Full-Time
Produces hydrogen fuel cells and services
$79.2k - $118.8k/yr
Albany, NY, USA
In Person
Travel to customer locations is required as needed.
Bachelor's
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Plug Power provides hydrogen fuel cell systems and related services for clean energy. It sells hydrogen-powered fuel cell units and offers hydrogen supply, along with end-to-end services like GenKey, a turnkey deployment package, and GenCare maintenance. Its products work by converting hydrogen into electricity through fuel cells, enabling zero-emission power for logistics, manufacturing, and transportation. The company differentiates itself by offering a complete, integrated solution: a large installed base (over 40,000 fuel cell units), an extensive network of hydrogen refueling stations, and comprehensive support and hydrogen supply under one roof. Its goal is to help customers reduce their carbon footprint and transition to sustainable, hydrogen-based energy across industries.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Town of Colonie, New York
Founded
1997
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Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Performance Bonus
Paid Vacation
Paid Sick Leave
Paid Holidays
Wellness Program
Professional Development Budget
Mental Health Support
Hydrogen fuel cell news: Microsoft and Plug Power test 3 MW backup system for hydrogen data centers. Plug Power and Microsoft tested a 3 MW hydrogen fuel cell backup prototype that matched diesel performance in simulated data center outages, emitting only water and heat at the point of use. Keeping data centers up and running is crucial because every single app, transaction, and AI operation relies on constant power. For years, diesel generators were the go-to backup solution, but those come with a hefty environmental cost - lots of CO[2] emissions and other pollutants, which are at odds with our sustainability goals. Enter the exciting pilot project from Plug Power and Microsoft. They're trialing a slick 3 MW hydrogen fuel cell system as a direct replacement for those old diesel generators. This setup, located in two 40-foot containers at Plug Power's facility in Latham, is designed to match the performance and... How was this article?
Plug Power's green hydrogen journey: financial recovery and future potential. Key points. * Plug Power is focusing on a green hydrogen ecosystem for sustainable energy. * Recent financial data shows a revenue increase, indicating recovery potential. * Strategic partnerships with major companies enhance Plug Power's market reach. * The demand for green hydrogen is projected to grow, benefiting Plug Power. Plug Power Inc. is leading the charge in the clean hydrogen sector, focusing on fuel cell solutions that cater to supply chain, logistics, and electric vehicle applications. The company aims to establish a comprehensive green hydrogen ecosystem that includes hydrogen production, storage, and energy conversion technologies. As of August 2026, Plug Power has a market capitalization of €2.75 billion and is navigating a complex financial landscape following years of decline. Financially, Plug Power has shown recent signs of recovery, with a quarterly revenue of €163.5 million and a trailing twelve months (TTM) revenue of $739.76 million. However, the company has been grappling with net losses, amounting to -$1.68 billion in TTM net income. Despite these losses, the recent quarterly figures indicate a potential recovery trajectory, with revenue growth noted in the last quarter. Plug Power has been strategic in its partnerships, forming alliances with industry giants like Airbus and Phillips 66. These collaborations not only enhance the company's market reach but also position it favorably in the expanding green hydrogen market. Additionally, Plug Power is looking to expand its applications into on-road electric vehicles, tapping into a growing consumer demand for sustainable energy solutions. The company has a healthy current ratio of 2.32, reflecting solid short-term financial stability, which could support its growth initiatives. As the world increasingly shifts toward green energy solutions, the demand for hydrogen is projected to grow, potentially benefiting Plug Power in the long term. The company's innovative products, such as GenDrive and GenFuel, are designed to cater to the needs of industries seeking zero-emission energy solutions. Overall, while Plug Power has faced significant challenges, including a staggering -98.89% decline since its IPO, its recent financial improvements, strategic partnerships, and focus on clean hydrogen position it well for future growth in an evolving market. Investors looking to capitalize on the green energy trend may find Plug Power's recovery story compelling as it continues to innovate and adapt in the sustainable solutions landscape. August 15, 2026 at 12:00 PM Latham, US
Plug Power to participate in BTIG Investor Lunch and Oppenheimer Technology, Internet & Communications Conference. August 13, 2026 Plug Power will participate in two investor events on August 13, 2026, engaging with institutional investors to discuss the Company's strategy, commercial execution, financial priorities, and long-term growth opportunities. In Manhattan, New York, Jose-Luis Crespo, Chief Executive Officer, and Roberto Friedlander, Vice President of Investor Relations, will participate in the BTIG Investor Lunch, where they will discuss Plug's business strategy, commercial momentum, financial priorities, and execution across its integrated hydrogen platform. At the same time, Paul Middleton, Chief Financial Officer, will virtually participate in the Oppenheimer Technology, Internet & Communications Conference, providing investors with an update on the Company's strategic priorities, capital allocation strategy, commercial progress, and continued execution toward long-term profitable growth. As global demand continues to grow for reliable, scalable energy solutions that support industrial decarbonization, energy security, and rising power demand, these meetings provide an opportunity for Plug to highlight the strength of its integrated hydrogen ecosystem and the Company's continued focus on disciplined execution, commercial growth, and long-term shareholder value. Event details. Date: August 13, 2026 BTIG Investor Lunch * Location: Manhattan, New York * Participants: Jose-Luis Crespo, Chief Executive Officer; Roberto Friedlander, Vice President of Investor Relations Oppenheimer Technology, Internet & Communications Conference * Format: Virtual * Participant: Paul Middleton, Chief Financial Officer Additional information on Plug's investor conference participation can be found in the Investor Resources section of the Company's website: HERE
Plug Power: A bright spot in a quiet summer trading environment for hydrogen stocks. Key points. * Plug Power has seen a small rise in stock price amid low trading volumes. * The hydrogen fuel cell market is evolving, focusing on clean energy solutions. * Plug Power aims to control the hydrogen supply chain while producing fuel cell systems. * External factors like inflation readings impact market sentiment toward hydrogen stocks. Plug Power (NASDAQ:PLUG) has recently caught the attention of traders as summer trading volumes thin out. The company's stock price is currently at $2.29, reflecting a modest increase of 3.15%. As broader indices hover near record highs, traders are exercising caution and waiting for upcoming inflation data, which has resulted in a lower trading volume and increased interest in emerging energy technologies such as hydrogen. The hydrogen fuel cell sector is an integral part of the clean energy landscape, with the potential to convert hydrogen into electricity while producing water as the primary byproduct. Companies like Plug Power are at the forefront, developing fuel cell systems and the necessary infrastructure for hydrogen adoption. The rising interest stems from the promise of a cleaner energy alternative, although challenges related to cost, scale, and hydrogen supply availability persist. Plug Power has diversified its operations, focusing not just on fuel cells used for material handling but also on hydrogen production and the necessary fueling equipment. This strategic vertical integration aims to strengthen its position within the hydrogen economy. The company's operations also extend to stationary power applications and larger systems tailored for heavy-duty contexts. Despite the promise of hydrogen technology, the sector faces significant hurdles. Producing clean hydrogen at competitive prices remains a challenge, along with the necessity of developing a comprehensive network of pipelines and fueling stations for widespread adoption. The overall sentiment around hydrogen stocks tends to be highly reactive, influenced by external factors such as energy prices, government initiatives, and customer adoption rates. As Plug Power continues to navigate its place in the hydrogen sector, it draws scrutiny and interest as a representative of the growth potential in clean energy markets. The dynamics of the market, including external economic indicators and investor sentiment, play a crucial role in shaping the future of hydrogen-based companies. Overall, the outlook on Plug Power remains positive amid a tide of interest in clean technologies, particularly as the landscape for hydrogen-based energy solutions evolves. August 12, 2026 at 05:00 PM United States
Plug Power (PLUG) stock climbs on record GenDrive unit expansion and enhanced hydrogen revenue. Key highlights. Table of Contents * Plug Power experiences 125% year-over-year increase in GenDrive fuel cell installations during second quarter. * Hydrogen fuel segment posts 15% revenue growth amid enhanced production capabilities. * Company achieves approximately 50% reduction in operational expenditures alongside margin improvements. * Second-quarter revenue hits $178 million driven by expanding commercial hydrogen operations. * Management elevates 2026 revenue growth forecast to 15%-16% range following robust quarterly performance. Plug Power (PLUG) equity advanced following a robust second-quarter report showcasing increased fuel cell installations, expanding hydrogen sales, and enhanced cost discipline. Trading at $2.21 with a 4.73% gain, PLUG experienced volatility after earlier momentum weakened during mid-morning market fluctuations. Management upgraded its full-year 2026 revenue trajectory following improved commercial traction. GenDrive fuel cell installations surge more than twofold. Plug Power installed 1,666 GenDrive fuel cell systems throughout the quarter, marking a 125% surge compared to 739 units in the corresponding period last year. This substantial expansion broadened the material handling infrastructure while creating additional recurring revenue streams from service contracts and hydrogen deliveries. Two significant enterprise clients announced plans to upgrade over 20,000 GenDrive systems during the upcoming three-year period. Service-related revenue jumped 82% year-over-year to approximately $30 million in the second quarter. Service profitability reached 27% as enhanced equipment reliability enabled greater technician efficiency. Management attributed these improvements to stronger operational leverage derived from the expanding installed equipment base. Material handling operations constitute the foundation of Plug Power's commercial hydrogen strategy and subscription-based revenue framework. A larger deployed fleet generates ongoing demand for equipment upgrades, maintenance contracts, and continuous hydrogen fuel consumption. Consequently, accelerated GenDrive installations establish a more diversified revenue foundation extending beyond initial hardware transactions. Hydrogen revenue expansion and electrolyzer pipeline drive momentum. Plug Power recorded approximately $178 million in quarterly revenue, reflecting roughly 9% sequential expansion. Fuel-related revenue climbed about 15% year-over-year to nearly $39 million as hydrogen utilization intensified. Fuel gross profitability improved to negative 48% from negative 91% twelve months prior. The organization also progressed multiple large-scale electrolyzer initiatives spanning Europe, Canada, Australia and the United Kingdom. Plug Power obtained final investment authorization for Carlton Power's 30-megawatt Barrow Green Hydrogen facility. Additionally, the company secured a 50-megawatt electrolyzer contract for Orica's Hunter Valley Hydrogen Hub. Additional projects advanced through planning and commissioning stages during the period. Plug Power moved forward with the 100-megawatt GALP initiative in Portugal and a 25-megawatt development in Spain. The enterprise also won a 275-megawatt engineering engagement for Hy2gen's Courant Project in Québec. Profitability metrics strengthen as expense discipline takes hold. Plug Power elevated gross profitability to approximately breakeven levels from negative 31% in the year-ago quarter. Gross margins also demonstrated improvement from roughly negative 13% during the first quarter of 2026. Operational expenses declined about 50% year-over-year to approximately $62 million. GAAP loss per share contracted to $0.14 from $0.20 in the comparable prior-year timeframe. Adjusted loss per share improved to $0.07 from $0.18 twelve months earlier. Reduced expenditures combined with margin expansion helped compress the company's operating deficits during the quarter. Unrestricted cash positioned near $162 million at quarter conclusion, while net cash consumption decreased to about $61 million. Plug Power also collected approximately $47 million from asset dispositions and escrow releases throughout July and August. Management elevated full-year revenue growth projections to the 15% to 16% range while reaffirming its fourth-quarter positive EBITDAS objective. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants