#Plug power news portable

In conjunction with the expansion of wind and solar power, Bloomberg NEF 2Įxpects that there will be an 85% decrease in the extraction cost of green hydrogen by 2050. This is produced by electrolysis of water, whereby only electricity from renewable energies is used. The solution for a drastic medium-term price reduction lies in the production of green hydrogen. Currently, 1kg still costs around EUR 9.50. It is therefore expensive and problematic to produce and transport. Since hydrogen does not occur in an unbound state, it must first be obtained using energy. The fact that fuel cells are not yet commercially widespread, as was hoped at the beginning of developments, is partly due to high costs. Mobile applications include fuel technologies for powering motor vehicles, forklifts, drones or boats, while stationary applications include systems for powering buildings.

#Plug power news portable

Portable applications include powering electronic devices such as laptops and smartphones.

In the civilian sector, three main areas of application are being tested: portable, mobile and stationary. Up to now, fuel cells have been used almost exclusively for space or military purposes. The range of applications for hydrogen fuel cells extends from heat and power supply in buildings to off-grid applications and the propulsion of vehicles, aircraft and ships.Ĭurrently costs 1kg hydrogen at the filling station. By converting chemical energy directly into electrical energy and heat, hydrogen fuel cells have significantly higher efficiencies than conventional power plants. Fuel cells generate electricity and heat from hydrogen and oxygen. Key technology that can be used across all industriesįuel cell technology is needed to generate electricity from hydrogen. In this respect, the market leader Plug Power sees itself well-positioned. 1 Fuel cell technology is seen as a key element of the future. In 2021, the German federal government made EUR 8 billion available for 62 selected projects. The National Hydrogen Strategy aims to establish green hydrogen, especially from renewable energies. Hydrogen produced in a climate-friendly way makes it possible to significantly reduce CO2 emissions, especially in industry and transportation, where energy efficiency and the direct use of electricity from renewable sources are not sufficient. In his 1874 novel 'The Mysterious Island,' author Jules Verne described water as the 'coal of the future'. The vision of hydrogen as an energy carrier has been around for a long time. In addition to photovoltaics and wind energy, hydrogen, which can be used in a variety of ways, is considered a key element. The Company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers.In order to successfully implement the energy transition and achieve the goal of climate neutrality, society needs alternatives to fossil fuels. Plug’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. Plug delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. As a result, the Company has deployed over 60,000 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 created the first commercially viable market for hydrogen fuel cell (HFC) technology. 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 providing efficiency gains and meeting sustainability goals. Plug is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. A playback of the call will be available online for a period following the event. īoth the shareholder letter and webcast can be accessed at on the company’s home and investor relations pages. The quarterly shareholder letter has been posted at. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has announced today its 2023 first quarter results. LATHAM, N.Y., (GLOBE NEWSWIRE) - Plug Power Inc.