Full-Time
Updated on 7/21/2026
Produces hydrogen fuel cells and services
$114k - $185.3k/yr
Feura Bush, NY, USA
In Person
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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
Expander Energy selects Plug Power to help convert forestry waste into sustainable aviation fuel in Canada. Companies sign MOU to integrate Plug's GenEco(TM) electrolyzer technology into Expander's proprietary BETL(R) process for the proposed Mackenzie Biofuel Project in British Columbia. July 7, 2026 - TheNewswire - Expander Energy Inc. ("Expander") is pleased to announce it has selected Plug Power Inc. ("Plug") as its strategic electrolyzer technology partner for the proposed Mackenzie Biofuel Project, a first-of-its-kind clean fuels facility in British Columbia designed to convert forestry waste into sustainable aviation fuel (SAF), renewable diesel, and other low-carbon fuels. The companies have signed a Memorandum of Understanding (MOU) to integrate Plug's GenEco(TM) PEM electrolyzer technology into Expander's proprietary Biomass Electrolysis to Liquids (BETL(R) process. The collaboration will support development of the hydrogen and oxygen production systems required for the project and advance engineering efforts toward commercial deployment. Located in Mackenzie, British Columbia, the proposed facility aims to transform forestry wood waste into low-carbon transportation fuels, creating value from regional resources while supporting Canada's decarbonization and energy security objectives. The project is first on many renewable fuel projects identified by Expander and Canadian Nuclear Laboratories (CNL) and supported by Natural Resources Canada (NRCan) through the Clean Fuels Fund program. BETL(R) is an innovative fuel production process jointly developed by Expander and CNL that combines biomass conversion and electrolysis technologies to produce low-carbon bio-synthetic fuels. Because the carbon used in the process originates from biomass rather than fossil sources, the resulting fuels are expected to achieve significantly lower lifecycle carbon emissions than conventional petroleum-based alternatives. If developed as planned, the Mackenzie Biofuel Project could convert approximately 84,000 dry tonnes of forestry biomass annually into up to 30 million litres of renewable fuels, including renewable diesel, renewable naphtha, bio-wax, and sustainable aviation fuel. The facility is expected to avoid up to 90,000 tonnes of carbon dioxide emissions annually while helping address growing demand for cleaner transportation fuels. Expander is also evaluating opportunities to expand production capacity over time. A larger-scale buildout at Mackenzie BC could process up to 336,000 dry tonnes of biomass annually, producing as much as 120 million litres of renewable fuels and avoiding up to 360,000 tonnes of carbon dioxide emissions per year. Growing demand for sustainable aviation fuel presents a significant market opportunity for the project. Expander is currently working with strategic aviation industry partners to evaluate demand for an initial 18 million litres of SAF annually, with future expansion potential of up to 72 million litres per year. The collaboration combines Expander's proprietary BETL(R) technology with Plug's proven electrolyzer platform to advance a scalable pathway for producing low-carbon fuels from Canada's abundant forestry resources and further strengthen the country's emerging clean fuels industry. About Expander Energy Inc. Expander Energy Inc. is a Calgary, Alberta-based energy technology company that has developed a patented suite of transportation fuel production technologies to convert biomass, captured carbon and low Carbon Intensity electricity into "fossil free" low life cycle carbon intensity synthetic diesel fuel (Bio-SynDiesel(R), synthetic kerosene jet fuel (Bio-SynJet(R) and green prime power generation. Expander's Bio-Energy Carbon Capture and Sequestration (BECCS) solution utilizes cellulosic biomass to produce next generation low CI synthetic fuels while efficiently capturing bio-carbon for geologic sequestration. Bio-SynDiesel(R), Bio-SynJet(R), BGTL(R), EBTL(R), BETL(R), and CETL(TM) are trademarks of Expander Energy Inc. Forward Looking Information This press release contains "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer's business, capital, or operations that is prospective in nature, and includes future-oriented financial information about the issuer's prospective financial performance or financial position. Expander has made certain material assumptions to develop the forward-looking information in this news release, including assumptions about the availability of financing to build Biomass to Liquids facilities and the demand for renewable paraffinic synthetic diesel, jet and naphtha. By its nature, forward-looking information is subject to various significant risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed in this news release. Expander assumes no obligation to update or revise the forward-looking information in this press release unless it is required to do so under Canadian securities legislation. Contact Information Expander Energy Inc. Gord N. Crawford, P.Eng. - President and CEO 1185 - 10201 Southport Road SW Calgary Alberta T2W 4X9 cell: 780-966-4673 www.expanderenergy.com
Milbank, Tweed, Hadley & McCloy represented underwriters in a $124 million common stock offering by Plug Power Inc., a fuel cell systems manufacturer. The offering comprised 22.6 million shares and was the largest in Plug Power's history. Morgan Stanley & Co. LLC and Barclays Capital Inc. served as underwriters. The transaction closed on 30 April 2014. New York-based Plug Power plans to use proceeds for general corporate purposes, including capital expenditures and potential acquisitions. The offering was significantly upsized, reflecting investor confidence in the company's order book and customer base. Global Securities partner James Ball led the Milbank team representing the underwriters.
Senator Schumer champions Plug Power's vision for hydrogen and green jobs in New York. Key points. * Senator Schumer supports Plug Power's initiative to establish a new gigafactory. * The factory aims to create hundreds of green energy jobs in New York. * Schumer emphasizes New York's potential as a leader in hydrogen fuel cell technology. * Plug Power's expansion is seen as beneficial for local manufacturing and workforce. In a recent announcement, U.S. Senator Charles Schumer expressed strong support for Plug Power, a leading manufacturer of hydrogen fuel cell systems, as the company seeks to establish a new gigafactory in New York. Schumer's backing comes at a pivotal moment as Plug Power looks to enhance its manufacturing capabilities and capitalizes on the local workforce's strong skill set in fuel cell technology. Recognizing New York's role in the green economy, Schumer highlighted the potential benefits of the new factory, which are expected to include hundreds of new jobs for the upstate region. He stated that the initiative could serve as a win-win situation, boosting both the local economy and Plug Power's production capacity. The senator's proactive outreach to Plug Power's CEO, Andy Marsh, underscores his commitment to promoting green technology and job growth in the state. This support aligns with broader efforts to position New York as a global hub for green energy. As the demand for clean energy solutions continues to rise, endorsements like Schumer's are critical to fostering innovation and investment in sectors like hydrogen fuel. Plug Power's expansion not only represents a significant step forward for the company but also reflects a growing recognition of the importance of hydrogen as a clean energy source, potentially transforming the landscape of energy manufacturing in New York and beyond. April 10, 2026 at 09:20 PM United States
Plug Power reported quarterly earnings with sales exceeding $700 million over the past year and positive gross margins in the fourth quarter. The hydrogen fuel systems manufacturer outlined strategies to reduce cash burn under its new CEO. Hydrogen fuel offers benefits including flexible, portable, and climate-friendly power generation. However, cost remains a major challenge. Experts predict hydrogen fuel won't reach cost parity with fossil fuels until 2030 at the earliest, with some projecting 2040 or later. Management is targeting AI data centres as a growth opportunity, but these facilities prioritise cost-effectiveness over novel power sources. Whilst Plug Power may benefit from hydrogen adoption, the timeline for profitability remains uncertain, with significant cost reductions needed for market competitiveness.
Plug Power has raised fresh investor interest following recent share price momentum, closing at $2.69. The hydrogen and energy company reports revenue of $709.919 million but remains loss-making with a net loss of $1.632 billion. The stock has delivered strong short-term returns: 11.62% in one day, 25.70% over seven days, and 116.06% over one year. However, three-year shareholders remain significantly underwater with a 71.26% total return decline. The most popular valuation narrative pegs fair value at $2.74 per share, suggesting the stock is roughly 2% undervalued. This optimistic view is supported by recent clarity on US hydrogen production tax credits, which analysts believe will accelerate customer adoption and improve project economics. However, a simple price-to-sales analysis shows PLUG trading at 5.3x versus the US electrical industry average of 2.1x.