SLINGERLANDS, N.Y., Nov. 21, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG) (the “Company” or “Plug”), a global leader in comprehensive hydrogen solutions for the hydrogen economy, will hold a Special Meeting of Stockholders (the “Special Meeting”) on January 15, 2026, at 10:00 a.m. Eastern Time. The meeting will be conducted in a virtual format only. Purpose of the Special Meeting At the upcoming Special Meeting, Plug will ask stockholders to approve an amendment to the Company’s charter to increa ...

Originally, the goal for the company was straightforward: Save fuel. "Emission reduction was more of a side effect,†Mr Unrath notes. But as global priorities shifted, "emission reduction and sustainability became much more important. Today we focus on three impacts: Significant fuel reduction, significant emission reduction and working with organisations on carbon credit solutions.†Click link below to read the full interview: https://www.portstrategy.com/environment-and-sustainability/exclusive-hydrogen-e ...

Financial Data and Key Metrics Changes - The company reported $177 million in revenue for Q3 2025, with a 46% sequential increase and a 13% year-over-year increase in the GenEco electrolyzer business, which generated approximately $65 million [5][12] - Operating cash burn improved by over 50% from the prior quarter, indicating better pricing discipline and tighter working capital management [5][6] - The company is targeting $700 million in revenue for the full year 2025 [90] Business Line Data and Key Metrics Changes - The GenEco electrolyzer business is on track for a record year with expected sales of around $200 million, reflecting a 33% year-over-year increase [12][13] - The material handling business continues to perform well, with major customers like Amazon and Walmart planning to expand their fleets [11][50] - The company has delivered its first 10-megawatt electrolyzer to the GALP project in Portugal, part of a larger 100-megawatt installation [14][52] Market Data and Key Metrics Changes - The hydrogen production network has shown improvements, with the Georgia Green Hydrogen Plant achieving 324 tons of production with 97% uptime and 92.8% efficiency [7] - The company is seeing strong government support for green hydrogen projects in Australia and Europe, with many projects expected to reach final investment decision (FID) in the next 12-18 months [13][14] Company Strategy and Development Direction - The company is focused on Project Quantum Leap, which aims to simplify the business, align investments for near-term profitability, and resolve legacy issues [6][9] - A strategic initiative to monetize electricity rights is expected to generate over $275 million in liquidity, positioning the company in the growing data center market [7][30] - The company has suspended activities under the DOE loan program to redeploy capital towards higher return opportunities [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver continual margin improvement and cash flow gains, emphasizing a strong balance sheet and disciplined capital allocation [9][10] - The transition of leadership to Jose Luis Crespo is seen as a continuity in strategy, with a focus on growth, profitability, and disciplined execution [10][50] - Management highlighted the importance of the investment tax credit for fuel cells, which strengthens the financial case for customers [12][50] Other Important Information - The company has over 230 megawatts of GenEco electrolyzer programs underway across various regions, showcasing its operational scale [6] - The company is actively pursuing opportunities in the data center market, leveraging its hydrogen solutions for backup power [30][39] Q&A Session Summary Question: What is the expected cadence of fuel margin improvements? - Management indicated a progression in margins, with expectations for a significant improvement in Q4 and a target for break-even by mid-2026 [19][21] Question: Can you provide expectations on the growth cadence for the electrolyzer business? - Management refrained from providing specific guidance for 2026 but indicated strong growth momentum and a robust project pipeline [22][24] Question: How does the company plan to leverage the data center and AI revolution? - The company is exploring opportunities to provide backup power using hydrogen for data centers, with a focus on liquidity and strategic partnerships [29][30] Question: What are the growth drivers expected over the next couple of years? - Management highlighted the potential for growth in the electrolyzer market, material handling, and the data center market as key areas of focus [78][80] Question: Will the company consider divesting or monetizing its liquefaction sites? - Management expressed no intention to divest these assets, as they provide cost-competitive hydrogen and a strong negotiating position [87] Question: What is the outlook for cash burn and runway? - Management expects continued reduction in cash burn and a strong balance sheet to support operations through to positive cash flows [68][70]

Core Insights - Plug Power Inc. reported a revenue of $177 million for Q3 2025, driven by growth in its electrolyzer business and hydrogen fuel sales, marking a 46% sequential increase in electrolyzer revenue [7][8] - The company continues to focus on expanding its material handling, electrolyzer, and hydrogen fuel businesses, positioning itself for future growth in large-scale stationary power and mobility markets [5][6] - A leadership transition occurred with Jose Luis Crespo appointed as the new CEO, indicating the company's evolution into a globally scaled energy technology business [6] Financial Performance - For Q3 2025, Plug Power's net cash used in operating activities was approximately $90 million, reflecting a 49% year-over-year improvement [7] - The company ended the quarter with about $166 million in unrestricted cash and completed a capital raise of approximately $370 million, showcasing investor confidence [7] - The GAAP gross loss for Q3 2025 was approximately $120 million, compared to a gross loss of about $100 million in Q3 2024 [7][24] Operational Highlights - Plug Power mobilized over 230 MW of GenEco electrolyzer projects across Europe, Australia, and North America, reinforcing its leadership in industrial-scale hydrogen solutions [13] - The company achieved record production performance at its Georgia Green Hydrogen Plant, producing 324 metric tons of liquid hydrogen with high efficiency metrics [13] - A strategic supply agreement was extended with a key partner, enhancing Plug's domestic hydrogen position through 2030 [13] Strategic Initiatives - The ongoing Project Quantum Leap aims to improve margins and cash flow, with the company recording approximately $226 million in charges related to this initiative [7] - Plug Power is focusing on monetizing its electricity rights in New York, expecting to generate over $275 million in liquidity improvements [13] - The company plans to provide further insights into its strategy and operational execution during its annual Plug Symposium on November 18 [12]

Core Insights - Plug Power Inc. anticipates generating over $275 million in liquidity improvements through asset monetization, release of restricted cash, and reduced maintenance expenses [1] Group 1: Strategic Initiatives - Plug Power has signed a non-binding Letter of Intent to monetize its electricity rights in New York and collaborate with a U.S. data center developer, focusing on providing auxiliary and back-up power solutions using its fuel cell technology [2][3] - The company will suspend activities related to the Department of Energy loan program and reallocate capital towards higher-return opportunities within its hydrogen network [4] Group 2: Market Position and Growth - Plug Power is expanding its presence in the data center sector, which is increasingly demanding reliable, low-carbon energy solutions [3] - The company has established a hydrogen supply agreement with a global industrial gas leader, which will reduce the immediate need for self-developed hydrogen generation [4][5] Group 3: Operational Capacity - Plug Power has deployed over 72,000 fuel cell systems and 275 fueling stations, making it the largest user of liquid hydrogen [7] - The company’s total hydrogen production capacity is now 40 tons per day, with operational plants in Georgia, Tennessee, and Louisiana [7] Group 4: Clientele and Partnerships - Plug Power supports major global companies such as Walmart, Amazon, Home Depot, BMW, and BP through its advanced manufacturing capabilities [8]

Core Insights - Charbone Corporation is positioned to capitalize on the growing hydrogen market, with projections indicating a rise from USD 225.12 billion in 2025 to USD 312.90 billion by 2030, at a CAGR of 6.8% [1][2] - The company is on the verge of revenue generation, with its flagship Sorel-Tracy clean UHP hydrogen plant set to commence production in November 2025 and a secured five-year supply contract with an Ontario distributor [2][4] - Charbone's business model focuses on clean ultra-high-purity hydrogen production and integrated industrial gas distribution, leveraging renewable energy sources [3][6] Company Overview - Charbone Corporation is a Canadian-based clean ultra-high-purity hydrogen producer and integrated industrial gas distributor, aiming to become a leading brand in North America [2][7] - The company has a market capitalization of approximately C$26 million as of November 3, 2025, and its share price is C$0.13 [1][46] - Charbone's flagship project, the Sorel-Tracy facility, is designed to produce hydrogen with 99.999%+ purity, essential for various industrial applications [7][9] Financial Position - Charbone has secured a non-dilutive construction capital facility of up to US$50 million and has raised approximately C$13.7 million in equity financing from 2022 to 2024 [2][12] - The company has an independent valuation of US$60.8 million, indicating significant growth potential compared to its current market cap [4][43] - Projected annual revenue from the Sorel-Tracy facility is estimated at C$5.1 million, with an EBITDA margin of approximately 51% [47][48] Strategic Milestones - Key near-term milestones include the commissioning of the Sorel-Tracy Phase 1 facility, ramping up production, and expanding into the Ontario market [15][16] - Charbone plans to establish a second hydrogen production project in the Detroit area, targeting operational launch by 2026 [17][18] - The company is also focused on building a distribution network and forming strategic partnerships to enhance its market presence [19][20] Technology and Production - Charbone's hydrogen production utilizes water electrolysis powered by renewable electricity, primarily from Quebec's hydroelectric grid [23][24] - The company employs a modular approach to production, allowing for incremental capacity increases based on demand [26][30] - Charbone has invested in logistics and distribution technology, including a certified hydrogen transport trailer for safe delivery to customers [27][28] Business Model - Charbone's business model emphasizes decentralized production close to end-users, reducing transportation costs and enhancing service efficiency [31][32] - The company is vertically integrated, producing and distributing hydrogen and related gases directly to clients, capturing additional margins [33][39] - Charbone's phased, demand-driven expansion strategy mitigates risk by aligning project phases with secured offtake agreements [34][35] Market Position and Valuation - Charbone is the only pure-play green hydrogen producer on the Canadian public markets, highlighting its first-mover advantage [8][43] - The company's current valuation is significantly lower than peers in the hydrogen sector, suggesting potential for re-rating as it approaches revenue generation [40][44] - Charbone's enterprise value per ton of hydrogen capacity is approximately C$208,000, indicating a favorable valuation compared to larger peers [49]

Agreement Strengthens Plug’s Global Portfolio of Utility-Scale Hydrogen and Sustainable Fuel DevelopmentsSLINGERLANDS, N.Y., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced the execution of a binding supply agreement with Allied Biofuels FE LLC (ABF) for up to 2 gigawatts (GW) of Plug’s GenEco PEM electrolyzer systems. The agreement supports ABF’s development of sustainable aviation fuel (SAF), el ...

Core Viewpoint - NewHydrogen, Inc. is developing ThermoLoop™, a technology that utilizes water and heat instead of electricity to produce clean hydrogen, and it is positioned to pair effectively with Small Modular Reactors (SMRs) to create a cost-effective clean hydrogen solution [1][2]. Technology and Economic Benefits - ThermoLoop can leverage the high-temperature heat generated by nuclear reactors, which is essential for producing hydrogen without relying on electricity or fossil fuels [2][4]. - A 50-megawatt SMR, when combined with ThermoLoop at 50% energy efficiency, could generate approximately 54 metric tons of hydrogen daily, sufficient to support 54 hydrogen fueling stations and 10,000 vehicle fill-ups per day [3]. - The integration of ThermoLoop with SMRs can create a new revenue stream for nuclear plants while contributing to global decarbonization efforts [4]. Market Dynamics and Growth Potential - Governments in the U.S., Japan, and Europe are accelerating the construction of nuclear plants to meet rising energy demands, particularly from AI data centers and electrified transportation [5]. - SMRs are considered a cornerstone of the next generation of nuclear power, although they face challenges in cost competitiveness. The combination with ThermoLoop can enhance project economics by producing both electricity and hydrogen from the same heat source [5]. - The collaboration between nuclear and hydrogen technologies can facilitate large-scale decarbonization and enhance long-term energy security [6]. Strategic Vision - The growth of SMRs presents significant opportunities for ThermoLoop, as nations strive to expand reliable, carbon-free energy capacity. This technology can convert nuclear heat into clean hydrogen, providing economic advantages and supporting the clean energy transition [7]. - Integrating ThermoLoop into SMR facilities could lead to the development of multi-output clean energy plants capable of producing electricity and hydrogen continuously and efficiently [7]. Industry Context - Hydrogen is crucial for various industries, including fertilizers, transportation, oil refining, and steel production. Currently, most hydrogen is produced from hydrocarbons, which are limited and environmentally harmful [8]. - NewHydrogen aims to transition to a clean hydrogen economy, with a market value projected by Goldman Sachs to reach $12 trillion [9].

Core Insights - New Age Metals Inc. (NAM) is focusing on its Platinum Group Metals (PGM) division, particularly the River Valley Palladium Project in Ontario and the Genesis PGM-Cu-Ni Project in Alaska, as part of its strategy to develop critical and precious metal projects in North America [1][3][23] PGM Division Overview - The PGM division is a core part of NAM's strategy, with significant updates on its flagship projects and a positive market outlook for PGMs [1][17] - The River Valley Palladium Project is one of Canada's largest undeveloped primary PGM deposits, with a compliant Mineral Resource of approximately 2.3 million ounces in the Measured and Indicated classifications and 1.6 million ounces in the Inferred classification [3][4] River Valley Palladium Project - The River Valley Project is 100% owned by NAM and is currently in the development stage, having completed a Preliminary Economic Assessment (PEA) in 2023 [4][6] - The 2023 PEA outlines a smaller, higher-grade operation with lower capital expenditures and a smaller environmental footprint compared to the 2019 PEA [6] - Comprehensive environmental baseline studies are ongoing, involving local Indigenous communities, to support future permitting [6][10] - NAM is planning additional drilling programs to convert Inferred to Indicated Mineral Resources and expand the Mineral Resource base [8][9] Genesis PGM-Cu-Ni Project - The Genesis Project is an earlier-stage exploration project located in Alaska, with 100% ownership by NAM [11][12] - Surface exploration has identified significant PGM mineralization, with grades up to 2.4 g/t for palladium and platinum, and nickel-copper sulfide mineralization with samples up to 0.96% Ni and 0.58% Cu [12][13] - NAM is actively seeking a joint venture partner to advance the Genesis Project, allowing the company to focus on the River Valley Project while benefiting from exploration successes at Genesis [13][31] Market Outlook for PGMs - The market outlook for PGMs is positive, driven by constrained supply and evolving demand, particularly in the automotive sector and emerging technologies like hydrogen fuel cells [17][20] - Global PGM supply is concentrated, with South Africa and Russia being major suppliers, leading to supply risks and historical market deficits [17][20] - Tighter emissions regulations are maintaining high demand for PGMs in exhaust after-treatment systems, with expectations for continued growth in the hydrogen economy [20] Government Support and Investment - There is unprecedented government support for critical metals exploration and development, with significant investments announced by both Canadian and U.S. governments [21]

Core Insights - Plug Power Inc. has successfully completed the first phase of hydrogen supply delivery for the H2CAST project in Germany, demonstrating the scalability of its hydrogen production and trucking capabilities [1][2][3] - The project involves repurposing salt caverns for renewable hydrogen storage, which is essential for seasonal and high-capacity storage, contributing to the energy transition in Europe [1][5] - Plug Power's successful delivery of 44.5 metric tons of hydrogen and subsequent mandate for an additional 35 metric tons highlights the company's leadership in the hydrogen economy [2][3] Company Operations - Plug Power has established a fleet of 36 Multi Element Gas Containers (MEGCs) to enhance its hydrogen delivery capabilities, rated at 350/380 bar pressure standards [3] - The company is expanding its hydrogen production capacity in Europe, indicating strong market demand for its vertically-integrated approach [3][5] - Plug's engineering team has developed a dedicated unloading skid for the H2CAST facility, showcasing its ability to provide tailored solutions for seamless delivery [4] Market Position - The successful execution of projects like H2CAST positions Plug Power as a key player in the European hydrogen infrastructure, reinforcing its status as a global industrial gas company [5][6] - Plug Power has deployed over 72,000 fuel cell systems and 275 fueling stations globally, making it the largest user of liquid hydrogen [7] - The company is rapidly expanding its hydrogen generation network, with operational plants in Georgia, Tennessee, and Louisiana capable of producing 40 tons of hydrogen per day [7]