Plug Power

Company

Investment-firm

Last deal

$1.66B

Amount

Post-IPO Debt

Stage

14.05.2024

Date

3

all rounds

$7.17B

Total amount

Financing round

General

About Company
Plug Power Inc. develops hydrogen fuel cell systems to replace batteries.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1997

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Debt

IPO status

Private

Description

The American company, headquartered in Latham, New York, integrates fuel cells from Plug Power and Ballard Power Systems into its GenDrive system. This system allows for quick recharging, steady power output, and occupies the same space as conventional batteries. Plug Power has a history of shareholder class action lawsuits but has also achieved significant milestones, such as shipping ProGen fuel cell engines and forming partnerships with SK Group and Renault. The company aims to build the hydrogen economy and has deployed over 40,000 fuel cell systems, making it the largest buyer of liquid hydrogen. Plug Power's GenKey solution provides comprehensive turnkey solutions to customers like Amazon, BMW, and Walmart, offering environmental benefits, efficiency gains, fast fueling, and lower operational costs.
Contacts

Contact Email

Phone number

Social url

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3

Number of Funding Rounds

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Money Raised

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United Hydrogen Group acquired by Plug Power

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People

Founders
1
George McNamee
George McNamee

George McNamee

George McNamee has served as a director since August 1999; he brings extensive experience with the management of public and private companies, as well as deep financial expertise. Currently a private investor, McNamee served as a managing partner of FA Technology Ventures Corporation, an information and energy technology venture capital firm, from 2000 until 2012. He serves as chairman of the board of directors of Plug Power Inc., a leading fuel cell developer, and is a director of several private companies, a Sterling Fellow of Yale and a Trustee of the Albany Academies and The American Friends of Eton College. McNamee previously served on the board of directors of Broadpoint (now Gleacher) Securities as well as serving from 1984 to 2007 as chairman of its predecessor First Albany Companies and was also a board member of the New York Stock Exchange Inc., Maplnfo, Home Shopping Network, Inc. and the Meta Group. He holds a B.A. from Yale University. McNamee will be retiring from the board of directors and is not standing for re-election at this annual meeting.

current job

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Employee Profiles
114
Frans Roozendaal

Frans Roozendaal

Executive Vice President

Daniel O'Connell

Daniel O'Connell

Plant Manager

Mark Cohen

Mark Cohen

Sr. Systems Engineer

Kevin Kopczynski

Kevin Kopczynski

Vice President, Strategy and M&A

Corine Dubruel

Vice President and Managing Director, Europe

Darin Painter

Darin Painter

Vice President of Sales - Stationary Power

Michael Williamson

Fleet account manager

Iakovos Katsipis

Data scientist

Activity

Recent News
43
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