Plug Power Secures $10M Grant From US Department Of Energy To Demonstrate Next Generation Hydrogen Refueling Infrastructure For Medium And Heavy-duty Vehicles At Scale
Portfolio Pulse from Benzinga Newsdesk
Plug Power has received a $10 million grant from the US Department of Energy to demonstrate advanced hydrogen refueling infrastructure for medium and heavy-duty vehicles. This initiative aims to scale up hydrogen refueling capabilities, potentially enhancing Plug Power's market position in the hydrogen economy.
September 05, 2024 | 11:39 am
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Plug Power has been awarded a $10 million grant by the US Department of Energy to develop next-gen hydrogen refueling infrastructure. This could strengthen its position in the hydrogen market.
The $10 million grant from the US Department of Energy is a significant endorsement of Plug Power's technology and potential in the hydrogen sector. This funding will likely enhance their capabilities in hydrogen refueling infrastructure, a critical component for the adoption of hydrogen vehicles. The news is likely to positively impact Plug Power's stock in the short term as it positions the company as a leader in the hydrogen economy.
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