Plug Power reports “continual momentum” in third quarter 2018 results


Plug Power has declared group revenue of $55.3m in the third quarter of 2018 and has also reported the highest adjusted gross margins in the company’s history.

The hydrogen and fuel cell company sold more than 1,400 GenDrive fuel cell units, seven GenFuel hydrogen stations and delivered products to nine different customers in the third quarter of 2018.

Based on increasing customer traction and a strong sales funnel, the US company recently increased gross revenue targets to between $175m – $190m for 2018.

Plug Power: We must find a way to make hydrogen more accessible

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