Plug Power

Founded in 1997, Plug Power has established its headquarters in Latham, New York, specializing in hydrogen fuel cell solutions within various business sectors. Among these, the material handling segment is prominent, focusing on equipping electric vehicles such as forklifts used in the logistics industry with hydrogen fuel cells. In the on-road vehicles category, the company is at the forefront in developing technologies tailored for larger vehicles, including delivery vans and trucks. Plug Power also addresses the needs for stationary power, offering fuel cell products that serve as backup and continuous power sources across different industries. In the pursuit of green energy advancements, the manufacturing of electrolyzers for green hydrogen production stands out as a key segment. Furthering the sustainability agenda, the company provides energy storage solutions that harness hydrogen technology to store renewable energy. While Plug Power does not market distinct brands, instead, the corporate name is synonymous with fuel cell and hydrogen technology solutions. The United States is the central market for Plug Power's products and services, accounting for a significant share of its sales and operations. Expansion efforts in Europe have resulted in a growing presence in nations that are investing heavily in hydrogen infrastructure. Asia, too, is part of Plug Power's strategic market, with partnerships in countries invested in hydrogen economies, such as South Korea. These regions are indicative of the company’s expanding global footprint in the renewable energy sector, particularly in markets that show a strong commitment to the development of hydrogen-based technologies. (Powered by AI)