Plug Power
New York announced two efforts to help boost hydrogen as a means of reaching its emission-reduction goals, including energy investments from NYPA and NYSERDA.
Plug Power posted a first-quarter loss of $206.6 million but still has cash on hand for ambitious expansion of hydrogen-related projects.
Plug Power says it has the technology to build large fuel cell systems and power them with green hydrogen from a fleet of factories it is now building.
The gulf between the promise of hydrogen and the ability to make enough of it to help safely decarbonize the grid is a challenge now coming into public focus.
Plans are in place to build a green hydrogen production plant in Pennsylvania that the developers say will be one of the first of its kind in North America.
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