PLUG announces expansion to Europe with German headquarters

Plug Power Inc. (NASDAQ: PLUG) announced its expanding operations with a European headquarters in North Rhine-Westphalia in Germany. The announcement was formally made during a meeting between Andy Marsh, Plug Power CEO, and German minister Andreas Pinkwart in Washington D.C. this week.

The initial 70,000-square foot facility will house an innovation center with engineering labs and technical support, a monitoring, diagnostics and technical support center, a green hydrogen generator with an electrolyzer infrastructure on site, a shipping, inventor and logistics center, and a training space.

Roughly 30 employees will work at the facility, which will open at the start of 2022. By mid-2022, the workforce will increase to nearly 60 employees.

The European headquarters is a part of Plug’s overall strategy to rapidly expand its workforce with the increase in demand for clean energy solutions. Plug expects to produce more than 500 tons of green hydrogen per day by 2025.

Author: KS

Source: Plug Power Inc.