Plug Power Acquires Full Ownership of Joint Venture HyPulsion
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Plug Power Inc., a U.S. supplier of hydrogen fuel cells, agreed to acquire the 80 percent that it doesn’t already own of a joint venture with Air Liquide SA.
Plug is paying $11.5 million in stock to gain full control of HyPulsion, a move that expands its reach into Europe, the Latham, New York-based company said Monday in a statement.