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Plug Power logo — Green Hydrogen at Work

Plug Power

Green Hydrogen at Work

Founded 1997 United States United States 2207 employees Post-IPO Equity Total: $5.09B Energy, Industrial +2

General Information

Company Name Plug Power
Founded Year 1997
Location United States United States
Employees 2207
Industries Energy, Industrial, Manufacturing +1
Funding Stage Post-IPO Equity
Social

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About Plug Power

Plug Power, founded in 1997 and headquartered in the United States, is a pioneering company in the green hydrogen sector, a subset of the broader Energy, Industrial, Manufacturing, and Oil and Gas industries. With its slogan, "Green Hydrogen at Work," the company aims to create a comprehensive green hydrogen ecosystem. This involves not just production but also storage, delivery, and energy generation, aiming to respond to market demand for decarbonization solutions.

The company recently secured a significant financial boost with a $200.00M Post-IPO Equity investment on 19 July 2024, signifying investor confidence and positioning Plug Power for potential scalable growth. This financial backing empowers Plug Power to further its mission of facilitating environmentally sustainable energy solutions, presenting a compelling opportunity for investors seeking entry into the future-forward energy domain.

Business keywords: Green hydrogen, Fuel cell technology, Renewable energy, Decarbonization, Energy generation, Hydrogen production, Energy security, E-mobility, Environmental benefits, Efficiency gains, Electrolyzers, Clean energy solutions, Hydrogen economy, Transportation industry

Funding Rounds & Investors (15)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Equity $200.00M -
19 Jul 2024
Post IPO Debt $1.66B 1
US Department of Energy
14 May 2024
Grant $75.70M 1
US Department of Energy
14 Mar 2024
Post IPO Equity $2.00B -
09 Feb 2021
Post IPO Equity $1.00B -
24 Nov 2020
Post IPO Debt $100.00M 1
Generate Capital
Generate Capital
03 Apr 2019
Post IPO Debt $25.00M 1
New York State
New York State
23 Dec 2016
Post IPO Equity $13.60M -
22 Mar 2012
Grant $499.86K 1
NYSERDA
NYSERDA
18 Jun 2008
Grant $8.60M 1
US Department of Energy
31 Oct 2006

View All 15 Funding Rounds

Latest News

View All
Amazon obtains right to buy stock in Generac, boosting power company's share price by over 40% — Cnbc
Amazon obtains right to buy stock in Generac, boosting power company's share price by over 40%
Cnbc Sep 16, 2026

Plug Power Alternatives & Competitors

View All Alternatives
Plug Power vs
SIQENS GmbH
SIQENS GmbH Germany

Hydrogen infrastructure and clean power generation Electrochemical hydrogen processing and methanol...

Grant
19 employees
Energy, Clean Energy
Plug Power vs
HYVIA
HYVIA France

The new path to hydrogen mobility 🚗 ⚡

112 employees
Energy, Manufacturing
Plug Power vs
HAMR - Fuelling a Sustainable Future
HAMR - Fuelling a Sustainable Future Australia

Sustainable fuels | Green methanol | Low carbon chemcials | Circular economy | Hydrogen | Renewable...

Pre-Seed
8 employees
Manufacturing, Sustainability
Also compare with: Plug Power vs Electric Hydrogen Electric Hydrogen Plug Power vs HyAxiom, Inc. HyAxiom, Inc. View all alternatives

FAQ About Plug Power

Green Hydrogen at Work
Plug Power was founded in 1997.
Plug Power is headquartered in United States.
Plug Power operates in Energy, Industrial, Manufacturing and Oil and Gas. Its work centres on Green hydrogen, Fuel cell technology, Renewable energy and Decarbonization.
Plug Power has approximately 2207 employees.
Plug Power has completed 15 funding rounds, raising a total of $5.09B. The latest funding stage is Post-IPO Equity.
Top alternatives and competitors to Plug Power include SIQENS GmbH, HYVIA, HAMR - Fuelling a Sustainable Future, Ohmium, Electric Hydrogen. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Plug Power and SIQENS GmbH are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Plug Power, https://bouncewatch.com/company/plug-power, updated 11 August 2025. When citing, please name BounceWatch and link this page.

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