Plug Power Inc.

• Public
• US

Dow Jones Description

Plug Power Inc. is a development stage enterprise involved in the design, development and manufacture of fuel cell systems for industrial-motive (forklift or material handling) markets and stationary power markets worldwide. The Company is a development stage enterprise because substantially all of the Companys resources and efforts are aimed at the discovery of new knowledge that could lead to significant improvement in fuel cell reliability, durability and affordability, and the establishment, expansion and stability of markets for the Companys products. We are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies and fuel cell/battery hybrid technologies, from which multiple products are available. The Company continues to experience significant net outflows of cash from operations and devotes significant efforts towards financial planning in order to forecast future cash spending and the ability to continue product research and development activities. We continue to survey the market to determine the most solid path to profitability for Plug Power. Currently, the Companys primary focus and resources are placed on our GenDrive solution for the material handling market. Fuel cell technology within the Companys targeted market, material handling power, and secondary markets, remote prime, residential and backup power, is still early in the technology adoption life cycle. ...

Number of Employees 208

Contact Information

Peer Companies

• General Electric Co.
• Matsushita Electric Industrial Co. Ltd.
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