Plug Power

United States
Latham, New York, United States, 12110

Company profile

Plug Power company profile

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.

Business identity

Contact email
[email protected]
Phone number
+1 518-782-7700
Operating status
Active
Company type
For Profit
Employee range
1,001-5,000 employees
Revenue range
$500,000+
Founded
1997-01-01

Headquarters

Postal code
12110
Country code
US
Continent
North America

Capital profile

Funding and company signals

Funding stage
IPO
Funding rounds
44
Total equity funding
$6.1B
Last funding
Post IPO Debt / $399.4M / 2025-11-18
Last equity funding
Post IPO Equity / $370M
Investors
15
Lead investors
14
Founders
1
Articles
1,522
Exited on
1999-10-29

Founders and investors

Founders

George McNamee

Lead investors

Air LiquideGenerate CapitalHercules CapitalInternational Finance CorporationInterrosNational Institute of Standards and TechnologyNew York StateNornickelNYSERDASilicon Valley Bank

Investors

Generate CapitalHercules CapitalInternational Finance CorporationSilicon Valley BankUS Department of Energy