Plug Power is dedicated to ‘bolstering financial position’ in 2024
US green hydrogen firm Plug Power has said it has resolved a going concern issued at the end of September 2023 as it revealed a net loss of $1.36bn in 2023.
US green hydrogen firm Plug Power has said it has resolved a going concern issued at the end of September 2023 as it revealed a net loss of $1.36bn in 2023.
After two busy years across the hydrogen industry, 2024 looks set to be the year where the energy carrier’s strengths are put to use in the most suitable industries and applications.
Energy Vault Holdings has begun construction on the US’ “largest” green hydrogen long duration energy storage system (LDES).
UK-based GeoPura has raised £56m ($71m) of investment to scale up the production of its hydrogen-fuelled power generation units.
Norfund has partnered with Westgass and Industrial Promotion Services (IPS) to invest in hydrogen-based fertilisers in Uganda.
The US Department of Energy (DOE) has announced $10m will be funded towards a hydrogen direct reduction at a steel plant in Toledo, Ohio.
Lake Charles Methanol (LCM) will invest $3.24bn to build an industrial facility feature blue hydrogen production and carbon capture and storage (CCS) for low-carbon methanol production.
H-TEC Systems will deliver a 1MW PEM electrolyser ME450 to a green hydrogen project in Sevilla, Spain.
Plug Power has announced jobs cuts as part of a plan designed to reduce its annual operational expenses by more than $75m.
thyssenkrupp nucera has reported a record sales order as it further advances its position in the alkaline water electrolysis sector.
