Published by Todd Bush on January 17, 2025
Loan guarantee supports Plug’s domestic hydrogen production plant buildout
Plug’s Graham, Texas, plant first beneficiary of loan guarantee
SLINGERLANDS, N.Y. — Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, closed a $1.66 billion loan guarantee from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO).
"Finalizing this loan guarantee with the Department of Energy represents a significant step in the expansion of our domestic manufacturing and hydrogen production capabilities, which create many high-quality jobs throughout the U.S.," said Andy Marsh, CEO of Plug Power. "In addition to reducing carbon emissions and enhancing the resilience of the U.S. energy grid, we believe the hydrogen economy aligns closely with national security interests, ensuring that the U.S. remains at the forefront of energy technology development and deployment on a global scale."
>> In Other News: USGS Releases First-ever Map of Potential for Geologic Hydrogen in U.S.
The loan guarantee will help finance the construction of up to six projects to produce and liquify zero- or low-carbon hydrogen at scale throughout the United States.
Plug’s Graham, Texas, green hydrogen plant, the first to benefit from this financing, will create hundreds of high-quality jobs.
Powered by an adjacent wind farm, Plug’s green hydrogen production plant will utilize the company’s electrolyzer stacks manufactured at its factory in Rochester, N.Y., and its liquefaction and storage systems built at its facility in Houston.
The hydrogen economy is strengthening America’s energy independence and securing U.S. leadership in clean energy innovation. Most importantly, the industry is a vital step toward bolstering the resilience of the U.S. energy grid and reducing reliance on foreign energy sources. By aligning with national security priorities, this initiative ensures the U.S. remains a global leader in cutting-edge energy technology and economic growth.
Plug’s current hydrogen generation network, with plants in Woodbine, Georgia; Charleston, Tennessee; St. Gabriel, Louisiana, has a liquid hydrogen production capacity of approximately 45 tons per day.
Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.
With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.
For more information, visit www.plugpower.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💧 Blue Hydrogen Just Won 2025: 10x More Than Green ✈️ Houston American Energy Advances Development of Sustainable Aviation Fuel ⛏️ Max Power Expands Natural Hydrogen Discovery Po...
Inside This Issue ⚡ Google's Power Play: First CCS Deal Reshapes Energy 🌎 True North Carbon's Tamarack Project, Canada's Largest Single-Technology Direct Air Capture Deployment, Achieves First Cap...
Inside This Issue 💰 The $27/ton Question: What Makes a Carbon Removal Credit Worth 3x More? 🛢️ EPA Issues Three Class VI Permits to ExxonMobil in Jefferson County, Texas 🌍 UN Endorses First Articl...
BILBAO, Spain — H2SITE, the deep-tech start-up revolutionizing high-purity hydrogen production through cutting-edge palladium membrane technology, is scaling up its industrial presence with project...
CCS+ Initiative and Puro.earth Join Forces to Integrate Carbon Credit Methodologies and Scale CCS
Today, the CCS+ Initiative and Puro.earth (Puro), a leading standard and registry for durable carbon removal, announced that they have signed a Memorandum of Understanding (MoU). Through this strat...
October 27, 2025 Company to supply critical compression equipment for ammonia production and CO2 transportation, and a steam turbine-driven power generation generator technology Facility to produ...
BUFFALO, N.Y., Oct. 27, 2025 /PRNewswire/ -- Buffalo Biodiesel Inc., a leading recycler of used cooking oil (UCO) and a pioneer in renewable feedstock production, recently announced that it has suc...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.