Plug Power Announces 2022 Fourth Quarter and Year End Results

Rhea-AI Summary

Plug Power Inc. (NASDAQ: PLUG) reported its fourth quarter and year-end results for 2022 on March 1, 2023. The company continues to lead in the hydrogen fuel cell market, having deployed over 60,000 systems globally. Their vertically integrated GenKey solution supports key clients like Amazon and Walmart, underlining Plug's role in the shift to sustainable energy. The firm emphasizes its commitment to expanding into zero-emission vehicles and robotics markets. A conference call for shareholders is scheduled for the same day, providing further insights into their financial performance and future strategies.

Positive

• Leading provider of hydrogen solutions with over 60,000 deployed fuel cell systems.
• Strong relationships with major clients, including Amazon and Walmart.
• Expansion into zero-emission vehicles and robotics markets.

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• None.

LATHAM, N.Y., March 01, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has announced today its 2022 fourth quarter and year end results. The quarterly shareholder letter has been posted at  https://www.ir.plugpower.com/Q422Plug.

A conference call will be held today, March 1, 2023.

• Time: 4:30 pm ET
• Toll-free: 877-407-9221 / +1 201-689-8597
• Direct webcast: https://event.webcasts.com/starthere.jsp?ei=1599574&tp_key=9ef88f116c

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 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 created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the Company has deployed over 60,000 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 delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs.

Plug’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 financial results of Plug Power for Q4 2022?

Plug Power announced its Q4 2022 results on March 1, 2023, detailing its performance during the quarter.

How many fuel cell systems has Plug Power deployed?

Plug Power has deployed over 60,000 hydrogen fuel cell systems worldwide.

Who are Plug Power's major clients?

Plug Power's major clients include Amazon, Walmart, BMW, and Carrefour.

What markets is Plug Power expanding into?

Plug Power is expanding into key markets like zero-emission on-road vehicles and robotics.

When is the Plug Power shareholder conference call?

The shareholder conference call is scheduled for March 1, 2023, at 4:30 PM ET.