What Investors Need to Know About Plug Power's Move into Finland
Get ready, Scandinavia. Plug Power (NASDAQ: PLUG) wants to help foster the development of hydrogen solutions in the region.
The fuel cell and hydrogen specialist announced several deals in late May, most recently with regard to Finland, that illustrate an ambition to bring hydrogen solutions to the region. Plug's clearly successful in finding partners to collaborate on the development of hydrogen projects, but will these projects translate to material improvements in the company's financials? That's the big question that investors want to know.
With regard to the recently announced planned expansion in Finland, Plug has not one, not two, but three green hydrogen production projects in the works. In total, the three projects are estimated to result in daily green hydrogen production of 850 tons as well as production of up to 700 kilotons of ammonia annually. The development of these projects, however, is not set in stone, and Plug expects final investment decisions to be made in 2025 or 2026.
Source Fool.com
