Plug Power Announces 2020 Second Quarter Results

Rhea-AI Summary

Plug Power has released its second quarter results for 2020, highlighting its role as a leading provider in the hydrogen fuel cell industry. The company announced significant advancements in e-mobility, deploying approximately 35,000 fuel cell systems globally. With a focus on sustainability, Plug Power is committed to expanding into zero-emission vehicles and robotics. The earnings call is scheduled for August 6, 2020, at 10:00 am ET, with a playback available online afterwards. For detailed insights, the shareholder letter can be accessed on their investor relations page.

Positive

• Deployed approximately 35,000 fuel cell systems, leading in the industry.
• Planning expansion into zero-emission vehicles and robotics markets.
• The largest buyer of liquid hydrogen, enhancing operational capacity.

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• None.

LATHAM, N.Y., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has announced today its 2020 second quarter results. The quarterly shareholder letter has been posted at http://www.ir.plugpower.com/Q220Plug.

Join the call:
Date: August 6, 2020
Time: 10:00 am ET
Participant Dial-In: 877-405-1239 / 201-389-0851
Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1351078&tp_key=c7fe17e5fa

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 approximately 35,000 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 highlights from Plug Power's second quarter results?

Plug Power reported the deployment of approximately 35,000 fuel cell systems and plans to expand into zero-emission vehicles and robotics.

When is Plug Power's earnings call for Q2 2020?

The earnings call is scheduled for August 6, 2020, at 10:00 am ET.

How many fuel cell systems has Plug Power deployed?

Plug Power has deployed approximately 35,000 fuel cell systems, making it the leader in the hydrogen fuel cell market.

What industries does Plug Power serve?

Plug Power serves various industries, including e-mobility, zero-emission vehicles, robotics, and data centers.

How can I access the shareholder letter from Plug Power?

The shareholder letter can be accessed on Plug Power's investor relations page.