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Can Plug Power's Expansion Into the Green Energy Sector Fuel Growth?

Key Takeaways PLUG secured $1.66B DOE loan guarantee to build six green hydrogen production facilities in the US.New Georgia plant and JV with Olin in Louisiana aim to boost PLUG's green hydrogen production capacity.High cash burn rate and negative gross margins may weigh on PLUG's near-term performance.Plug Power Inc. (PLUG) has been focusing on expanding its business and investing in the green hydrogen energy market given its long-term growth potential. Going by some estimates, the green hydrogen energy m ...