About Plug Power
Plug Power is a publicly listed company based in United States founded in 1997. Hydrogen-based fuel cells are manufactured for power applications. The company has 3,220 employees. Plug Power has completed 8 acquisitions, including Afcmea, Applied Cryo Technologies and Cellex Power. Its chief executive, as recorded, is Andrew Marsh. Its website plugpower.com draws about 137 thousand monthly visits. Plug Power offers products and services including GenDrive, GenSure, GenFuel, and GenEco. Its focus areas include Energy Tech, Energy Storage Tech, Fuel Cell and Proton Exchange Membrane (PEM). Its legal entity is PLUG POWER INC.
Company details
Plug Power was founded in 1997 in the United States and operates in the clean energy sector. Hydrogen-based fuel cells are produced for stationary and mobile uses. The GenKey system is provided as an integrated solution for hydrogen generation and fueling. ReliOn products are offered for modular stationary power, while GenDrive serves as a battery alternative in electric material handling equipment. Operations focus on infrastructure and product scalability.
- Headquarters United States
- Employees 3,220
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website plugpower.com
- Social LinkedIn X Facebook YouTube
- Legal Name Plug Power, Inc.
Products & Services of Plug Power
Plug Power offers a comprehensive portfolio of products and services, including GenDrive, GenSure, GenFuel, and GenEco.
Fuel cell system for warehouse material handling operations.
Power systems for backup and primary energy needs.
Services for hydrogen production and liquefaction.
Products for generating hydrogen from renewables.
Apps and channels of Plug Power
its YouTube channel Plug Power has 8.3K subscribers and 30 videos.
Videos from Plug Power
The most watched videos on Plug Power's YouTube channel, Plug Power (8.3K subscribers). Click a video to play it here.
More on Plug Power.
Funding Insights of Plug Power
- Total Rounds 24
- Last Round Post-IPO — $1.6B
- First Round $273,559
(May 2007)
- Investors Count 8
Latest 10 of 24 funding rounds of Plug Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2021 | $1.6B | Post-IPO | – | – | |
| May 2020 | $200M | Post-IPO | – | – | – |
| Feb 2019 | $519,713 | Grant | – | – | |
| Mar 2018 | $100M | Post-IPO | – | – | – |
| Jul 2017 | $45M | Debt – Conventional | – | – | |
| Apr 2017 | $15.75M | Post-IPO | – | – | – |
| Jun 2016 | $40M | Debt – Venture | – | – | |
| Mar 2016 | $30M | Debt – Venture | – | – | – |
| Nov 2013 | $500,000 | Post-IPO | – | – | |
| May 2013 | $6.5M | Post-IPO | – | – |
8 investors in total: 8 institutional.
Investors in Plug Power
Plug Power has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include SK, Air Liquide and Hercules Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt is provided for green growth capital initiatives. | 2013 | greenbank.ny.gov | New York, United States | |
Venture debt financing is provided to companies in multiple sectors. | 2003 | htgc.com | Palo Alto, United States | |
Private equity firm focused on energy, chemical, semiconductor, logistics, and multiple sectors | 1953 | sk.com | Seoul, South Korea | |
Developer of solar and wind energy projects | 1999 | skens.com | Seoul, South Korea | |
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States | ||
Energy research and development are advanced by this state agency. | 1975 | nyserda.ny.gov | United States | |
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | ||
Gases and chemical products are supplied to diverse industrial sectors. | 1902 | airliquide.com | Paris, France |
Investor details for Plug Power
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People of Plug Power
424 people are tracked at Plug Power (114 in leadership, 8 in board & advisors, 302 in team); the tracked headcount is 3,220.
| Name | Role | Group |
|---|---|---|
Andrew Marsh | CEO | Leadership |
Jessica Fleck | Director Product Management, H2 Fuel North America | Leadership |
Rickie Diaz | Director, Finance, Cryogenic Equipment | Leadership |
Melissa Piazza | Director, Financial Shared Services | Leadership |
Philippe Boisvert | Vice President, Hydrogen Applications | Leadership |
Hanfei Tuo | Director Of Engineering | Leadership |
Allwyn Rodrigues | Director For Middle East | Leadership |
Dean Fullerton | COO | Leadership |
Mike Izdebski | Director, Logistics | Leadership |
Robb Heidenreich | Director Of Production Operations | Leadership |
Daniel Kennedy | Vice President, Process Technology | Leadership |
Swapnil Dongre | Process Manager & Head Of Department | Leadership |
Melinda Sanchez | Director Executive Accounts | Leadership |
Roberto Friedlander | Director Investor Relations & Lead In ESG Reporting At Plug Power Inc. | Leadership |
Jennifer Senich | Senior Director Program Management | Leadership |
Cary Cook | Director, Field Services | Leadership |
Mani Ramani | Vice President Of Engineering | Leadership |
Chris Klukkert | Sr. Director Project Execution | Leadership |
Scott Spink | Vice President Of Engineering - Technology Development | Leadership |
Erin Lane | Vice President Of Public Affairs | Leadership |
404 more people are available in the full profile.
Complete people profiles for Plug Power
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IPO & Listings of Plug Power
Plug Power is a publicly listed company on the NASDAQ with ticker symbol PLUG in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date29 Oct 1999
- Listed onNASDAQ: PLUG
- Listed entityPlug Power, Inc.
- Exchange sectorElectronic technology
- ISINUS72919P2020
- Share price$1.56 (-3.7% on the day) · 2026-10-13
- Market capitalisation$2.18B
- EPS (diluted, trailing year)$-1.23
- Volume (last session)58,848,461
Financials of Plug Power
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $709.9M | -$1.63B | -$635.0M |
| 2024 | $628.8M | -$2.10B | -$993.7M |
| 2023 | $891.3M | -$1.37B | -$972.9M |
| 2022 | $701.4M | -$724.0M | -$606.3M |
| 2021 | $502.3M | -$460.0M | -$375.6M |
Detailed financial statements for Plug Power
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Investments & Acquisitions by Plug Power
Plug Power has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Afcmea, Applied Cryo Technologies and Cellex Power.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Energy efficiency services are provided to clients by Joule Processing. | jouleprocess.com | Houston, United States | 2009 | Jan 2022 | •••• | |
Oil and gas separation and processing equipment solutions are provided. | frames-group.com | Alphen Aan Den Rijn, Netherlands | 1984 | Nov 2021 | •••• | |
Cryogenic equipment is designed and manufactured for industrial applications. | appliedcryotech.com | Houston, United States | 2012 | Oct 2021 | •••• | |
Advanced batteries are developed by Giner ELX for energy applications. | ginerelx.com | Newton, United States | 2017 | Jun 2020 | •••• | |
Producer and distributor of hydrogen products and services | unitedhydrogen.com | Canonsburg, United States | 2004 | May 2020 | •••• | |
PEM based fuel cell system developers | energyor.com | Montreal, Canada | 2002 | Jun 2019 | •••• | |
Afcmea is operated as a company with domain afcmea.com. | afcmea.com | 0 | Jun 2018 | •••• | ||
Provides online casino games, slots, sports betting, and promotions. | cellexpower.com | Richmond, Canada | 1998 | Mar 2007 | $45M |
Complete acquisition details for Plug Power
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Timeline of Plug Power
12 dated milestones of Plug Power across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Plug Power is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Cellex Power.
- Funding First funding round of $274K.
- Acquisition Acquires Afcmea.
- Acquisition Acquires EnergyOR.
- Acquisition Acquires United Hydrogen.
- Acquisition Acquires Giner ELX.
- Funding Latest funding round, Post-IPO, of $1.6B.
- Acquisition Acquires Applied Cryo Technologies.
- Acquisition Acquires Frames Group.
- Acquisition Acquires Joule Processing.
Web traffic of Plug Power
The website of Plug Power (plugpower.com) receives about 137K visits a month.
- Monthly visits137K
▼ 18.4% vs previous month
Websites whose visitors overlap most with Plug Power. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hydrogenics.com | 100% | View details | |||
fuelcells.org | fuelcells.org | 97% | #81,740 | – | |
topics.nytimes.com | topics.nytimes.com | 83% | – | ||
| acumentrics.com | 78% | 2.1K | #7,808,862 | View details | |
fuelcellsworks.com | fuelcellsworks.com | 75% | #287,044 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for Plug Power
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- 22 similar websites
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Top companies in Energy Storage Systems
3 companies that operate in the same segment as Plug Power (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Plug Power
Complete news archive for Plug Power
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Frequently Asked Questions about Plug Power
Plug Power was founded in 1997 and raised its 1st funding round 10 years after it was founded.
Plug Power is headquartered in United States.
Andrew Marsh is the CEO of Plug Power, as recorded in our data.
Plug Power has 3,220 employees.
Annual revenue of Plug Power is $709.92M as on Dec 31, 2025.
Plug Power was founded in 1997 in the United States and operates in the clean energy sector. Hydrogen-based fuel cells are produced for stationary and mobile uses. The GenKey system is provided as an integrated solution for hydrogen generation and fueling. ReliOn products are offered for modular stationary power, while GenDrive serves as a battery alternative in electric material handling equipment. Operations focus on infrastructure and product scalability.
Plug Power offers GenDrive, GenSure, GenFuel, and GenEco.
Yes, Plug Power is publicly traded on NASDAQ under the ticker symbol PLUG.
Plug Power has made 8 acquisitions, including Afcmea, Applied Cryo Technologies, and Cellex Power.
Plug Power has 8 investors. Key investors include SK, Air Liquide, Hercules Capital, DOE, and New York State Energy Research and Development Authority.
Plug Power operates through Plug Power Inc.
The website of Plug Power receives about 137 thousand visits a month.