Plug Power is using the AI power boom to generate cash and ditch unneeded government support

Core Viewpoint - Plug Power has opted out of a government loan program, determining that it is more cost-effective to purchase hydrogen supply rather than invest in building its own infrastructure [1] Company Summary - Plug Power's decision reflects a strategic shift towards cost efficiency in hydrogen supply [1] - Analysts support the company's choice, indicating a consensus on the financial prudence of this approach [1] Industry Summary - The move by Plug Power may signal a trend within the hydrogen industry, where companies prioritize operational cost savings over infrastructure investments [1] - This decision could influence other players in the hydrogen market to reassess their strategies regarding supply chain and infrastructure development [1]