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Plug Power Notes

On Thursday May 29, I attended a panel about fuel cells at the Cowen Conference. Andy Marsh, Plug Power CEO, presented.  The other panelists represented Ballard, Fuel Cell Energy, and Hydrogenics.

Here are the main key points I noted from Andy's comments:

  1. Total Global Market for PLUG is $30 billion annually.
  2. The addressable market (now) is $10 billion annually.
  3. PLUG expects revenues of $500 million in 2018.
  4. It is working on accelerating the full ownership date of Hypulsion.
  5. From what I could gather it appears the company is working with Honda in Europe. Honda could be a new forklift customer.
  6. All of the panelists were extremely bullish on the overall Hydrogen market because it is such a small segment of the energy market currently with so many potential applications.

 Written by Michael Bigger.

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