Plug Power (PLUG) Surges 25.3% with New Hydrogen Supply Contract

Plug Power Inc. (NASDAQ:PLUG) surged 25.35% to $1.78 after expanding its partnership for liquid hydrogen supply through 2030 with a US industrial gas company. CEO Andy Marsh emphasized the importance of reliable supply and cost efficiency for scaling applications business and building long-term partnerships with customers.

Plug Power is enhancing its green hydrogen generation network to ensure a reliable, domestically produced supply, with hydrogen plants in Georgia, Tennessee, and Louisiana. The company plans to launch 40 new sites this year, anticipating industry growth from 2026 onwards.

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Read more at Yahoo Finance: Plug Power (PLUG) Spikes Up 25.3% on Renewed Hydrogen Supply Contract