NasdaqCM:PLUGElectrical
Plug Power Axes STAMP Hydrogen Hub As Growth Priorities Shift
Plug Power (NasdaqCM:PLUG) has cancelled its large green hydrogen production facility planned at the STAMP site in New York.
The company is selling the site assets to Stream Data Centers, ending a high profile clean energy project.
This move follows permitting, financing, and federal loan hurdles tied to the project.
Plug Power focuses on hydrogen fuel cell systems and green hydrogen supply, so the STAMP project was a high visibility part of its build out plans. Its cancellation and asset...