Plug Power Announces 2021 First Quarter Results

Rhea-AI Summary

Plug Power Inc. (NASDAQ:PLUG) reported its first quarter results for 2021, showcasing its leadership in hydrogen fuel cell technology. The company has deployed over 40,000 fuel cell systems globally and is the largest buyer of liquid hydrogen. Plug Power is expanding its market reach into sectors such as zero-emission vehicles and data centers. Leveraging partnerships with major clients like Amazon and Walmart, the firm aims to enhance operational efficiency and sustainability. A shareholder letter and webcast detailing the results are available online.

Positive

• Deployed over 40,000 fuel cell systems, leading the global market.
• Strong partnerships with major clients including Amazon and Walmart.
• Rapid expansion into zero-emission vehicles and robotics markets.

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• None.

LATHAM, N.Y., June 22, 2021 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, has announced today its 2021 first quarter results. The quarterly shareholder letter has been posted at https://www.ir.plugpower.com/Q121Plug.

Join the call:

Date: Tuesday, June 22, 2021
Time: 8:30 am ET
Toll-free: 877-405-1239 / 201-389-0851
Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1474445&tp_key=3a59174a22

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.

Media Contact
Ian Martorana
The Bulleit Group
(415) 237-3681
plugpowerpr@bulleitgroup.com

FAQ

What were Plug Power's first quarter results for 2021?

Plug Power reported its 2021 first quarter results on June 22, detailing growth in hydrogen fuel cell deployments and market expansion.

How many fuel cell systems has Plug Power deployed?

Plug Power has deployed over 40,000 hydrogen fuel cell systems worldwide.

What is the stock symbol for Plug Power?

The stock symbol for Plug Power is PLUG.

What markets is Plug Power expanding into?

Plug Power is expanding into zero-emission on-road vehicles, robotics, and data centers.

Who are Plug Power's major customers?

Major customers of Plug Power include Amazon, BMW, The Southern Company, Carrefour, and Walmart.