Plug Power (PLUG) Receives $1.66B Conditional Commitment Loan Guarantee from DoE
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Plug Receives $1.66 Billion Conditional Commitment Loan Guarantee From Department of Energy for Green Hydrogen Development Pipeline
May 14, 2024 8:00 AM EDTLoan guarantee will bolster the buildout of Plugs green hydrogen plant network across the United States, driving rapid advancement of the hydrogen economy
LATHAM, N.Y., May 14, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, received a conditional commitment for an up to $1.66 billion loan guarantee from the Department of Energys (DOE) Loan Programs Office (LPO) to finance the development, construction, and ownership of up to six green hydrogen production facilities.
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