CHANGCHUN, China, Aug. 28, 2025 (GLOBE NEWSWIRE) -- From August 27 to 31, the 15th China-Northeast Asia Expo is being held in Changchun, Jilin Province, marking the 20th anniversary of the expo. As one of the world's most dynamic regions, Northeast Asia has seen deepening economic and trade cooperation over the years, demonstrating strong momentum for growth. Business representatives from across the region have gathered in Changchun to explore new pathways and models for regional collaboration, with a focus ...

Core Insights - Plug Power's stock has seen a significant decline of 94% over the past three years, with a 27% drop year to date, but recent months have shown a rebound from an all-time low price [1] - The company has shifted focus towards utilizing hydrogen as a fuel, which has led to a growth engine through its fuel cells and electrolyzers [3] Financial Performance - Plug Power has reduced its capital spending, with operating and investing cash usage down by 40% year over year in Q2 [4] - Q2 revenue increased by 21%, driven by a tripling of electrolyzer sales year over year, which accounted for 25% of total revenue in Q2 [4] Industry Trends - The demand for energy in data centers is rapidly increasing, and local fuel cells are emerging as a solution to alleviate pressure on electrical grids [5] - Partnerships with large tech companies for supplying power to data centers could significantly enhance Plug Power's market position and investment appeal [6]

Core Points - Next Hydrogen Solutions Inc. has entered into a loan agreement for an unsecured loan of $530,000 at an interest rate of 5.0% per annum, maturing one year from the advance date [1][2] - The company issued 214,140 common shares as bonus shares to the lenders, representing approximately 20% of the loan principal [2] - The proceeds from the loan will be used for working capital and general corporate purposes to support ongoing operations [4] Financial Details - The loan agreement includes a setup fee of $20,000 payable on the maturity date [2] - The loan may be converted into common shares at the option of the company, subject to TSXV approval [3][6] - The company has also secured an additional $1 million loan from an arm's length commercial lender [1] Company Overview - Next Hydrogen, founded in 2007, specializes in designing and manufacturing electrolyzers for generating clean hydrogen [7] - The company holds 40 patents for its unique cell design, enabling efficient conversion of renewable electricity into green hydrogen [7] - Next Hydrogen is focused on scaling its technology to provide commercial solutions for decarbonizing transportation and industrial sectors [7]

Core Insights - NewHydrogen, Inc. has appointed Dr. Austin Morales to its UCSB Technology Team to enhance the development of its ThermoLoop™ technology, which aims to produce low-cost clean hydrogen using water and heat instead of electricity [1][4] - The company is focused on advancing cost-effective, entropy-driven thermochemical water splitting, collaborating with a team of experts from the University of California, Santa Barbara [2][4] - Dr. Morales has a strong background in dynamic reactor operation and catalytic processes, with a Ph.D. from the University of Houston and multiple awards for his research [3][4] Company Overview - NewHydrogen is developing ThermoLoop™, a technology that utilizes water and heat to produce the lowest cost clean hydrogen, addressing the limitations of current hydrogen production methods that rely on expensive electricity [6][7] - The company aims to contribute to the clean hydrogen economy, which Goldman Sachs estimates could reach a market value of $12 trillion [7] Technology Development - The ThermoLoop™ technology is designed to split water using inexpensive heat sources, such as concentrated solar energy, industrial waste heat, and nuclear reactors, thereby reducing the overall cost of hydrogen production [4][7] - Since the initiation of the research project in August 2023, the UCSB team has been developing unique materials that facilitate the thermochemical process of producing hydrogen and oxygen from water vapor [4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. 江蘇國富氫能技術裝備股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02582） 自願公告 業務更新 本公告乃江蘇國富氫能技術裝備股份有限公司（「本公司」，連同其附屬公司統稱為「本集 團」）作出之自願公告。本公司董事（「董事」）會（「董事會」）僅此知會本公司股東及潛在 投資者有關本集團的最新業務發展。 董事會欣然宣佈，於2025年8月18日，本公司的一間間接全資附屬公司新疆國富銘志氫能 科技有限責任公司（「國富銘志」）與一名位於中華人民共和國新疆維吾爾自治區哈密市的 客戶（「該客戶」）及獨立第三方，哈密通慧德綠色鑄造有限公司，訂立100兆瓦綠電製氫 設備銷售協議（「銷售協議」），合約總價值超過人民幣150百萬元。根據銷售協議，國富 銘志須向該客戶供應22套1,000標準立方米╱小時電 ...

Core Insights - Plug Power Inc. (PLUG) is targeting approximately $700 million in revenues by 2025, driven by increasing demand for hydrogen solutions [1][4] - In the first half of 2025, PLUG reported revenues of $307.6 million, reflecting a year-over-year increase of 16.7% [1][8] - The surge in electrolyzer sales, which increased by 230.1% year-over-year, is a significant contributor to revenue growth [2][8] Revenue Growth Drivers - Strong demand for GenDrive fuel cells, GenFuel hydrogen infrastructure, and GenEco electrolyzer platforms is supporting PLUG's top-line performance [1] - The company is expanding its green hydrogen capacity in Georgia and has formed a joint venture with Olin Corporation in Louisiana, along with a three-gigawatt deal with Allied Green Ammonia in Australia [2] - Government incentives such as the 45V production tax credit and 48E investment tax credit are providing additional support for hydrogen production and infrastructure projects [3] Future Projections - To meet the $700 million revenue target, Plug Power needs to generate approximately $392 million in the second half of 2025 [4] - The company is well-positioned for growth due to expanding project opportunities and rising global interest in clean hydrogen [4] Peer Comparison - Flux Power Holdings, Inc. reported revenues of $16.7 million in Q3 of fiscal 2025, with a 16% year-over-year increase [5] - Bloom Energy Corporation's product and service revenues rose by 25.9% year-over-year in Q2 of 2025, with total revenues increasing by 19.5% [6] Valuation Metrics - Plug Power is currently trading at a forward price-to-earnings ratio of negative 3.54X, compared to the industry average of 22.46X [10]

Core Insights - Plug Power Inc. is a global leader in hydrogen solutions, participating in the Canaccord Growth Conference to strengthen ties with the financial community [1][2] Company Overview - Plug Power is building a fully integrated hydrogen economy, offering products such as electrolyzers, fuel cell systems, and fueling infrastructure to various industries [3] - The company is a first mover in the hydrogen sector, focusing on energy independence and large-scale decarbonization [3] Production and Infrastructure - Plug Power has deployed over 72,000 fuel cell systems and 275 fueling stations, making it the largest user of liquid hydrogen [4] - The company operates hydrogen plants in Georgia, Tennessee, and Louisiana, with a production capacity of 40 tons per day [4] Clientele and Partnerships - Plug Power serves major global companies including Walmart, Amazon, Home Depot, BMW, and BP, showcasing its extensive reach in the market [5]

Revenue Growth and Financial Performance - Plug Power reported Q2 revenue of $174 million, a 21% increase year-over-year, driven by strong demand for GenDrive fuel cells, GenFuel hydrogen infrastructure, and GenEco electrolyzer platforms [4] - Electrolyzer revenue tripled year-over-year, reaching approximately $45 million in Q2, indicating significant global scaling [4] - Gross margin improved to -31% in Q2 2025 from -92% in Q2 2024, attributed to service cost reductions and improved hydrogen pricing [4] Cost Management and Cash Flow - The execution of Project Quantum Leap led to cost structure gains through workforce optimization, facility consolidation, and renegotiated supply contracts [4] - Non-cash charges for Q2 were approximately $80 million, compared to $6 million in Q2 2024 [4] - Net cash used in operating and investing activities declined over 40% year-over-year, with over $140 million in unrestricted cash and access to over $300 million in additional debt capacity [4] Strategic Initiatives and Market Position - Over 230 megawatts of GenEco electrolyzer programs are being mobilized across Europe, Australia, and North America, reflecting strong global demand [4] - A major hydrogen supply agreement was extended with improved economics, supporting better margins in the second half of 2025 [4] - The extension of the Investment Tax Credit through 2026 is expected to stimulate customer demand for Plug's GenDrive fuel cells [5] Future Outlook and Growth Potential - Plug expects to achieve gross margin breakeven on a run-rate basis in Q4 2025, supported by continued cost discipline and scale benefits from GenEco deployments [11] - The GenEco electrolyzer sales funnel remains strong, with additional customer commitments expected and multiple large-scale projects moving toward final investment decisions in 2026 [4] - Plug's Energy Transition business is gaining traction, leveraging expertise in skid packaging and liquefier technology to support industries like renewable diesel and sustainable aviation fuel [5]

Core Insights - Plug Power Inc. (PLUG) is focusing on expanding its business in the green hydrogen energy market, which is projected to reach $30 billion by 2030 [1] - The company has secured a $1.66 billion loan guarantee from the U.S. Department of Energy for constructing six green hydrogen production plants, enhancing its domestic manufacturing capabilities [2] - Despite facing challenges such as a high cash burn rate and negative gross margins, investments in the green hydrogen market and the Quantum Leap project are expected to drive long-term performance [3] Company Developments - PLUG is enhancing its green hydrogen production capacity with a new facility in Georgia and a joint venture with Olin Corporation in Louisiana [1][7] - The Senate's revision of the tax bill is anticipated to provide two-year tax credit extensions for the hydrogen industry, aiding Plug Power's business scaling efforts [2] Industry Context - Among peers, FuelCell Energy, Inc. is investing in solid oxide fuel cell technology and has secured a contract for a 7.4 MW fuel cell power plant, expected to generate over $160 million in future revenues [4] - Bloom Energy Corporation is expanding its commercial capabilities and has strengthened its partnership with Equinix to provide sustainable on-site power for data centers [5] Financial Performance - PLUG's shares have increased by 75.5% over the past three months, outperforming the industry growth of 18.6% [6] - The company is currently trading at a forward price-to-earnings ratio of negative 3.45X, compared to the industry average of 22.08X, indicating a challenging valuation [9] - The Zacks Consensus Estimate for PLUG's bottom line for 2025 has remained stable over the past 60 days, with projected losses of -0.59 for the current year and -0.34 for the next year [10][11]

Plug Power supports global leaders like Walmart, Amazon, Home Depot, BMW, and BP through its talented workforce and state-of-the-art manufacturing facilities around the world. For more information, visit www.plugpower.com. Plug Media Contact Teal Hoyos media@plugpower.com Source: Plug Power SLINGERLANDS, N.Y., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, will announce its 2025 second quarter results on August ...