Plug Power reveals growth path and new deals, analyst day review

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The company emphasized a roadmap to 2030, capitalizing on current growth. The company aims to exceed 2,000 tons of daily hydrogen production from its green hydrogen network, including its first kiloton-scale plant by 2030. Furthermore, Plug envisions deploying one gigawatt (GW) of stationary power products, shipping five GW of electrolyzers annually, and supplying 500,000 fuel cell-powered forklift trucks by 2030.

Plug introduced the HL 1500, the market’s first portable hydrogen refueler, reducing costs and deployment time for medium-duty and heavy-duty hydrogen-powered commercial vehicles. The self-contained fueling station “on wheels” has gained traction with major transit agencies like Rochester Genesee Transit and SamTrans. Shipments will be delivered to three transit customers by year-end.