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"01:03 PM The House received a message from the Clerk. Pursuant to the permission granted in Clause 2(h) of Rule II of the Rules of the U.S. House of Representatives, the Clerk notified the House that she had received the following message from the Secretary of the Senate on August 8, 2022, at 12:57 p.m.: That the Senate agreed to S. J. Res. 55 and S. Res. 748; that the Senate passed S. 3115, S. 3606, S. 4205, S. 4458, S. 4785, and H.R. 5376, with amendment."
Sean James, Microsoft
https://www.youtube.com/watch?v=bM0omYjgI3o
CEO, Andy Marsh
Now Microsoft wants another thousand of these.
Who do you think will get the order?
Don't panic if there are slight temporary pullbacks along the way.
The chances of some major retrace from here are essentially nil, imo. Plug's business -- or should I say businesses, meaning every channel in its fully vertically integrated enterprise -- is hitting on all cylinders as demand for green H2 is growing as fast as growing Plug's green H2 network can keep up
Winston Churchill
One day we will look back at 30 and see just how inexpensive that price was.
• Analysts say the IRA will accelerate growth of the green H2 industry and boost PLUG’s product lines.
• PLUG was on a good track prior to the IRA, it’s really just an accelerator, especially for the electrolyzer business.
• The credits make PLUG’s business better from both a H2 demand and cost effectiveness perspective.
• IRA now makes green H2 more cost competitive than grey. Also helps on the cost of H2 generation and the build out of the H2 network.
• Company will improve their cost margins 2 ways: first, by becoming vertically integrated and building out their own H2 plants. This flips their negative margins when purchasing H2 from others to over 30% gain in gross margins. Second, on the service line they are seeing dramatic improvement, so they expect to be growth margin break even on service by EOY 2022.
• Profitability expected by 2024 as Paul said on the CC yesterday and 17% OI BY 2025.
• PLUG has over 60,000 fuel cells out there and over 185 fueling stations they have built for customers like Amazon and Wal Mart. It’s only the beginning and the adoption rate is happening quicker than folks might think.
• Over 1.5 GW in green hydrogen electrolyzers have been booked in the last 7 months vs. 50-100 MW during all of 2021.
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