Plug Power Inc (PLUG) Cotización

California Approves $1.4 Billion Investment in Hydrogen Refueling Stations and EV Charging Infrastructure
By Fuel Cells Works
December 13, 2024
https://fuelcellsworks.com/2024/12/13/green-investment/california-approves-1-4-billion-investment-in-hydrogen-refueling-stations-and-ev-charging-infrastructure

Steve - Using your logic, Bashers are the only ones being honest.

Owning Plug is like having death by a thousand cuts. It just bleeds your money and spirit dry. How has Andy been any different than the scam they just tried to play on me, and they do this to people that have already been victims and mostly older. Seems people have no souls anymore. They will come across as nice people and scam you of your money in a second. Reminds me of some on the Yahoo board that are obvious sorters pumping the stock up so they can short it and then bash it down. All a game to steal money. Sad way to go through life.

EVEN MORE BAD NEWS !

https://cleantechnica.com/2024/12/12/hydrogen-ships-are-seeing-same-pattern-as-all-hydrogen-fleets/

WTM - Jose Crespo, Chief Revenue Officer, says that PLUG doesn't need the $1.6 billion loan.

Plug can always add Debt, Dilution and Toxic Financing as they have in the past.

Hyvia the game changer is yet another MULAG ... only worse.

A writedown ?

Not directly related to PLUG. However, I hope that PLUG related news will follow soon.

EVgo Closes DOE Loan
December 12, 2024 5:00 PM ET
Link to Webcast https://events.q4inc.com/attendee/299880545
Link to Presentation https://s27.q4cdn.com/370825096/files/doc_presentations/2024/Dec/2024-12-12-EVgo-Closes-DOE-Loan.pdf

MORE BAD NEWS !

https://hydrogen-central.com/westwood-insight-over-a-fifth-of-all-european-hydrogen-projects-stalled-or-cancelled/

Here's an interesting read :

What is smarter ?  Buying cheap power from a financially solid proven producer ?

Or buying expensive power from a struggling newbie to the sector.?

https://finance.yahoo.com/news/exxonmobil-planning-large-gas-fired-152012290.html

Sold all PLUG stock nearly one year ago. Check back occasionally to see any updates. Not likely that PLUG will ever by successful, but maybe a larger company will buy or merge.

Jack,

Yes, but if PLUG will close above EMA4 ($2.49) that would be very good.
We still have few hours. Let's wait till the end of the day.
Green to all!

KR-3 - Not so much today ...

Every PLUG Rally fades within days.

No one should be fooled by a Santa Claus Rally.

Great support at MA200 - $2.56

I think the last 200 million offering allows them to sell at $4.00. Would that be enough to stop the rally if they sold and put a cap on the price?

So, are you thinking it spikes up to the red line with a major announcement all of a sudden or will it be a long climb back?

PLUG...........................https://stockcharts.com/h-sc/ui?s=PLUG&p=W&b=5&g=0&id=p86431144783

PLUG.....................................https://stockcharts.com/h-sc/ui?s=PLUG&p=W&b=5&g=0&id=p86431144783

trading above the 200 for the first time in ages

Some hope?

More BS from Plug for sure. We can make it without the DOE loan. How? If so, why haven't you done it by now? I'm tired of the H2 is easy, we have investors lined up, there's no problem getting money garbage. Sure, you can sellout shareholders and dilute the stock and do a few reverse splits like Nikola to by time and stay alive, but that helps only insiders and shorts. The rest of us get screwed. Even with the money they are 2 years behind and that's from now. So, at best most likely and assuming they have the demand and a better battery or nuclear does not take their future market away looking at 2028 to maybe break even. If they cannot make a better case to the future existence and need for green hydrogen then why do they even exist, but to feather their own nest. Unless there is some remarkable development that lowers the cost of producing hydrogen dramatically, I'm not sure this even holds its niche status with forklifts. I mean what is the long-term case for H2 when better batteries are soon coming to the market?

"Why doesn't anyone post that's the bank of Norway with 88 million shares of plug would not under any condition let plug go bankrupt"

because they would...if it happens, it happens...and i believe the bank owns about 70 mil shares...

neither blackrock, buffet or anyone else bats a thousand...EVERYONE in the market loses from time to time...and you just write it off against your winners...the bank has $175 bil invested in the 6-7 biggest companies in the world...and they ALL went up big in the past year...$36 bil was in NVDA alone and it tripled in the last year...

do you think the bank would really care if they had to write off a few hundred mil from plug?...do you think they would really feel like they have to bail out the whole company by throwing good money after bad in order to try to save a few hundred mil?....

i sure dont...

Plug Power Green Hydrogen: Scaling for Profitable Growth
December 7, 2024
https://fuelcellz.com/plug-power-green-hydrogen/

Plug Power is revolutionizing the green hydrogen market with bold strategies to expand production, improve profitability, and capitalize on growing global demand. Speaking at the Jefferies Renewable and Clean Energy Conference on December 4, 2024, Chief Revenue Officer Jose Luis Crespo highlighted Plug Power’s roadmap for achieving a 30% compound annual growth rate (CAGR). This growth hinges on expanding hydrogen capacity, driving innovation in fuel cell technology, and leveraging government support for long-term scalability.

Key Highlights of Plug Power’s Strategy:

- Hydrogen production facilities: Tennessee (10 tons/day), Georgia (15 tons/day).
- New plant launching in Q1 2025 to add 15 tons/day, reaching 40 tons/day capacity.
- Texas plant by 2027 to add 45 tons/day, for a total of 85 tons/day.
- DOE loan supports up to six plants over the next decade.
- Louisiana plant simplifies production using byproducts from Olin Corporation.
- Positive margin targets for hydrogen operations by 2025.
- Building a Plug Power Green Hydrogen Network

Plug Power Green Hydrogen is rapidly scaling production to meet growing demand. By early 2025, the company will operate three facilities producing a combined 40 tons of green hydrogen daily. Expansion continues with the Texas plant, set to launch in 2027, which will increase capacity to 85 tons per day.

The Department of Energy (DOE) loan program, covering up to 80% of plant costs, has been crucial in funding these projects. The Texas facility, benefiting from a highly competitive Power Purchase Agreement (PPA), is poised to become Plug Power’s most cost-efficient hydrogen producer, underscoring its critical role in the company’s growth strategy.



Innovating for Better Margins
Achieving positive margins in hydrogen production is a top priority. Since 2023, Plug Power has progressively raised hydrogen prices for major customers, transitioning to self-produced hydrogen for 25 of the 50 tons it supplies daily. Additionally, long-term contracts and 45V tax credits are helping Plug Power reduce costs and increase profitability. With these efforts, the company is on track to achieve margin-positive hydrogen operations by 2025?

Driving Plug Power Green Hydrogen Growth with Technology and Partnerships
Plug Power’s technological advancements are integral to its green hydrogen success. By optimizing fuel cell stacks and reducing reliance on precious materials, Plug is lowering production costs and enhancing system reliability. These improvements not only reduce service costs but also boost customer satisfaction, strengthening Plug Power’s competitive edge in the market?

Collaborations with strategic investors and government entities further support Plug Power’s goals. With $8 billion in booked electrolyzer projects, each gigawatt converted represents up to $1 billion in revenue. This underscores Plug Power’s potential to scale rapidly while maintaining financial stability?

In the following video Alfred Benedict Discusses AGA Green Ammonia Project



Overcoming Market Challenges
One challenge for green hydrogen is competing with more affordable alternatives like grey hydrogen. Plug Power addresses this by focusing on cost-efficient production methods and leveraging partnerships to align with evolving market dynamics. These efforts ensure that green hydrogen remains a viable and scalable solution

WTM - This bears repeating :

At the Jefferies Renewables & Clean Energy Conference, CRO Jose Luis Crespo has the following to say:

"Obviously the DOE loan makes it more attractive, but at the end of the day, I think we can make it quite attractive even without the DOE loan.

Regarding other plans, we'll have to see right now. We'll have to see. "IF" ... we do Texas, we will be adding 45 tons a day to the 40 that we have. By that time, we will be at 85. This is probably in the 2027 time range."

Is the Texas plant not a done deal ? Now 2027 .... "IF" ?

Here is an Interesting Read :

https://seekingalpha.com/article/4742804-plug-power-trending-positive-but-the-momentum-is-tenuous?mailingid=37762179&messageid=2800&serial=37762179.2490&source=email_2800&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=37762179.2490

Nomad - If PLUG ever declares Bankruptcy that doesn't mean they are going out of business.

It just means that theuu aren't able tp pay their bills. PLUG's much hyped JV with Renault is having this same problem at the moment.

I seriously doubt that the Bank of Norway would step in to prevent a PLUG Bankruptcy filing.

Why doesn't anyone post that's the bank of Norway with 88 million shares of plug would not under any condition let plug go bankrupt and I am sure if needed they have a good reason to to protect their shares in the future as they make 88 million dollars every time that goes up one dollar I also find it interesting that no one ever mentions plugs access to funds and keep making it look like it has a problem accessing funds and doesn't know what it's doing if it did it wouldn't be going where it has been so far in the last few years and the bank of Norway only backs up future winners they keep posting like they're poor and can't access money even though Bank of Norway has 669 billion dollars get back them with and would not have bought the stock to lose it especially since they have the money to make it work like all its other Investments why is this never posted and two times in the last month hundreds of millions of shares have been accumulated on the side and not by poor people it takes a blind person to think they're just going to run out of money and go under costing the bank hundreds of millions of dollars when they make a billion dollars every time plug goes up $12 a share

Don’t we get worked up

Human beings are a pile if s...h...t at times

"I guess we should all wear the same clothes too"

why would you want that?...and who is talking about clothes anyway?...

"Im glad we still have the freedom of choice"

yup..you still have that...you can choose to drive gas cars that will destroy our environment...thank goodness for that...

or you can choose fcev that will require a trillion dollars (which we dont have) worth of infrastructure...??

or maybe one can think about others, the future, and the environment...

but yea...thank goodness you have the freedom to not care at all...

I guess we should all wear the same clothes too.Im glad we still have the freedom of choice

carmakers are idiots...they are making gas cars, EV's, hydrogen vehs, hybrids etc etc...they dont know what the hell they want...they are offering too many choices...no one wants to buy an ev if fcev is what is going to be the way to go...and vice versa...no one wants to buy a gas car if they are on the way out...

once the batteries exist that can make an EV go 800-1000 miles on a 10 min charge, they wont need to make anything but EV's...shouldnt take too much longer...

infrastructure to support EV's will be easy and extremely cheap compared to the trillions hydrogen infrastructure will take...

Not the same engine and others big automotive and truck companies are developing hydrogen engines, so these guys are not the only ones. They must feel there is a future.

Steve - A New Technology Engine that uses an Expensive Fuel (hydrogen) and Pollutes .

Hopefully science can do better than this. I saw this type of Engine at Mazda, theirs had several "combustion gaps" along the lenght of the "cylinder" and there were multiple power strokes per rotation. Up to 19,000 RPM.

Mazda said they won't be commercializing their engine any time soon.

This new hydrogen engine maybe the answer this industry was looking for? https://astronaerospace.com/videos/

Got the following response to my previous post from Stocktwits user Gio_F.
Link https://stocktwits.com/Gio_F/message/595384672

Thanks for sharing. Treasury had already announced on October 1st [source-1] that this would come. And they shared the rules with the highest priority to be finalized before year end.

Those were:
1. Finalize § 45Y Clean Electricity PTC
2. Finalize § 48 Energy Investment Tax Credit
3. Finalize § 45V Clean Hydrogen PTC
4. Finalize § 45X Advanced Manufacturing PTC

UPDATED with latest news:
1. Not yet finalized, final rule will come before year end.
2. Finalized per December 4, 2024 [source-2]
3. Not yet finalized, final rule will come before year end.
4. Finalized per November 8, 2024 [source-3]

So: it's 2 down, and 2 more to go. And still some people here at the $PLUG board want to make you believe the 45V rule will not come in time. It will be here before Christmas and the whole US hydrogen market will profit; Plug Power in particular.

Seems like this lower cost technology is a better solution for energy storage. https://www.msn.com/en-us/money/other/the-breakthrough-battery-technology-that-could-replace-lithium-ion-for-energy-storage/vi-AA1voqIQ?ocid=msedgdhp&pc=U531&cvid=50cd5458ea9a47f1959f8dbfc739102f&ei=25

What do you guys think?

PLUG.....................https://stockcharts.com/h-sc/ui?s=PLUG&p=W&b=5&g=0&id=p86431144783

Repost from FCEL board, courtesy of Hoghead7.

Final rules for ITC final draft printed on 12/12/24! This is unofficial for section 48 ITC
https://public-inspection.federalregister.gov/2024-28190.pdf

thank you kingrichard!
makes for interesting reading the timeline of its production is interesting as it started 3 months after conditional approval but only took a few months - I have been involved with Environmental assessments which took 2 years!

rgmorris, great post, thank you. FYI, the article posted earlier today by KR3rd (link https://www.energy.gov/lpo/ea-2281-draft-environmental-assessment-limestone-green-hydrogen-production-project) had a link to the "DRAFT Environmental Assessment Limestone Green Hydrogen Production Project" which includes the water requirements for Plug Power hydrogen production plant in Texas, as shown below.

"The Project will use between 350,000 and 500,000 gallons of reclaimed water per day, accounting for approximately 58.3 to 83.3 percent of the City’s supply of reclaimed water. The water use agreement between the City and Plug Power will include provisions for the line with reclaimed water to be open to other members of the community for future irrigation use; reclaimed water is not currently authorized for any other purposes. The City anticipates future irrigation uses to require 5,000 gallons per day, leaving the City with a surplus of at least 95,000 gallons per day of raw water. The Project will not affect the local or regional water supply."

Source https://www.energy.gov/sites/default/files/2024-12/Limestone%20EA_draft%20clean%20120424%20.pdf

For your knowledge, In the comment of the report below stated in a groundwater withdrawal application this is part of the permitting application accounts The Rules for Environmental Planning Criteria and drought contingency plan for the state of Georgia

Plug’s plant in Georgia uses at least seven times more water than the company publicly claimed. While Plug’s website says that the facility would use a maximum of 74,300 gallons of water per day, the company already has access to 587,520 gallons daily and stated in a groundwater withdrawal application that it will need up to a million gallons daily to operate the plant. Overall, Plug is aiming to secure a total of up to 1.7 million gallons per day for the Georgia facility.



Actual numbers are as follows at 15 TPD Rate

161 GPM = + 231,840 GPD usage with
Reject to Sanitary System-for reuse + 30 GPM = +43,200 GPD back to the city for reuse.


For the Texas facility, in order to optimize and reduce the water consumption, closed loop air cooler systems were selected for both Electrolyzer and Liquefaction system. This selection will significantly reduce the overall consumption, putting the Texas facility at ~3 gal/kg-LH2 produced.



DoE Loan is to go to cap ex funding, up to 80%, for 6 green hydrogen products. Has nothing to do with Op ex or cash for the daily running of Plug Power’s operations.



Again, Hunterbrook Media is tied to a hedge fund, Hunterbrook Capital. It’s basically “investigative journalism” to serve the investors in the hedge fund.
ttps://www.newyorker.com/news/annals-of-communications/is-hunterbrook-media-a-news-outlet-or-a-hedge-fund

Must be why PLUG is up 20% day. Really really really good day.

DRAFT Environmental
Assessment Limestone
Green Hydrogen Production
Project

Texas site ok'd 

Has Anyone Found Any News To Bring
This Somewhat Surprise?

KR3, "Green, for lack of a better word, is Good."

Jammy,
It's ok to be short.
I like to have info from a different angle.

BTW.
I'm long from $1.91, so let's pass the $4 after loan approval.

Green to all!!!

Maybe this is something what we are looking for?

https://www.energy.gov/lpo/ea-2281-draft-environmental-assessment-limestone-green-hydrogen-production-project

I just love that you’re getting burned today. ouch

what have you heard? any links available…. I see lots of chatter but nothing factual

PLUG...............................https://stockcharts.com/h-sc/ui?s=PLUG&p=W&b=5&g=0&id=p86431144783

it seems that some took the estimates of what is required for the actual electrolysis as the requirements fo rthe plant. there is a factor of 3 or 4 required for cooling and other activity in the BOP. Hopefully less during colder months

same seems to be for Texas.

another reason Muddy Run in PA should have been done they had unlimited water on site there and this would then have been known for Georgia

This could be reason the expansion of Georgia is no longer being talked about

miniaturization is the way forward - focus on max 5MW at a time, may 1 MW like Amazon where the water required is much more reasonable

Producing at point of use also makes the economic case easier.

$5.50 a kg retail price now…