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25 Nov
13:37

Plug Power raises $1 billion to accelerate green hydrogen plans

New York-based Plug Power says it has raised about $1 billion to accelerate the first nation-wide green hydrogen network to supply fuel-cell-powered vehicles in the US, Kallanish reports. The money came from one of the largest bought equity deals in the broader clean-tech sector, says the company, a leading provider of hydrogen engines and fueling solutions. It is the largest cash raise in company history with the sale of 43.7 million shares. It now has $1.7 billi…
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