If it won’t make Plug Power money, Plug won’t do it. That was the message from CEO Andy Marsh in an attempt to reassure investors that the US green hydrogen firm is focused on profitability.
Plug reported heavy Q4 losses despite slowed cash burn, including a $971m impairment cost, job cuts, and facility consolidation.
Marsh was keen to stress the company’s focus on doubling down on its electrolyser business for both near- and long-term growth – aligning with a broader sector shift toward hard-to-abate industries.
... to continue reading you must be subscribed
