General presentation of Plug Power
Of course, a thorough knowledge of the Plug Power Company and its activities is also necessary if you wish to complete in depth analyses of this asset. In fact, by clearly understanding the sector in which this group operates, you will be in a better position to anticipate the threats and challenges the company faces.
Plug Power Inc. is an American group specialised in the technological sector. More precisely it is a supplier of renewable and new energy technology based on the design, development, manufacture and sale of hydrogen fuel cell batteries for the off grid industrial sectors and the fixed energy sector.
Among the solutions provided by the Power Plug Group we note the following:
- GenKey which offers its clients solutions for the transition of their maintenance vehicles to fuel cell batteries.
- GenDrive, which is a hydrogen based Proton Exchange Membrane battery system or PEM fuel cell system. This system supplies energy for maintenance vehicles.
- GenFuel is a hydrogen based energy system which was designed to enable clients to refuel their GenDrive systems.
- Gencare is a continuous maintenance and support programme for GenDrive fuel cells and GenFuel products.
- Finally, there is ReliOn which is a stationary fuel cell battery solution. This supplies a modular and evolutionary feed for PEM fuel cell batteries with the aim of responding to emergency energy and network support requirements in the telecommunications, transport and public services sectors.
The Plug Power group currently employs over 830 people and achieves the entirety of its turnover in North America.
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