About Plug Power
Plug Power is a company based in United States founded in 1997. The company has 3,220 employees as of December 31, 2024. Plug Power has completed 8 acquisitions, including Afcmea, Applied Cryo Technologies and Cellex Power. Plug Power offers products and services including GenDrive, GenSure, GenFuel, and GenEco. Plug Power operates in a competitive market with competitors including Intelligent Energy, EH Group Engineering, Ballard, Bramble Energy and Home Power Solutions, among others.
- Headquarter United States
- Employees 3220 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Plug Power, Inc.
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Annual Revenue
$628.81 M (USD)-29.45as on Dec 31, 2024
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Net Profit
-$2.1 B (USD)-53.76as on Dec 31, 2024
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EBITDA
-$993.67 M (USD)-2.13as on Dec 31, 2024
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Latest Funding Round
$1.6 B (USD), Post-IPO
Jan 06, 2021
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Investors
SK
& 7 more
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Employee Count
3220
as on Dec 31, 2024
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Investments & Acquisitions
Afcmea
& 7 more
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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.
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.
People of Plug Power
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Software Development Team
81 people
Leadership Team
59 people
Finance and Accounting
30 people
Senior Team
27 people
Sales and Marketing
27 people
Product Management Team
25 people
Project Team
21 people
Sr. Team
15 people
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Funding Insights of Plug Power
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.
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Private debt is provided for green growth capital initiatives.
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Venture debt financing is provided to companies in multiple sectors.
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Private equity firm focused on energy, chemical, semiconductor, logistics, and multiple sectors
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Investor details for Plug Power
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Participation history
Verified entity values are shown only after access is granted.
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.
Investment portfolio details for Plug Power
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Advanced batteries are developed by Giner ELX for energy applications.
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Cryogenic equipment is designed and manufactured for industrial applications.
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Locked | Locked | 2012 | Locked | |
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Energy efficiency services are provided to clients by Joule Processing.
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Locked | Locked | 2009 | Locked |
Complete acquisition details for Plug Power
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- Domains and locations
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Financial Statements - Plug Power
Detailed financials for Plug Power
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- Profit trends
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Plug Power Comparisons
Peer comparison for Plug Power
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Plug Power
Plug Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intelligent Energy, EH Group Engineering, Ballard, Bramble Energy and Home Power Solutions, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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PEM fuel cell and CHP power systems developer
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Low-temperature solid oxide fuel cells are produced for CHP systems.
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Manufacturer of hydrogen fuel cells
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Hydrogen-based fuel cells are developed using printed circuit board technology.
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Integrated energy storage system for power and heating applications
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Detailed competitors of Plug Power
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Plug Power
Complete news archive for Plug Power
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- Full article archive
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- Brand-specific news history
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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 current CEO of Plug Power.
As of Dec 31, 2024, the latest employee count at Plug Power is 3,220.
Annual revenue of Plug Power is $628.81M as on Dec 31, 2024.
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's top competitors include Intelligent Energy, EH Group Engineering and Ballard.
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.
The ticker symbol of Plug Power is PLUG on NASDAQ.