Plug Power Inc. (PLUG)

10.84 -0.33 (-2.95%) At close: 04:00PM EDT

Plug Power Inc.

968 Albany Shaker Road
Latham, NY 12110
United States
518 782 7700
https://www.plugpower.com

Sector(s): Industrials
Industry: Electrical Equipment & Parts
Full-time employees: 2,249

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Andrew J. Marsh	Pres, CEO & Director	1.45M	36.08M	1956
Mr. Paul B. Middleton CPA	Exec. VP & CFO	772.5k	N/A	1967
Mr. Gerard L. Conway Jr.	Exec. VP, Gen. Counsel & Corp. Sec.	743.21k	6.31M	1965
Mr. Sanjay K. Shrestha	Exec. VP, GM of Energy Solutions & Chief Strategy Officer	761.54k	N/A	1974
Mr. Dirk Ole Hoefelmann	Exec. VP & GM of Electrolyzers	835.92k	N/A	1968
Mr. Martin D. Hull	Chief Accounting Officer & Corp. Controller	N/A	N/A	1968
Mr. Tim Cortes	Chief Technology Officer	N/A	N/A	N/A
Dr. Preeti Pande Ph.D.	Chief Marketing Officer	N/A	N/A	N/A
Ms. Tammy Kimble	VP of HR	N/A	N/A	N/A
Mr. Keith C. Schmid	GM of New Markets & Pres of New Product Devel.	N/A	N/A	1963

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.

Corporate governance

Plug Power Inc.’s ISS governance QualityScore as of 1 February 2023 is 9. The pillar scores are Audit: 10; Board: 2; Shareholder rights: 8; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.