Plug Announces Strategic Expense Reduction Plan to Save More Than $75 Million Annually

LATHAM, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- In a strategic move to enhance its financial performance and ensure long-term value creation in a competitive market, Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced a comprehensive initiative designed to significantly reduce its annual operational expenses by more than $75 million. This ambitious plan will be executed with an expected one-time implementation cost of $15 million ...