SLINGERLANDS, N.Y., May 20, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, today announced that its GenEco electrolyzer systems are fully operational at The Green Box, a cleantech innovation campus in the Netherlands. The site features Plug's 1 MW and 5 MW PEM electrolyzers, which are now running at load and actively supporting live demonstrations and technical workshops for European customers. The GenEco platform is Plug's high-performance, mod ...

Core Insights - Plug Power Inc. has successfully operationalized its GenEco electrolyzer systems at The Green Box in the Netherlands, showcasing its capabilities to European customers [1][3] - The GenEco platform is designed for flexible deployment in various industrial applications, including refining, sustainable aviation fuel, and green ammonia production [2] - The establishment of a live demonstration site is a strategic move to bolster confidence in Plug's technology and facilitate ongoing commercial discussions in Europe [3] Company Developments - The Green Box serves as a hub for innovation and customer showcase, enhancing Plug's presence in the European market [5] - Plug Power's electrolyzer opportunity pipeline exceeds $21 billion for 2025 and 2026, supported by initiatives like the EU Green Deal and RePowerEU [5] - The site features advanced energy infrastructure, including a 6 MW public grid connection and a 10 kV network, with over 18,000 solar panels meeting most of its electricity needs [4] Technology and Operations - The 5 MW GenEco system has demonstrated successful hydrogen production, primarily powered by on-site solar energy, highlighting economic advantages [3] - Plug Power has deployed over 72,000 fuel cell systems and 275 fueling stations globally, leading in hydrogen production [7] - The company operates hydrogen plants in Georgia, Tennessee, and Louisiana, producing 40 tons of hydrogen per day [7]

Core Insights - NewHydrogen, Inc. has appointed Sundar Narayanan as Director of Process Engineering to lead the development and scaling of its ThermoLoop technology, which aims to produce the world's cheapest green hydrogen [1][4] - Narayanan brings over 35 years of experience in process development and commercialization, having held leadership roles at major institutions like ExxonMobil and Aspen Technology [2][3] - The company's ThermoLoop technology utilizes water and heat instead of renewable electricity, significantly reducing the cost of green hydrogen production [5][6] Company Overview - NewHydrogen is focused on developing ThermoLoop, a technology that aims to produce green hydrogen at a lower cost by using heat from various sources instead of relying on expensive green electricity [5][6] - The current method of producing green hydrogen through electrolysis accounts for 73% of its cost due to the high expense of green electricity, which NewHydrogen seeks to bypass [6] Market Potential - The green hydrogen economy is projected to have a future market value of $12 trillion, as estimated by Goldman Sachs, highlighting the significant growth potential in this sector [6]

Core Insights - Plug Power Inc. has demonstrated strong confidence in its strategy and future potential through recent stock purchases by its CFO, Paul Middleton, who acquired 350,000 shares for approximately $250,000, reflecting his belief in the company's growth prospects in the hydrogen economy [1][2]. Financial Performance - For Q1 2025, Plug Power reported revenue of $133.7 million, with a significant reduction in net cash used in operating and investing activities, decreasing from $288.3 million in Q1 2024 to $152.1 million in Q1 2025 [2]. - The company has expanded its hydrogen production capacity to 40 tons per day across three operational plants, reinforcing its leadership in the clean hydrogen sector [2][5]. Strategic Developments - Plug Power has introduced an executive compensation program aimed at aligning executive incentives with shareholder interests, highlighted by CEO Andy Marsh opting to receive 50% of his compensation in company stock for 2025 [2]. - The company has deployed over 72,000 fuel cell systems and 275 fueling stations globally, positioning itself as the largest user of liquid hydrogen [5]. Industry Position - Plug Power is recognized as a first mover in the hydrogen economy, providing a fully integrated ecosystem that includes production, storage, delivery, and power generation solutions [4]. - The company serves major global clients such as Walmart, Amazon, Home Depot, BMW, and BP, indicating its strong market presence and partnerships [6].

Core Insights - Investor sentiment around Plug Power is mixed following its Q1 2025 earnings report, with an EPS miss overshadowing positive operational metrics and strategic partnerships [1][5] - Plug Power is positioned as a key player in the green hydrogen economy, which is expected to grow significantly, potentially reaching a $10 trillion market by 2050 [2][4][3] Financial Performance - For Q1 2025, Plug Power reported an EPS loss of $0.21, slightly missing the consensus forecast of a $0.20 loss [5] - Revenue increased to $133.7 million, surpassing analyst estimates and growing from $120.3 million a year earlier, driven by a 575% year-over-year growth in the GenEco electrolyzer business [6] - Gross margin loss improved to -55%, a significant recovery from -132% in the same quarter last year, indicating progress in cost reduction and efficiency [7] Operational Developments - The commissioning of a 15-ton-per-day liquefaction plant in Louisiana increased total production capacity in the U.S. to 40 TPD, enhancing domestic supply capabilities [10] - The partnership with BASF aims to integrate advanced gas treatment technology into Plug's facilities, improving hydrogen production efficiency [9] Strategic Initiatives - "Project Quantum Leap" is expected to drive over $200 million in annualized savings, supporting margin and cash flow improvements [11] - Plug Power closed a $210 million tranche of a $525 million secured credit facility, which will help retire existing convertible debt and reduce potential share dilution [11][12] Market Positioning - Plug Power's strategic execution and technological advancements position it favorably within the emerging hydrogen economy, appealing to long-term investors despite current market volatility [13][14] - The company is leveraging government incentives effectively, as demonstrated by the transfer of $30 million in Investment Tax Credits related to its Georgia facility [12]

In addition, to better understand our achievements from 2024 and the outlook for 2025, please refer to the CEO letter included in the 2024 year-end MD&A. About Next Hydrogen MISSISSAUGA, Ontario, May 15, 2025 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the "Company" or "Next Hydrogen") (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers, is pleased to report its financial results for the three-month period ended March 31, 2025. "The value proposition offered by our unique water electro ...

Plug Power (PLUG) Q1 2025 Earnings Call May 12, 2025 04:30 PM ET Company Participants Teal Vivacqua Hoyos - VP -Marketing & CommunicationsAndrew Marsh - CEOJose Crespo - Chief Revenue OfficerBill Peterson - Equity ResearchColin Rusch - Managing Director - Head of Sustainable Growth & Resource Optimization ResearchDushyant Ailani - Senior VP Conference Call Participants George Gianarikas - Managing Director and Senior AnalystEric Stine - Senior Research Analyst Operator Greetings, and welcome to the Plug Pow ...

Core Insights - Plug Power Inc. reported financial results for Q1 2025, showing improvements in cash flow and operational execution across its hydrogen solutions business, emphasizing its leadership in decarbonization and energy security [1][6][10] Financial Performance - Revenue for Q1 2025 was $133.7 million, an increase from $120.3 million in Q1 2024, driven by growing electrolyzer deliveries and demand in material handling [6][22] - Gross margin loss improved to -55% in Q1 2025 from -132% in Q1 2024, reflecting optimization of supply chains and cost reductions [6][22] - Net cash used in operating and investing activities decreased to $152.1 million in Q1 2025 from $288.3 million in Q1 2024, with unrestricted cash at $295.8 million at the end of the quarter [6][24] Operational Milestones - The commissioning of a 15-ton-per-day hydrogen liquefaction plant in Louisiana marked a significant achievement, enhancing the company's hydrogen production capacity to approximately 40 tons per day [4][7] - Plug Power's GenEco electrolyzer business saw a revenue increase of 575% year over year, indicating rapid growth in this segment [5][11] - The company deployed over 848 fuel cell units in Q1 2025, primarily for material handling applications, and delivered cryogenic storage systems to transit agencies [9][11] Strategic Initiatives - Plug Power is focused on three core areas: material handling, electrolyzers, and hydrogen supply, where it holds competitive advantages [3] - The company anticipates Q2 2025 revenue to range between $140 million and $180 million, with further improvements in gross margin and working capital performance expected throughout the year [10][11] - Plug Power is advancing financing initiatives, including investment tax credit transfers, to support long-term capital efficiency [11] Market Position - The company has signed a 3 GW supply agreement for a green hydrogen-to-ammonia project in Australia and surpassed 8 GW in global engineering contracts [8] - Plug Power's hydrogen production network is expanding, with operational plants in Georgia, Tennessee, and Louisiana, collectively producing 40 tons per day [14]

Core Insights - Plug Power Inc. has successfully closed a $525 million secured term loan facility with Yorkville Advisors, with an initial tranche of $210 million drawn [1][2] - The refinancing has allowed the company to retire $82.5 million of existing convertible debentures, reducing potential dilution from approximately 55 million underlying shares [1] - This financing enhances Plug's liquidity and provides additional financial flexibility to scale its green hydrogen network and work towards profitability [1][2] Financial Details - The initial closing of the loan facility is part of Plug's strategic priorities for 2025 and beyond, as stated by CEO Andy Marsh [2] - The company will discuss further details during its upcoming first quarter 2025 earnings call scheduled for May 12, 2025 [3] Company Overview - Plug Power is a leader in the hydrogen economy, providing a fully integrated ecosystem that includes production, storage, delivery, and power generation [5] - The company has deployed over 70,000 fuel cell systems and 250 fueling stations globally, and is the largest user of liquid hydrogen [6] - Plug operates hydrogen plants in Georgia, Tennessee, and Louisiana, producing 39 tons of hydrogen per day [6]

Core Viewpoint - NewHydrogen, Inc. has appointed Dr. Eric McFarland as Chief Technology Officer to lead the development and commercialization of its ThermoLoop technology, which aims to produce the world's cheapest green hydrogen using water and heat instead of electricity [1][2][3] Company Overview - NewHydrogen is focused on developing ThermoLoop, a technology that utilizes water and heat to generate low-cost green hydrogen, which is essential for various industries including fertilizers, transportation, and pharmaceuticals [6][7] - The company aims to transition from traditional hydrogen production methods that rely on hydrocarbons to a more sustainable approach using renewable resources [6] Technology Development - Dr. McFarland will enhance the company's technology strategy and facilitate the transition of ThermoLoop from laboratory and pilot stages to commercial viability [2][3] - The company has recently filed a joint U.S. patent application with UCSB for its innovative hydrogen production process, marking a significant milestone in the development of ThermoLoop technology [5] Market Potential - The green hydrogen market is projected to reach a future market value of $12 trillion, as estimated by Goldman Sachs, highlighting the significant economic opportunity in this sector [7]