Plug Power Inc (PLUG) 옵션

As a follow up to my previous post, I actually don't have a high opinion of Sunita Satyapal. It is my personal opinion that she failed the hydrogen community when they needed her leadership the most. I'm referring to the atrocious delay in the Treasury Department guidelines for the clean hydrogen production tax credits, and the horrendous guidelines (based on the 3 pillars) they finally came up with at the very end of the Biden administration. Sunita, in her leadership position at DOE, failed to provide guidance to the Treasury Department (within the same administration). When I asked a question related to the three pillars and DOE guidance, after her presentation at a Mission Hydrogen webinar, she completely dodged the question, which was very telling, and very disappointing to me.

JB, I'm still on the email distribution for Mission Hydrogen, and earlier today I got the following related email from the founder/CEO, David Wenger.

Dear all,

Maybe you’ve heard the very bad news: Sunita Satyapal will resign from her job as the Director of the Hydrogen and Fuel Cell Technologies Office in the U.S. Department of Energy after 22 years.

I am disappointed. This is really bad.

I don’t know if “someone” entered her office and just said “Sunita – You are fired”, if she was DOGEed, or if something else happened. Maybe she just refused to say "beautiful clean coal" or so. I don't know.

However, I have a hard time imagining that she woke up one morning and said to herself “I think I’m going to quit my DoE job, and open an ice cream shop in the mall instead.” It’s pure speculation, but I think it has something to do with two particular persons and their attitude.

In any case, it’s a bad sign for the hydrogen industry. We’re probably losing our most prominent, active and successful leader. I have never met someone in my life who criticized her. Never. Everybody respected her, and everybody loved to work with her.

What most people do not know: Sunita was also instrumental for the success of Mission Hydrogen. Five years ago, just before the start, I had breakfast with her in Tokyo. And during that breakfast, I asked her if she wanted to give a speech on our first Hydrogen Online Conference. She immediately said yes, even though literally nobody had ever hosted an online hydrogen event. She was in, because she trusted me that it would be a success and that her investment of 1 hour would somehow pay off for the world.

And it did. With her as our first confirmed speaker, it was fairly easy to recruit 30 other world-class speakers and some 8,000 live attendees.

Sunita, if you are reading this: THANK YOU VERY MUCH, I will never forget your support.

And the 65,000 people who get this email will hopefully thank you as well – at least mentally – for supporting the start of our knowledge-sharing journey with 250,000+ live attendees in our sessions.

That being said, please check out www.mission-hydrogen.com/inside.

Next week, I’ll talk about “HYDROGEN COMPETITORS” in our new consulting format called “Mission Hydrogen Inside”. I will do 120 min consulting sessions, starting with the focus on “the dark side” , i.e. technologies that are competing for cheap electricity.

In any case, I hope that the DoE team that Sunita built will keep on pushing hard despite the political challenges. Guys, please don’t resign. Two years ago, Europe was terrified because we thought that the US will finally make hydrogen happen thanks to the IRA, the policies and the projects that Sunita and her team had helped to start. And now it looks like they are destroying everything again. Insane. I hope I am wrong.

Make Hydrogen Great Again.

And see you next week.

David Wenger
Mission Hydrogen GmbH
Einsteinstrasse 55
89077 Ulm
Germany

JB, it took me a while to find it. I hope you're referring to this guy.

https://www.youtube.com/@thehydrogenpodcast

According to the above link, this is his most recent video.

WTM - Thanks. Helpful.

What about the videos from the fellow in the Woodlands ?

I used to call him goofy looking.

Steve, congratulations. That's a major achievement to be very proud of. If I'm not mistaken, it's not easy even to just qualify for it.

JB, I sold out of all my hydrogen stocks a while ago. I have a single share of PLUG in one of my accounts just to keep track of the share price. PLUG was one of 3 stocks out of 20 in the red in my portfolio, which was up 6.53% on Friday.

Coincidently, I watched the following hydrogen related webinar yesterday, the first in a long time, just to see if anything had improved since I sold out, and found out that the prospects are still quite bleak, depressing really.
I believe it was taped and the recording is available by registering for it. The most important segment is the Q&A at the end of the webinar. Link to webinar registration https://www.gasworld.tv/webinar-program/2025-large-scale-projects-part-1/

A SIGN OF THE TIMES :

https://hydrogen-central.com/dr-sunita-satyapal-announces-departure-from-us-department-of-energy-after-nearly-22-years-of-service-advancing-hydrogen-innovation/

Hydrogen Leadership realizes that Hydrogen is NOT the answer.

WTM - How are your hydrogen stocks doing lately ?

If I recall, you have posted YouTube links for a Hydrogen guy in the Woodlands ...

Is he still in business ? Could you please provide a link ? I didn't need one when you were active, but now that you have gone silent I'd like to watch his videos.

Most of them are hysterical.

Here is an interesting article :
https://www.electrive.com/2025/04/24/omv-to-close-all-hydrogen-refuelling-stations/

That’s great brother. I’m 66 and walk 3 miles in and hour 4 x weekly and thought I was doing well. Funny how I get rocks in my shoe and it’s aggravating. CONGRATS !! It’s inspiring to hear your story.

5:04:57 I started having issue after a mile and a half with hamstrings tightening up and then the calves. Later I must have got a rock in my left shoe as my second toe started hurting and the whole top looks like a blood blister and no doubt, I will lose that toenail. Still had enough to sprint the last 200, but I did walk a good amount as it was warm for me. I drank Gatorade and water every mile and ate salt tabs along with 6 or so gels. The crowds were amazing, and my family was there to support me. At 70 will probably be my last, but who knows? I do think on a cool day if my body was behaving, I could do a 4:30 on that course.

Congrats steve, What was your time ?

Off subject, but I finished the Boston marathon. And am still alive.

Green Hydrogen for Energy Was a Story We Told Ourselves

The French philosopher Bruno Latour once said technology doesn’t succeed because it works. It succeeds because enough people act like it does.

For nearly a decade, that’s exactly what happened with green hydrogen as an energy carrier. The story was so compelling, the coalition so wide, the urgency so real, that for a time, it barely mattered that the physics didn’t cooperate.

Now, in 2025, the act is ending. Major energy firms are quietly walking away. Government strategies are being rewritten. Even the loudest champions of hydrogen-fuelled futures have stopped performing certainty.

And Latour would recognize every step of this collapse.

That sort of thing happens a lot in China. The big thing right know is locally made "Russian" goods.

It will take a long time for China to become the number 1 power, if ever.

They may change with the growing hydrogen fuel cell vehicle market.

Funny how the first article mentions Nikola motors who recently filed for BK protection. Trevor Milton who was the founder of Nikola scammed millions of investors from his scam and he was just pardon by Donald Trump . This only happens in America and as the way I see it very soon we will all be speaking mandarin. China may become the # 1 power country soon . IMO

rick - PLUG is $0.85 ! For many reasons.

Pumping and Hype may have gotten PLUG to $75, but the FACTS say PLUG is worth $0.85.

Plug may have traded at $75; but Plug was never worth $75.

Global Top 10 Hydrogen Fuel Cell Truck Companies [2025]
https://www.blackridgeresearch.com/blog/list-of-top-hydrogen-fuel-cell-truck-fct-companies-oems-makers-manufacturers-suppliers

BYD Enters Hydrogen Fuel Cell Market with Launch of Hydrogen-Powered Bus

https://www.hydrogenfuelnews.com/byd-enters-hydrogen-fuel-cell-market-with-launch-of-hydrogen-powered-bus/8570596/

How BMW and Toyota plan to make hydrogen cars cheaper
https://www.msn.com/en-au/motoring/news/how-bmw-and-toyota-plan-to-make-hydrogen-cars-cheaper/ar-AA1q2vY9?ocid=ue03dhp

The Shu Dao Toyota hydrogen fuel cell smart manufacturing base has settled in Chengdu, with a total investment expected to be 1 billion yuan
https://hydrogen-central.com/the-shu-dao-toyota-hydrogen-fuel-cell-smart-manufacturing-base-has-settled-in-chengdu-with-a-total-investment-expected-to-be-1-billion-yuan/

yea...i dont think so...

Hydrogen Fuel Cell Vehicle Market to Reach $46.4 Billion, Globally, by 2033 at 43.2% CAGR: Allied Market Research
https://www.globenewswire.com/news-release/2025/04/24/3067714/0/en/Hydrogen-Fuel-Cell-Vehicle-Market-to-Reach-46-4-Billion-Globally-by-2033-at-43-2-CAGR-Allied-Market-Research.html

Trump puts clean hydrogen hopefuls back on defense after tax credit debate https://spglobal.com/commodity-insights/en/news-research/latest-news/electric-power/013125-trump-puts-clean-hydrogen-hopefuls-back-on-defense-after-tax-credit-debate $PLUG

The big investors are still on the dance floor!

Not good ! Copy and Pasted from the article.
“ The stations faced persistently low vehicle numbers, low throughput, and mounting operating losses.“

Plug’s rally faded again . I hope you are making money on this ! I see $.50 coming soon . IMO

Here is an interesting article :
https://cleantechnica.com/2025/04/22/from-austria-to-california-why-hydrogen-fuel-stations-arent-breaking-even/amp/

What do you like ? We know what you hate LOL

I have awhile ago. Thanks.

jammy - Have you given up on PLUG ?

Hopefully you have sold all of your shares by now.

Heard in the Corner Office : 5:30 PM ; Latham , NY

Andy Marsh : I want everyone in my Office ... NOW !

AM : Okay People, I need ideas . We're not going to last the week unless we start putting out some good news ... What have we got ?

Sanjay : Boss, Can we add anything to the LA Plant openning news ... like an immediate expansion ?

AM : An Expansion ? With what ? Everyone knows we are running on fumes .. we can't even keep our food service open , let alone spend money on a boondoggle.

Investor Relations : How about a New MOU. $5 Billion . With AGA in Outer Mongolia ?

AM : How many deals do we have running with AGA already ? Will anyone believe we have another one ?

AM : Paul, how do earnings look ? Can we do an interview and drop a hint that the earnings will be great ?

Paul M : Andy, We can't do that, because this Q is going to be the worst ever. Hopefully some miracle will happen otherwise the music won't be pretty.

Investor Relations : Paul, Andy, Have you guys thought about resigning ? That would easily get us above $1.00 ... maybe higher ?

AM : We already considered that, but NO ONE wants the jobs. No one wants to try to drive a train wreck.

AM : Alright. $1,000 to anyone who can come up with something to stop this bleeding .....

EVERY PLUG RALLY ....... Fades !

Even the biggest Plug rally is gone.

Smart move

I’m waiting on .50 cents

Ec

PLUG, new 52 week low

You were right. kudos

I believe the stock is heading way lower to around $.50 the losses here may continue to over 600 million a year .imo

Hydrogen-Powered Urban Trains: A Greener Future for Public Transit
https://idstch.com/security/hydrogen-powered-urban-trains-a-greener-future-for-public-transit/

Platinum-based PEM technology at heart of everything we do, says Plug Power of US
https://www.miningweekly.com/article/platinum-based-pem-technology-at-heart-of-everything-we-do-says-plug-power-of-us-2025-04-18

PLUG, new 52;week low

https://www.msn.com/en-us/money/markets/loss-of-federal-tax-credits-could-doom-green-energy-projects/ar-AA1D89tT?ocid=msedgntp&cvid=f6ca8a45b83245e482ebb2029e194b28&ei=63

I hope this does not happen, because if we lose this then we are in big trouble.

Looks like Andy and HYVIA were too earlyhttps://drivinghydrogen.com/2025/04/17/france-backs-hydrogen-vans-in-e9-billion-national-strategy-reboot/?fbclid=IwZXh0bgNhZW0CMTEAAR6k4v_e6IF2Q95Gw63uzkPjG2qMKQCqydz860pXmR9lCN7jF44gYDMRABa8Jw_aem_pjuZgwQhK8X-_AxPY3hktg#newsletter
Hopefully Lhyfe will get some electrolyser orders for PLUG

I was looking at the 2 year chart high of $13 and maybe it could go back there in 2-3 years but I’m still a bit skeptical. If PLUG could get better financing and not dilute shareholders then maybe ?

Opi - Why ?

Plug is a Lousy Company with Lousy management and is a Lousy investment !

Start looking at real, soild best in breed comapnies instead of this pturd.

I’m looking for an entry level here but it’s very hard to catch a falling knife. I’m waiting on $.60 $.65 could be possible for a good entry long position. IMO

B_B - The LA Plant is Already priced in.

We might see a bump , but remember ....

EVERY PLUG RALLY FADES WITHIN DAYS !

Hidrogenii, a Plug and Olin Joint Venture, Commissions 15 Ton Per Day Hydrogen Liquefaction Plant in Louisiana
April 17, 2025
Hydrogen Capture Enhances Sustainability and Profitability of Olin’s St. Gabriel Facility

Plug US Hydrogen Capacity now at 40TPD

ST. GABRIEL, La., April 17, 2025 (GLOBE NEWSWIRE) -- Hidrogenii, the joint venture between Plug Power Inc. (NASDAQ: PLUG) and Olin Corporation (NYSE: OLN), today announced the commissioning of its 15 metric-ton-per-day (TPD) hydrogen liquefaction plant in St. Gabriel, Louisiana. Among the largest electrolytic hydrogen liquefaction facilities in North America, the site marks a major milestone in strengthening the regional hydrogen supply chain and accelerating the U.S. transition to low-carbon energy.

The newly commissioned facility will liquify hydrogen produced by Olin for trailer shipments across the U.S., serving Plug’s material handling customers and utilizing Plug’s novel spot pricing market. The plant is designed to liquefy up to 15 TPD of hydrogen at maximum capacity, increasing Plug’s total production capacity to 40 TPD.

“This Louisiana plant, a milestone in expanding our U.S. hydrogen network, bolsters our financial position by leveraging a dependable, cost-effective hydrogen source, reducing our reliance on third-party suppliers,” noted Plug CEO Andy Marsh.

Ken Lane, President and CEO of Olin, added, “This joint venture is consistent with Olin’s value-first approach to build on our existing leading positions through high-value adjacencies or bolt-ons that align with our capital allocation framework.”

Established in 2022, Hidrogenii was formed by Plug and Olin to build and operate this state-of-the-art liquid hydrogen facility in St. Gabriel, Louisiana. The plant plays a key role in Plug’s broader strategy to scale a national green hydrogen network, joining existing Plug production sites in Woodbine, Georgia (15 TPD), and Charleston, Tennessee (10 TPD).
https://www.ir.plugpower.com/press-releases/news-details/2025/Hidrogenii-a-Plug-and-Olin-Joint-VentureCommissions-15-Ton-Per-Day-Hydrogen-Liquefaction-Plant-in-Louisiana/default.aspx

Oh Happy Day.

https://finance.yahoo.com/news/hidrogenii-olin-plug-joint-venture-113000645.html

Judge orders Trump admin to take ‘immediate steps’ to resume climate funding
By Lesley Clark | 04/16/2025

A Rhode Island judge found the administration lacked authority to freeze funding that Congress appropriated. Agencies must report compliance Wednesday.

The Trump administration has until 5 p.m. Wednesday to detail its compliance with a sweeping federal court order to immediately lift a nationwide funding freeze on climate-related grants.

Judge Mary McElroy of the U.S. District Court for Rhode Island on Tuesday ordered several agencies, including EPA and the Energy and Interior departments, to take “immediate steps” to resume processing grants that were awarded under the 2022 Inflation Reduction Act and the 2021 Infrastructure Investment and Jobs Act. She found the agencies had no authority to put the funding on ice.

Federal agencies do not “have unlimited authority to further a president’s agenda, nor do they have unfettered power to hamstring in perpetuity two statutes passed by Congress during the previous administration,” McElroy wrote in a 63-page decision that ordered the administration to file a status report Wednesday on its compliance.
...
https://www.eenews.net/articles/judge-orders-trump-admin-to-take-immediate-steps-to-resume-climate-funding/

This was posted on April 16, 2025, on the U.S. Department of Energy’s Hydrogen and Fuel Cell Technologies Office website.

April H2IQ Hour Webinar: Geologic Hydrogen
April 24, 2025 12:00PM to 01:00PM EDT

Join our H2IQ Hour webinar on April 24, 2025, at 12 p.m. ET for updates on the energy potential of geologic hydrogen from Geoffrey Ellis at the U.S. Geological Survey (USGS) and Douglas Wicks with the U.S. Department of Energy (DOE).
...
The presence of natural hydrogen in Earth’s subsurface is well-documented in a variety of geologic environments, but the global potential of this resource is not fully understood. Recent discoveries around the world, including in the U.S., highlight the need to widen the search and develop the right tools to access this potentially vast energy resource.
...
The H2IQ Hour will include two live presentations (45 minutes) followed by a 15-minute Q&A.
https://www.energy.gov/eere/fuelcells/events/april-h2iq-hour-webinar-geologic-hydrogen

Hydrogen and Fuel Cell Technologies Office
https://www.energy.gov/eere/fuelcells/hydrogen-and-fuel-cell-technologies-office?nrg_redirect=270099

Pacific Northwest Hub is essential to driving a hydrogen future
GUEST COLUMN Dan Newhouse Congressman
April 16, 2025 Guest Contributor

The Pacific Northwest stands at a pivotal crossroads when it comes to the future of energy. Blessed with an abundance of hydropower resources, the region has an unparalleled opportunity to lead the nation in developing a hydrogen economy. By leveraging both its hydroelectric resources and heavy industry sectors, the PNW can create a new wave of economic prosperity and develop a regional energy hub that will benefit local industry and consumers.
…
https://www.tricitiesbusinessnews.com/articles/newhouse-april-2025