Loss-making green hydrogen firm Plug Power raises $268m from shares sale to single investor

Money will be used for day-to-day operations after the US company filed annual losses of $2.1bn in 2024

Exterior signs at the Plug Power Slingerlands manufacturing plant in Bethlehem, New York state. — Exterior signs at the Plug Power Slingerlands manufacturing plant in Bethlehem, New York state.Photo: Albany Times Union/Getty

Leigh Collins

Editor, Hydrogen Insight

Published 20 March 2025, 09:43Updated 20 March 2025, 09:43

Plug Power US Green H2 PEM electrolysers Fuel cells