Plug Power (NASDAQ:PLUG) Inc. is a leading provider of turnkey hydrogen solutions designed to accelerate the transition to clean energy. Founded in 1997 and headquartered in Latham, New York, the company develops, manufactures and assembles proton exchange membrane (PEM) fuel cell systems that replace conventional batteries in electric vehicles and material handling equipment. Over the years, Plug Power has expanded its offerings to include green hydrogen production, distribution infrastructure and comprehensive maintenance services, positioning itself as a one-stop provider for hydrogen and fuel cell needs.
The company’s core product lines include the GenDrive fuel cell system for forklifts and automated guided vehicles, the GenFuel hydrogen refueling units, and the GenSure backup power solutions for critical infrastructure. To support these deployments, Plug Power offers GenCare service programs that cover training, installation, remote monitoring and routine maintenance. In recent years, Plug Power has invested heavily in electrolyzer technology—through internal development and strategic acquisitions—to produce green hydrogen from renewable electricity, thereby addressing the entire hydrogen value chain from generation to end use.
Plug Power’s operations span North America, Europe and Asia, with manufacturing plants and fuel cell assembly facilities in New York, Tennessee, Washington and Ontario, as well as a European development center in Germany. The company has forged partnerships with prominent industrial and retail customers, including Amazon, Walmart and Carrefour, to implement hydrogen-powered fleets and onsite fueling stations. Through joint ventures and collaborations, Plug Power is also building a network of liquid hydrogen production plants and pump stations aimed at serving the heavy-duty transportation sector.
At the helm of Plug Power is President and Chief Executive Officer Andrew Marsh, who joined the company in 2008 and has overseen its transformation into a vertically integrated hydrogen player. Under his leadership, Plug Power has executed multiple capital projects and scaled its engineering capabilities to support ambitious growth targets. With a focus on innovation, safety and sustainability, the company continues to expand its product portfolio and global footprint in pursuit of a zero-emissions energy ecosystem.
