Reported 9 days ago
Plug Power, a significant player in the hydrogen market, faces a challenging road ahead despite the growing demand for clean hydrogen according to industry reports. With projections indicating substantial growth in the hydrogen sector by 2050, the company struggles with financing and profitability issues that have historically plagued it. Although long-term potential exists, particularly in hard-to-abate sectors, significant hurdles like infrastructure needs, production costs, and market readiness remain. In three years, the outlook suggests little change for Plug Power, continuing its fight for financial stability amidst the broader hydrogen economy's evolution.
Source: YAHOO