plug power – Thinking Port

Perpetual Hydrogen Money Loser FuelCell Energy, Like Ballard, Pivoted From Batteries

March 1, 2025 admin ballard, bloom energy, carbon emissions, clean power, climate change, Energy, fuelcell energy, green economy, hydrogen, hydrogen fuel cell, hydrogen fuel cell electric vehicles, investment, plug power, us department of energy (doe)

Credit to Author: Michael Barnard| Date: Fri, 28 Feb 2025 00:51:24 +0000

How can a company never make a profit for over 50 years and still be around? How can it still find investors? FuelCell Energy is that company, and its continuing existence, like that of other perpetual money losing hydrogen fuel cell firms Ballard Power and Plug Power, is deeply perplexing. … [continued]

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CleanTech Energy News Science

Plug Power Has Lost $3.12 Billion Since 2010, Never Turned A Profit, Stock Collapsing

March 1, 2025 admin ballard, carbon emissions, clean power, clean transport, climate change, Energy, Energy Storage, Fossil Fuels, fuel cell, fuelcell energy, green economy, hydrogen, hydrogen fuel cell electric vehicles, investment, plug power, us department of energy (doe)

Credit to Author: Michael Barnard| Date: Thu, 27 Feb 2025 03:40:15 +0000

This is the year that the hydrogen bubble pops, especially for transportation, but increasingly for all hydrogen for energy plays. One of the firms on my hydrogen death watch is Plug Power, which has managed to lose $3.12 billion of other people’s money since 2010, about $200 million a year … [continued]

The post Plug Power Has Lost $3.12 Billion Since 2010, Never Turned A Profit, Stock Collapsing appeared first on CleanTechnica.

CleanTech Energy News Science

$1.66 Billion Turbo-Boost For US Green Hydrogen Industry

January 19, 2025 admin clean hydrogen, clean power, clean transport, Electric vehicles, fuel cell trucks, green economy, green hydrogen, hydrogen, loan programs office, plug power, Shipping, Solar energy, us department of energy (doe), usa, wind energy

Credit to Author: Tina Casey| Date: Fri, 17 Jan 2025 20:15:56 +0000

The US green hydrogen firm Plug Power has just nailed a $1.66 federal loan guarantee towards the goal of building up to six hydrogen hubs around the country.

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Plug Power Gets $1.7 Billion Loan Guarantee From DOE to Produce Hydrogen Fuel

January 19, 2025 admin biden, Business, dept. of energy, DOE, Electric vehicles, electrolyzer, Fuel, fuel cells, hydrogen, loan programs office, lpo, news, plug power, power, renewable energy, Renewables, Transportation

Credit to Author: Darrell Proctor| Date: Sun, 19 Jan 2025 16:22:40 +0000

The U.S. Dept. of Energy (DOE) has continued to announce billions of dollars of loan guarantees to energy companies in the final days of the Biden administration, including for upgrades […]

The post Plug Power Gets $1.7 Billion Loan Guarantee From DOE to Produce Hydrogen Fuel appeared first on POWER Magazine.

CleanTech Energy News Science

U.S. DOE Announces $1.66 Billion Loan Guarantee to Plug Power to Produce & Liquify Clean Hydrogen Fuel

January 18, 2025 admin energy efficiency, hydrogen, loan programs office, plug power, policy & politics, subsidies, us department of energy (doe)

Credit to Author: US Department of Energy| Date: Fri, 17 Jan 2025 04:00:21 +0000

Today, the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced the closing of a $1.66 billion loan guarantee ($1.55 billion in principal and $107 million in capitalized interest) to Plug Power Inc.’s (Plug) subsidiary, Plug Power Energy Loan Borrower, LLC, to help finance the construction of up to six facilities … [continued]

The post U.S. DOE Announces $1.66 Billion Loan Guarantee to Plug Power to Produce & Liquify Clean Hydrogen Fuel appeared first on CleanTechnica.