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15 May

Plug Power to receive $1.66 billion loan from US government

Plug Power has received a conditional commitment for a loan guarantee of up to $1.66 billion from the US Department of Energy (DOE) to support six green hydrogen production facilities. The company’s development pipeline includes the build-out of clean hydrogen facilities in several potential locations across the US. These will use Plug’s electrolyser stacks made at its gigafactory in Rochester, New York, and supply major companies, including its existi…
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