Plug Power’s net losses have grown to over $725m for the nine-months to September 30, 2023, as it says it has been negatively impacted by “unprecedented supply challenges in the hydrogen network in North America.”
In its Q3 report, the green hydrogen player said the North American liquid hydrogen market had been “severely constrained” by frequent “force majeure” events, leading to volume constraints, delaying its deployments and service margin improvements.
Reporting a net loss of $283.5m for Q3 2023, Plug Power’s net losses for the nine months ended September 30, 2023, reached $726m, compared to $500.5m for the same period in 2022.
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