Last $2.87 USD
Change Today -0.03 / -1.03%
Volume 2.4M
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plug power inc (PLUG) Snapshot

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52 Week High
03/11/14 - $11.72
52 Week Low
01/27/14 - $2.22
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plug power inc (PLUG) Details

Plug Power Inc., an alternative energy technology provider, is engaged in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It is focused on proton exchange membrane (PEM) fuel cell and fuel processing technologies and fuel cell/battery hybrid technologies. The company’s product line includes GenDrive, a hydrogen fueled PEM fuel cell system providing power to material handling vehicles; GenKey, its turn-key solution offering simplicity to customers transitioning their material handling vehicles to fuel cell power; GenFuel, its hydrogen fueling delivery system; and GenCare, its ongoing maintenance program for both the GenDrive fuel cells and GenFuel products. The company sells its products to businesses, government agencies, and commercial consumers through direct product sales force, original equipment manufacturers, and their dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.

192 Employees
Last Reported Date: 04/22/14
Founded in 1997

plug power inc (PLUG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $450.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $250.0K
Chief Accounting Officer and Controller
Total Annual Compensation: $250.5K
Compensation as of Fiscal Year 2013.

plug power inc (PLUG) Key Developments

Plug Power Inc. Provides Relion Integrated Backup Power Fuel Cell Solutions to SouthernLINC Wireless

Plug Power Inc. announced that it has executed a multi-year contract with SouthernLINC Wireless for its ReliOn integrated fuel cell solution and GenFuel hydrogen services. Plug Power will provide ReliOn integrated backup power fuel cell solutions to SouthernLINC Wireless for use in its wireless network, which supports Southern Company’s communication needs and provides a wireless communications network for customers.

Plug Power Inc. Signs Multi-Year ReliOn Fuel Cell Contract with Communications Company

Plug Power Inc. announced that it has executed a multi-year contract for its ReliOn integrated fuel cell solution and GenFuel hydrogen services to be used with a North American telecommunications provider. Under the $20 million program, Plug Power will provide ReliOn integrated backup power fuel cell solutions for use in the customer's wireless network, which supports internal communication needs and provides a public communications network for customers. Through this contract, Plug Power anticipates supporting as many as 500 new sites utilizing the Plug Power ReliOn integrated solution, which includes fuel cell systems and bulk refillable hydrogen storage, DC plant rectifiers and distribution, battery technology and space for radio equipment, in an environmentally-hardened outdoor cabinet. Plug Power's hydrogen fuel cell-based backup power system, known as ReliOn, supplements batteries and replaces generators used for backup power applications. The integrated system provides the function of a communications equipment shelter and a highly reliable, clean, cost-effective grid and backup power system for 24x7 operations. The system enables rapid deployment in a space comprising a fraction of the footprint required by previous solutions and at a lower total cost of ownership.

Plug Power Inc. Completes Installation of First GenFuel Hydrogen Infrastructure at Memphis Airport

Plug Power Inc. has successfully completed installation of its first GenFuel hydrogen infrastructure for the ground support equipment (GSE) market at the Memphis Airport. This GenFuel infrastructure deployment includes a standard hydrogen storage tank, compression system, fuel pipelines, and Plug Power's first outdoor GenFuel hydrogen dispensers that will be used for a 15-truck fleet of airport tuggers powered by Plug Power fuel cells. The outdoor hydrogen dispenser varies from its indoor counterpart by providing an all-weather enclosure capable of protecting the equipment from harsh elements that can be experienced on an airport tarmac such as rain, snow, direct sun, high winds and extreme temperatures. Similar to the GenFuel experience at other customer sites, the Memphis truck drivers will simply pull their GSE vehicles up to the dispenser and personally refuel in just three to four minutes.


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