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New York State Pursuing Federal Hydrogen Hub, Plug CEO Says [Business News Network (BNN) (Canada)]

Plug Power, Inc. (PLUG) 
Last plug power, inc. earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.plugpower.com/home/default.aspx
The federal infrastructure package signed into law last year set aside $8 billion to create at least four hydrogen hubs nationwide, as part of President Joe Biden's efforts to fight climate change. Companies in each hub would produce and use the clean-burning fuel, which is seen as key to decarbonizing heavy industry. Plug Power, based near Albany, New York, is already building a plant northeast of Buffalo to produce “green hydrogen,” which is stripped from water using renewable electricity and gives off no greenhouse gases during its production or use. Plug also has a facility making electrolyzers - the machines that separate hydrogen from water - in Rochester. Chief Executive Officer Andy Marsh told analysts Wednesday that the company has been in talks with representatives of Governor Kathy Hochul and Senator Chuck Schumer about incorporating Plug's plans into a proposal for New York to host one of the hubs. He said he expected the U.S. Department of Energy to issue a request for Show less Read more
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