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Plug Power
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Designer, developer and manufacturer of fuel cell systems for industrial material handling vehicles

Founded in 1997
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Company type Public Public (PLUG)
Company type

Industry Group energy & power

Sector fuel cells

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Latham, NY Latham, United States
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Updated by Hattie Partner at on 04/14/2025

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Date Company
04/19/2022

Walmart Walmart

Walmart signed a supply agreement with Plug Power for 20 tons of liquid hydrogen per day to fuel its fleet of material handling lift trucks.

Confirmed by Walmart
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Date Partner Type
01/05/2024
Amazon Amazon
Plug Power installs electrolyzer for Amazon green hydrogen production. The equipment was installed at one of Amazon's Colorado fulfillment centers.
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Confirmed by Amazon
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Date Investors Type Amount
09/05/2024 US Department of Energy (DOE) US Department of Energy (DOE) (1)
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Plug Power has been awarded $10 million by the U.S. Department of Energy (DOE) to demonstrate next generation hydrogen refueling infrastructure for medium and heavy-duty vehicles at scale
 Grant $10,000,000
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GenFuel Hydrogen Infrastructure

Design, procurement, commissioning and maintenance for all the components required to successfully dispense hydrogen inside new / existing facilities.

 Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
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