Plug Power is targeting $150m mid-term returns from a newly-launched leasing platform for its hydrogen equipment assets.
Having already signed three separate sale and leaseback deals amounting to $44m with GTL leasing for gaseous and cryogenic hydrogen storage and transportation assets, Plug plans to reinvest funds generated through to platform into its core business.
GTL CEO, Michael Koonce, said the initial deals would support the company’s sustainability goals while also providing a “stable revenue stream.”
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