Plug Power is a provider of clean hydrogen and zero-emission fuel cell solutions.
Plug Power is a hydrogen and fuel cell company that provides clean hydrogen and zero-emission fuel cell solutions.Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell technology. As a result, the Company has deployed over 40,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. Plug Power’s vertically-integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The company was founded in 1997 and based in Latham, New York.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Feb 9, 2021 | Post-IPO Equity | $2B | — | — | — | Detail |
Jan 6, 2021 | Post-IPO Equity | $1.50B | 1 | SK Group | — | Detail |
Nov 24, 2020 | Post-IPO Equity | $1B | — | — | — | Detail |
May 13, 2020 | Post-IPO Equity | $200M | — | — | — | Detail |
Apr 3, 2019 | Post-IPO Debt | $100M | 1 | Generate Capital | — | Detail |
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Oct 14, 2021
Universal Hydrogen
|
Series B | $62M | Aerospace | — |
Apr 22, 2021
Universal Hydrogen
|
Series A | $20.50M | Aerospace | — |
Investor Name | Lead Investor | Funding Round |
---|---|---|
SK Group | Yes | Post-IPO Equity |
Generate Capital | Yes | Post-IPO Debt |
New York State | Yes | Post-IPO Debt |
Hercules Capital | Yes | Post-IPO Debt |
Air Liquide | Yes | Post-IPO Equity |
Silicon Valley Bank | Yes | Post-IPO Debt |
US Department of Energy | Yes | Grant |
Interros | Yes | Post-IPO Equity |
Norilsk Nickel | Yes | Post-IPO Equity |
U.S. Department of Defense | Yes | Grant |
Plug Power has acquired 8 organizations. Their most recent acquisition was Cellex Power Products on Mar 16, 2007. They acquired Cellex Power Products for 0.
Date
Company Name
|
Industry | Acquisition Type | Price | |
---|---|---|---|---|
Mar 16, 2007
Cellex Power Products
|
Electronics | acquisition | — | Detail |
Apr 2, 2014
ReliOn
|
Clean Energy | acquisition | $ 4M | Detail |
Jun 6, 2018
American Fuel Cell
|
CleanTech | acquisition | — | Detail |
Jun 11, 2019
EnergyOR
|
Developer Platform | — | — | Detail |
Jun 23, 2020
Giner ELX
|
Renewable Energy | acquisition | — | Detail |