Andy Marsh believes Plug Power’s recently closed $1.66bn loan guarantee from the US Department of Energy (DOE) will signify the beginning of hydrogen projects being funded like adjacent wind and solar developments.
The CEO told H2 View the guarantee, which acts as a financial backstop for prospective investors, is not only important for the future of the US hydrogen tech firm but also for the hydrogen industry as a whole.
“We’re going to bring equity investors in; there’s going to be an equity flip at one time; we’re looking to do the first project that really looks like a typical solar and wind project,” Marsh said.
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