Plug Power Secures $1.66B Government Loan for Hydrogen Production

Dow Jones

01-17

By Katherine Hamilton

Plug Power closed a $1.66 billion loan guarantee from the Energy Department, the company said Thursday.

The hydrogen energy company expects to use the loan to construct six hydrogen production projects in the U.S. The first to benefit from the financing should be Plug's plant in Graham, Texas, where the company expects to add more jobs.

Plug has other hydrogen generation plants in Georgia, Louisiana and Tennessee.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 16, 2025 17:02 ET (22:02 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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