It signed a 30-12 months concession arrangement to make the plant for the Belgian port, the 2nd biggest in Europe, the organization stated in an announcement.
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In developing the first commercially practical market for hydrogen gas cell know-how, the corporation has deployed a lot more than 69,000 gas cell units and over 250 fueling stations, much more than any person else on earth, and is also the biggest buyer of liquid hydrogen.
The undertaking also features the set up of hydrogen charging stations across Europe, provide of carbon-free of charge hydrogen in addition to servicing and management of fleets.
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The problem is, will the hydrogen financial state choose off as lots of Consider it is going to? and may Plug manage to capitalize on it with the correct business enterprise product?
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it has been nearly a quarter of a century because Plug electric power's general public debut, but it even now hasn't demonstrated its organization design is sustainable yet. It is continue to burning dollars on just about every gasoline cell technique it sells, it depends way too heavily on reduction-foremost specials with Amazon and Walmart, and It truly is enhanced its share depend by a whopping 220% over the past 5 years to offset its inventory-based mostly compensation and lift fresh cash via secondary choices.
Last slide, Plug energy (PLUG 3.09%) issued a dire warning. The hydrogen business projected at that time that it did not have sufficient liquidity to fund its operations from the next 12 months. That caused investors to worry that it may not be able to continue as being a heading problem.