Plug Power soars on planned collaboration with US data center developer, highlighting its “growing presence in the rapidly expanding” sector
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6 Articles
Plug Power to Generate Over $275 Million Through Monetization of Electricity Rights and Operational Efficiencies; Supports Major U.S. Data Center Build-Out
Plug Power to Generate Over $275 Million Through Monetization of Electricity Rights and Operational Efficiencies; Supports Major U.S. Data Center...
H2-View News: Plug Power to raise $275m through asset sales and cost cuts
This includes a new partnership with a major US data centre development, for which Plug plans to provide hydrogen fuel cell systems for power or back-up supply under a non-binding letter of intent. By selling certain electricity rights, releasing restricted cash, and reducing ongoing maintenance expenses, Plug could improve liquidity and generate greater flexibility. Electricity
Plug Power (PLUG) unveils $275M liquidity plan, pivots to data‑center backup power, pauses DOE loan efforts — stock pops ahead of Q3 results (Nov. 10, 2025)
Plug Power Inc. (NASDAQ: PLUG) said this morning it expects to unlock more than $275 million in near‑term liquidity by monetizing certain assets and cutting operating costs—and, notably, by pursuing a non‑binding LOI to monetize electricity rights in New York and another U.S. location while collaborating with a domestic data‑center developer on hydrogen fuel‑cell backup and auxiliary power. The company also paused its activities related to the U…
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