CleanTechnica•4 months ago
When Hydrogen Maintenance Meets Meltdown: Inside Plug Power’s Desperation Phase
- •Plug Power is suspending work on its Department of Energy-backed green hydrogen projects, walking away from a $1.66 billion federal loan guarantee.
- •This decision signals significant financial distress for a major green hydrogen OEM and raises concerns about the immediate bankability and scalability of large-scale green hydrogen initiatives.
- •The event highlights the substantial risks and execution challenges, even with federal support, in developing and deploying emerging energy technologies like green hydrogen.
financing