Plug Power received a conditional commitment for an up to $1.66 billion loan guarantee from the Department of Energy’s, DOE, Loan Programs Office, LPO, to finance the development, construction, and ownership of up to six green hydrogen production facilities. The production facilities, which will be selected for financing in accordance with procedures to be set forth in definitive documentation with DOE, will be built across the nation and supply major companies, including Plug‘s existing customers, with low-carbon, made-in-America green hydrogen. The hydrogen generated will be used in applications in the material handling, transportation, and industrial sectors.
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