Plug Power Raises $1B for US Green Hydrogen Infrastructure Build-Out

By [email protected] Plug Power has raised about $1 billion in a bought equity transaction to fund its plan to build what could be the first U.S.-wide network of green hydrogen production facilities to supply fuel-cell-powered vehicles, including its own, with carbon-free fuel.

The Latham, New York-based company, already the country’s largest user of hydrogen to fuel forklifts and other working vehicles using its fuel cells, also intends to build a gigafactory to expand production of fuel cells and electrolyzers, spurring a phone call last week from U.S. Senator Chuck Schumer (D-New York) to the company asking it to site the factory in

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