![]() ![]() ![]() The company currently holds capabilities in the generation, liquefaction and distribution of hydrogen fuel through their proprietary hydrogen fueling stations, electrolyzers and fuel cell products, which have been critical to the material handling industry. Having established a reputation for providing reliable hydrogen and fuel cell products and solutions in the industry, PLUG is expected to be a key contributor to the growing green hydrogen sector both domestically in the U.S. The anticipated demand for hydrogen means abundant growth opportunities for industry players, including Plug Power ( NASDAQ: PLUG ). alone is forecasted to reach 17 million metric tons by the end of the decade, and further climb towards 63 million metric tons by 2050, representing market growth of more than 6x based on 10 million metric tons of annual usage recorded in 2020. The shift in global behaviour towards decarbonization has accelerated demand for green energy solutions like hydrogen, leading to unprecedented interest on the emerging sector. Even China - the fastest growing emerging market in the world - has pledged to attain net-zero emissions by 2060. has pledged to reduce greenhouse gas emissions by at least 50% below 2005 levels by the end of the decade the leading economy’s commitment to decarbonization is also evidenced through the cancellation of key pipeline build-outs and proposal of material investments into improving infrastructure needed to propel the growth of America’s electric vehicle ecosystem. Led by the Biden Administration, the U.S. The Leaders Summit on Climate that took place in April has been synonymous with an inflection point for global efforts towards climate change. ![]()
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