The demand for green hydrogen is likely to increase immensely in the coming years – Plug Power wants to benefit from this along the entire value chain.
(Photo: imago images/Joerg Boethling)
Dusseldorf Hydrogen specialist Plug Power sees the market for green hydrogen at a turning point. CEO Andrew Marsh says in an interview with the Handelsblatt: “In the USA, green hydrogen can already be competitive in some cases.” This is also possible in Europe.
The US group is one of the largest hydrogen companies in the world. So far, however, Plug Power has mainly focused on the production of fuel cells, especially for forklifts. His customers include the retail giants Walmart and Amazon. Last year, the company made sales of 502 million US dollars – with the prospect of rapidly increasing demand, Marsh now wants to completely restructure the group.
From the production of electrolysers and fuel cells to the production of green hydrogen and trading, Plug Power should cover the entire value chain in the future. For 2025, Marsh expects sales of three billion dollars a year.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue