PLUG Stock: Chuck Schumer Just Announced a $75 Million Boost to Plug Power

It’s a big day for Plug Power (NASDAQ:PLUG), as Senate Majority Leader Chuck Schumer announced that the U.S. Department of Energy (DOE) will provide $90.4 million in federal funding to three clean hydrogen companies as part of its Clean Hydrogen Manufacturing, Recycling and Electrolysis programs. This funding will help Plug increase its production of hydrogen and hydrogen equipment.Of the $90.4 million, Plug will receive $75.7 million for two projects. The other two companies are Ionomr Innovations and Ecol ...