I'M FLUMMOXED THIS MORNING-WILL WE MAKE A NEW ALL TIME HIGH TODAY-OR NOT ? :-) JMI
Here's why hydrogen is better than battery, either Li or Lead Acid. Batteries take time to charge, the larger the capacity, the longer the time. They have a life cycle, even the best batteries all lose maximum capacity starting with the first discharge cycle. Lead is toxic, it's better left in the ground undisturbed, where it at least won't be disturbed and introduced into other eco systems. Li has to be mined, mining and processing is a destructive process, and Li is finite. What happens to Li prices when Li gets rarer and rarer? We have peak oil, and we'll have peak Li sooner or later.
Hydrogen, on the other hand, has the utility of gasoline in that there's no charging time since it's fuel. No need to plug anything in, no forgetting and having to call a taxi in the morning. The Gendrives for forklifts take about 1 min to refill. There's no mining, there's no toxic minerals, there's no destructive process, there is no reduction in charge capacity over time, we have an inexhaustible abundance, and the only waste is heat and water. Imagine that in every car, bus, truck, and train. And what's more is that Plug already has the most successful working model of technology and distribution.
Think about Walmart's decision making process to approve the expansion deal. They had to measure and come to the conclusion that hydrogen gives them less down time, more productivity, more energy efficiency and so more cost efficiency, and of course it's the greenest technology. Having fuel as energy instead of battery capacity is a fundamental shift in advancement in materials handling.
Plug's products work, they're tried and true and work well, they're saving their clients money, and they're expanding. Growth, growth, growth. The future for energy in materials handling and transportation is hydrogen, not batteries. Batteries will of course still power phones and the like. But for a system of mass distribution, nothing competes with hydrogen. Mass distribution is the real model here.
NY Green Bank increases loan facility to 45 million.PLUG POWER AND NY GREEN BANK AMEND DEBT FACILITY 07/26/17 Download this Press Release PDF Format (opens in new window) AMENDMENT INCREASES TOTAL COMMITMENT BY $20 MILLION TO SUPPORT THE FUNDING OF HYDROGEN AND FUEL CELL SYSTEM DEPLOYMENTS AND HIGH-TECH GREEN JOBS IN NEW YORK STATE
LATHAM, N.Y., July 26, 2017 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leader providing energy solutions that change the way the world moves, announced today that it has amended its loan facility with NY Green Bank to increase the size of the total commitment from $25 million to $45 million. The maturity of the facility will remain at December 2019. As with the existing facility, the up-sized facility will be repaid primarily as the Company’s various restricted cash reserves are released over the term of the facility. Plug Power, whose customers include major global retailers such as Amazon, Walmart, and Carrefour, will use the additional liquidity to deliver on its 2017 pipeline, accelerate innovation among both existing and future applications, and support continued product collaboration with key customers. “Our amended credit facility provides Plug Power with access to additional strategic capital, improves the flexibility of our balance sheet, and ultimately reinforces our position to execute on our long-term growth strategy,” said Andy Marsh, CEO of Plug Power. “We appreciate the commitment of NY Green Bank, who acknowledges the tremendous growth opportunity that lies ahead for Plug Power and recognizes that our operating strategy sets us on a path to long-term profitability. We value their partnership and look forward to achieving our combined objective of growing high-tech green jobs in the State of New York, strengthening the manufacturing base in the state, and deploying greenhouse gas reduction projects within the state.” NY Green Bank is a state-sponsored specialized financial entity working with the private sector to increase investments into New York's clean energy markets, creating a more efficient, reliable, and sustainable energy system. In adopting a targeted approach to clean energy financing markets, NY Green Bank represents an innovative business model at the forefront of the green-financing trend driving institutions nationally and internationally. Plug Power worked with NY Green Bank on a financing structure that will promote innovation and growth, while enabling expansion of high-tech green jobs and proven clean energy technologies in New York State. Plug Power closed on its original $25 million loan with NY Green Bank in December 2016. Since then, Plug Power has completed multiple greenhouse gas reduction projects, including an agreement with Amazon to supply hydrogen fuel cell systems for its material handling fleet at several distribution centers across the United States. This contract is expected to result in approximately $70 million in 2017 revenue. Additionally, Plug Power recently completed its first shipment of ProGen engines for FedEx’s electric delivery van fleet. “NY Green Bank is pleased to be able to continue to support Plug Power’s growing pipeline of clean energy project opportunities and commitment to creating clean energy jobs in the State of New York,” said Alfred Griffin, President of NY Green Bank. “Since the initial financing, Plug Power has continued to scale its project portfolio, which will drive greater efficiency in warehouses and distribution centers, and reduce greenhouse gas emissions.” Plug Power's center of excellence in Latham, New York includes research and development, manufacturing, sales, and state-of-the-art service facilities. Leading the hydrogen fuel cell revolution, the company currently powers more than 15,500 industrial electric vehicles with fuel cell units globally, and has built 48 hydrogen fueling stations. Plug Power's customers have performed more than seven million refuelings of industrial electric vehicles using Plug Power's hydrogen fueling solutions. About Plug Power Inc. The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. The Company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, Plug Power replaces lead acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers. Extending its reach into the on-road electric vehicle market, Plug Power’s ProGen platform of modular fuel cell engines empowers OEMs and system integrators to rapidly adopt hydrogen fuel cell technology. ProGen engines are proven today, with thousands in service, supporting some of the most rugged operations in the world. Plug Power is the partner that customers trust to take their businesses into the future. Learn more at www.plugpower.com.
Walmart, Amazon and now FedEx. Who is next?
Good or bad on news?
Plug Power recently completed its first shipment of ProGen engines for FedEx’s electric delivery van fleet.
Let's look at petroleum.
Gas prices today are kept artificially low because of the geopolitical contest between western democracies and the likes of Russia, Venezuela, and Iran. Petroleum is their Achilles heel, and the western alliance is using it to its fullest and is going to keep using it just like they did against the USSR. But this artificial glut in petroleum prices can't last forever.
Gas will be higher no matter how this political contest pans out, because China continues to build its hungry middle class, and India will not be too long behind. The developing world's growing demand for energy will press these low prices like a fault line building pressure. Once this political contest reaches some level of resolution, you can be sure the spigot will be set to level 99 cha-ching for the producers. Eventually the lack of affordable gas will become a significant burden to GDP growth. Every modern govt in the world understands this. To ignore it is to invite a greater depression than the Great Depression.
Today's news of UK, France, Sweden, etc calling for the end of petroleum transportation signals a major shift and yet another strong move towards sustainable energy. What does this do to energy solutions then? Remember the growth of electric cars depended heavily on hybrids, and it became mainstream with early adopting celebrities, and an advertising campaign that created the model of the environmental-yoga-loving-tree-hugging-new-age-hipster. That industry spent a lot of money, and not all of it successful. But most importantly, they laid the foundation for a market of green energy vehicles, from FlexFuel to hybrid to EV. Look at the gas stations that already carry gasoline, diesel, and Flex. Or the companies like Google that have EV chargers in their parking lots. People the world over now accept that there are greener solutions, it's firmly in the popular consciousness. Hydrogen in this regard has a significantly better start in development compared to EV's start simply because the market already exists.
Ironically, the people who should be most interested in hydrogen are the petroleum cartels because they will have to hedge their declining business model, or else face the fate of coal.
What does a world look like where all the Chinese, Indians, and developing countries have 1, 2, or 3 cars per household the way we have in the west? It would be orders of magnitude more carbon emission, and anyway it would be cost prohibitive for those developing nations when gas gets too pricey. So there will be a huge growing energy demand no matter what, and petroleum faces the impossible problem of dwindling supply, yet growing demand. And ultimately Li faces the same problem. Read this article on peak lithium:
So is the automotive industry blind to this? Of course not. We’ve seen it yet again with the announcements of more hydrogen cars. The automotive industry knows too well.
Yes getting a new technology to take hold is one thing, but like I said the foundations for green vehicles is already laid. And besides that, whenever there is a critical need like there is in energy, a total model shift is not an obstacle, in fact it would be impossible not to change the model. Look at what refrigeration did in the early 20th century. Or even what the automobile did to transportation. Or what nuclear did to energy. Yes, we’re facing just such a total shift in model.
Hydrogen is the future. We have an endless supply, we have the technology, we know how to distribute, the market for green exists, and it doesn’t get any greener than hydrogen. It’ll start the same way hybrid EV’s started, and there will be early celebrity adopters, there will be a marketing campaign, etc, and it’ll be like hydrogen had always been around. When it’s adopted, it will be adopted quickly. I was saying the other day that the Channel Tunnel was finished in just 6 years, something that connected the UK to France after 100's of years of conflict finally happened in less than 1 decade. Look how fast the internet took hold! Most of the people in this world were alive when AOL didn’t yet exist. And today we have the most valuable companies based on the internet, Google to Facebook, to all the internet using companies like Apple and telecoms.
Think big. Plug is the seed of a giant redwood tree, it’s just sprouting now, but this is an exponential curve. Recognize what the game is. The game is mass distribution. When you look at the calculus of what energy options humanity actually has, the only reasonable conclusion you can come to is hydrogen. When it happens, it’s going to happen fast. Gas is cheap now, but don’t be deceived. You know full well the market changes in the blink of an eye. You can work out whatever cost/energy is now, it’ll all be worthless calculations when petroleum rebounds, and it’ll be worthless again when hydrogen reaps the benefits of economies of mass scale. We’re talking about a paradigm shift. Think big!
Everyone in hydrogen today, you are sitting on the next AAPL.
Hello All, Just wanted to say I appreciate the real news for PLUG. postings by Skibare, JMI, Tien, P, Remington, Shiao. These have news, links, facts, numbers, etc. I would like to see real news by any shorts on why shorting? I am definitley long on this stock and there are so many reasons why. AMAZON, WALMART, FEDEX, CHINA, BMW, Freezpak, Carrefour, a lot of applications. Short theory is always the same thing bad management, there is going to be another company making them cheaper. But the facts are these short theories have been the same for years and all i SEE is more and more blue chip companies signing up with PLUG getting OPTIONS. I mean are these shorts smarter than all these Fortune 100 companies how about smarter than the Fortune 1 company? It is a matter of time when this goes positive cash flow not if...
Short interest in PLUG up another 491K to 39.1m shares as of 7/14. Keep digging shorty!
Let's look at this another way too. When hydrogen takes over mass transportation, Plug wins any way you cut it. Because their PEM system works, they've proven it as a successful model, not just some quack theory. But let's say someone else comes up with a better power system, but they still need hydrogen and a fuel distribution model, right? Well, Plug does that too, and does it well.
This will be a case of the rising tide lifting all boats. Any way you look at it, once more and more countries look to hydrogen, the problem wont be technology, it'll be getting enough hydrogen and enough distribution. Every hydrogen maker and distributor will be working over time to meet the sudden explosive demand. Even if they expand, they still won't be able to keep up with demand on such a large scale when hydrogen becomes the international model for transportation energy.
Growth, consolidation, standardization, and Plug will be at the center of all of it. Any way you look at it, Plug will face explosive growth. That's why the Amazon and Walmart deals are so important. When the time comes for Plug to expand rapidly, and I'm talking about in multiples not fractions, they'll already have the financial structure to fund expansion. They don't need loans or secondaries. They already have all the money they need with these two backers.
Stating the obvious: ubiquitous H2 fueling infrastructure, including green H2 generation, is key to expanding fuel cell applications and is still just beginning to be put in place. Plug's TRU offering is just one example of a product customers are clamoring for but is not practical because H2 fueling infrastructure is not there to support it. I take issue with the opinion that Plug is not an investment but only a trade. IMO it is both: H2 will fuel prominent and important applications in the next 10 years, which makes it an investment, but optimistic visionaries overreact when significant news breaks, which makes it a trade. You have to be quick to cash in on the spikes, and I think it is foolish to sell your core. I have been in Plug since 40 cents. Learning how to trade this stock is always an interesting challenge for me. I have booked good money along the way and expect to continue to in the future.
additional liquidity to deliver on its 2017 pipeline, accelerate innovation among both existing and future applications, and support continued product collaboration with key customers.“Our amended credit facility provides Plug Power with access to additional strategic capital, improves the flexibility of our balance sheet, and ultimately reinforces our position to execute on our long-term growth strategy
Late following this, but is WalMart looking to do a distribution deal with its filling stations at all stores where they have gasoline pumps and add hydrogen filling as an option for hydro powered cars? Not sure why they are encroaching on Amazon. They can each easily buy this company just for the tech.
Rodman & Renshaw. PT 4$
Oh My-Stocks make All Time Highs-I'm soooo impressed-keep PUMPIN PLUGGERS ! :-) JMI
It's already happening in France, Norway, India, Sweden. Imagine the might of USA capitalism getting behind hydrogen. We'll see hydrogen in mass transportation much sooner than you think.