Plug Power (NASDAQ:PLUG) hosted its Analyst Day at its Rochester Gigafactory today. The company provided valuable insights into the operational scale of Plug’s manufacturing facilities, including the Rochester gigafactory and Vista manufacturing facility, to showcase the company’s ability to deliver innovative and sustainable hydrogen solutions at scale.
The company emphasized a roadmap to 2030, capitalizing on current growth. The company aims to exceed 2,000 tons of daily hydrogen production from its green hydrogen network, including its first kiloton-scale plant by 2030. Furthermore, Plug envisions deploying one gigawatt (GW) of stationary power products, shipping five GW of electrolyzers annually, and supplying 500,000 fuel cell-powered forklift trucks by 2030.
Plug introduced the HL 1500, the market's first portable hydrogen refueler, reducing costs and deployment time for medium-duty and heavy-duty hydrogen-powered commercial vehicles. The self-contained fueling station "on wheels" has gained traction with major transit agencies like Rochester Genesee Transit and SamTrans. Shipments will be delivered to three transit customers by year-end.