2024-02-01 08:46:58 ET
DENVER, Colo., Feb. 1, 2024 ( www.247marketnews.com )- Plug Power Inc. (NASDAQ: PLUG) reported, this morning, that it completed the first fill of a Plug tanker with liquid green hydrogen produced at its Woodbine, Georgia production plant, for delivery to customer sites. The move follows last week’s official commencement of operations at the plant. Plug’s cryogenic trailer was filled with liquid hydrogen for use at Walmart, Amazon and Home Depot sites, and is enough liquid hydrogen to fuel 3,216 forklifts a day.
Plug Power is trading at $4.94, up $0.49 (+11.01%), on 5.8M shares traded.
Its 52-week range is $2.2625 to $18.88. It hit a new 52-week low a couple of weeks ago, but has rallied since and has a nice gap from about the $5 level to the $6 level.
“Plug’s Georgia plant currently operates eight 5-megawatt (MW) electrolyzers, the largest proton exchange membrane (PEM) electrolyzer deployment in the U.S. The plant can produce up to 15 tons per day of liquid green hydrogen and serves customers in the eastern U.S. From production to fill, the process was completed in about four days, and now-on, the trailers will deliver the green hydrogen to customers through Plug’s extensive logistics network.”
Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 60,000 fuel cell systems and over 180 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.
Website www.plugpower.com .
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Plug Power (NASDAQ: PLUG) Executes First Customer Liquid Green Hydrogen Fill at its Georgia Plant