Plug Power climbs as JV commissions hydrogen plant in Louisiana

ReutersApr 17, 2025 12:23 PM

Shares of hydrogen fuel cell maker Plug Power PLUG.O rise 1.9% to 93 cents premarket

PLUG says Hidrogenii, its joint venture with chemical company Olin OLN.N, commissioned its 15 tons per day (TPD) hydrogen liquefaction plant at St. Gabriel, Louisiana

Plant is designed to liquefy up to 15 TPD of hydrogen at maximum capacity, increasing Plug's total production capacity to 40 TPD

As of last close, PLUG shares are down 56.7% YTD

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