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Plug Power Receives $1.66M Loan from DOE for Hydrogen

Plug Power has secured a $1.66 billion conditional loan guarantee from the U.S. Department of Energy to develop their clean hydrogen production pipeline. 

The company plans to build and operate up to six facilities across the U.S. with this funding. The hydrogen will be used in a variety of sectors, including material handling, transportation, and heavy industry.

Plug provides production, storage, and delivery solutions for hydrogen. To date, they have deployed over 69,000 fuel cell systems and over 250 fueling stations. They are an industry leader in hydrogen infrastructure. 

This could be a positive development for domestic hydrogen production, increasing America’s capacity for low carbon hydrogen sources. 

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