Plug Power Announces 2020 Fourth Quarter and Year End Results

Rhea-AI Summary

Plug Power Inc. (NASDAQ:PLUG) reported its fourth quarter and year-end results for 2020 on February 25, 2021. The company, a leader in hydrogen fueling solutions for e-mobility, continues to drive the hydrogen economy forward with innovative technologies. Having deployed over 40,000 fuel cell systems globally, Plug Power is recognized as the largest buyer of liquid hydrogen. Its GenKey solution integrates key elements for operational efficiency and sustainability, serving major clients like Amazon and Walmart while exploring expansion in zero-emission vehicles and data centers.

Positive

• Plug Power has deployed over 40,000 fuel cell systems, making it the largest provider in the market.
• The company is the largest buyer of liquid hydrogen, enhancing its supply chain.
• Plug Power's GenKey solution promotes operational efficiency and sustainability for major clients.

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• None.

LATHAM, N.Y., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has announced today its 2020 fourth quarter and year end results. The quarterly shareholder letter has been posted at http://www.ir.plugpower.com/Q420Plug.

Join the call:

Date: Thursday, February 25, 2021

Time: 8:30 am ET

Toll-free: 877-405-1239

Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1434835&tp_key=a60c80e7fa

Both the shareholder letter and webcast can be accessed at www.plugpower.com, on the company’s home and investor relations pages. A playback of the call will be available online for a period following the event.

About Plug Power Inc.

Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals.

Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the Company has deployed over 40,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs.

Plug Power’s vertically integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The Company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers.

Plug Power Contact
Teal Vivacqua Hoyos
plugpower@pluckpr.com
Source: PLUG POWER

FAQ

What are the key financial results for Plug Power in Q4 2020?

Plug Power announced its Q4 2020 results, indicating growth in hydrogen fueling solutions.

How does Plug Power contribute to the hydrogen economy?

Plug Power is a leading provider of hydrogen fuel cell solutions, significantly impacting the hydrogen economy.

Who are Plug Power's main customers?

Plug Power serves major customers including Amazon, BMW, and Walmart.

What is the significance of Plug Power's GenKey solution?

The GenKey solution integrates essential elements for fueling and servicing hydrogen-powered systems.