Plug Power collaborates with Department of Energy on hydrogen

Plug Power Inc. CEO Andy Marsh discussed the company's recent changes at the ROTH Annual Conference on March 17, 2025. He highlighted the company's collaboration with the Department of Energy to enhance its hydrogen strategy. Marsh noted that 40% of groceries in the U.S. are transported using hydrogen forklifts, showcasing the growing importance of hydrogen in logistics. He provided revenue guidance for 2025, estimating between $700 million and $800 million. Marsh acknowledged challenges in the hydrogen industry but emphasized its long-term value. He mentioned that Plug Power is undergoing significant restructuring to improve profitability and margins.