell systems that replace conventional batteries in equipment and vehicles powered by electricity. Headquartered in Latham, New York, the company was founded in 1997 and has grown to become a leading provider of comprehensive hydrogen fuel cell turnkey solutions. Plug Power serves multiple markets including material handling, e-mobility, and stationary power applications, with its primary customers including major distribution centers, manufacturing facilities, and logistics operations. The company's product portfolio includes GenDrive fuel cell systems for material handling vehicles, ProGen fuel cell engines for electric vehicles, GenSure stationary fuel cells for backup power, and a growing hydrogen infrastructure business encompassing liquefaction plants, fueling stations, and electrolyzer systems for green hydrogen production. Plug Power operates manufacturing facilities in New York, Tennessee, and Texas, and maintains a network of hydrogen production and distribution assets across North America. The company has made strategic acquisitions to vertically integrate its hydrogen supply chain, including United Hydrogen and Applied Cryo Technologies, positioning itself to build an end-to-end green hydrogen ecosystem. With over 60,000 fuel cell systems deployed and more than 200 fueling stations installed, Plug Power serves major customers including Amazon, Walmart, and BMW while expanding its presence in Europe and Asia.