In fact, the company reported this week that it broke ground on a hydrogen production plant in Georgia, and it is targeting hydrogen production of 1,000 tons daily before 2028.Īre Plug Power investors right to be concerned? If they read the media coverage closely, they would find that the authors of the article in Energy Science and Engineering were highlighting the problems with blue hydrogen Plug Power is concentrating on green hydrogen production, which uses renewable energy sources to help extract the hydrogen. The concern for investors, in all likelihood, is that Plug Power is enthusiastic about expanding beyond fuel cell production and into hydrogen production. This calls into question whether hydrogen energy will benefit from the funding for renewable energy projects provided in the current infrastructure bill. An article on the homepage of The New York Times website references the article, which examines how "blue" hydrogen - which uses steam to extract hydrogen from natural gas with carbon capture and storage for the emissions - produces high greenhouse gas emissions. The Power Authority's support for Plug Power's Innovation Center in Henrietta builds upon NYPA's statewide support of the green hydrogen producer at multiple locations around the state, creating hundreds of additional jobs while increasing the firm's output of green hydrogen to support New York State's transition to a clean energy economy. The company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security. Published today in the journal Energy Science and Engineering, an article is questioning whether hydrogen is the clean-energy alternative that many are touting it to be, and it's drawing media attention. Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions.
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