Plug Power Announces 2021 Third Quarter Results

Rhea-AI Summary

Plug Power Inc. (NASDAQ:PLUG) reported its 2021 third quarter results on November 9, 2021. The company is a leader in hydrogen solutions, focusing on the green hydrogen economy. They have deployed over 50,000 fuel cell systems and are the largest buyer of liquid hydrogen in North America. Plug Power's GenKey solution integrates essential services for customers like Amazon and Walmart, while also expanding into new markets such as zero-emission vehicles and robotics. A shareholder letter with detailed results is available online.

Positive

• Plug Power deployed over 50,000 fuel cell systems, more than any competitor.
• Company is the largest buyer of liquid hydrogen, enhancing market position.
• Expansion into new markets like zero-emission vehicles and robotics.
• Strong customer base including major companies like Amazon and Walmart.

Negative

• None.

LATHAM, N.Y., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has announced today its 2021 third quarter results. The quarterly shareholder letter has been posted at https://www.ir.plugpower.com/Q321Plug.

A conference call will be held today, November 9, 2021.

• Time: 4:30 pm ET
• Toll-free: 800-942-2493; 212-271-4651
• Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1510051&tp_key=525497cacf
  

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 50,000 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.

SOURCE: PLUG POWER

Plug Power Media Contact
Caitlin Coffee
Allison+Partners
(312) 635-8204
PlugPR@allisonpr.com

FAQ

What were the key highlights from Plug Power's Q3 2021 results?

Plug Power announced strong deployment figures, with over 50,000 fuel cell systems installed and significant customers like Amazon and Walmart.

How is Plug Power contributing to the hydrogen economy?

Plug Power provides comprehensive hydrogen fuel cell solutions, leading the market with innovative technology aimed at reducing carbon emissions.

Where can I access Plug Power's Q3 2021 shareholder letter?

The shareholder letter is available online at Plug Power's investor relations page.

Which companies are customers of Plug Power?

Customers include Amazon, BMW, Carrefour, Walmart, and The Southern Company.