Plug Power Inc (NASDAQ:PLUG) plans to leverage the Inflation Reduction Act’s Section 45V Credit for the Production of Clean Hydrogen in its upcoming quarterly financial reports. This development positions Plug Power among the first U.S. clean hydrogen producers to utilize this new incentive, which has sent the stock price higher. The PTC offers up to $3.00 per kilogram for clean hydrogen produced in the U.S., making hydrogen production more cost-competitive with traditional fossil fuels. This benefit will significantly lower Plug Power’s fuel costs and help achieve a break-even fuel margin by year-end, with positive fuel margins expected in 2025 and beyond. Plug Power’s 15-ton-per-day electrolytic hydrogen plant in Georgia, the largest in the U.S., marks a significant milestone in the company’s efforts to build a vertically integrated hydrogen ecosystem. Additionally, Plug operates a 10 TPD plant in Tennessee and plans to open a 15 TPD liquid hydrogen facility in Louisiana by the end of 2024. The company is also working on future plant developments across the U.S. and collaborating with key strategic suppliers to expand its green hydrogen network. Despite a 74% stock loss in the last 12 months and a first-quarter fiscal 2024 net revenue decline of 42.8% year-over-year, PLUG shares are trading higher by 3.25% to $2.54 premarket on Friday.