Plug Power Applauds President Obama For His Support Of Alternative Energy Solutions For The U.S.
The Company's 50,000 sq. ft. manufacturing facility is capable of building 10,000 GenDrive units each year. In part due to positive tax credit and other incentives in place, Plug Power witnessed its customer base significantly accelerate in 2010 with the addition of customers like Sysco Houston, United Natural Foods, Inc. and BMW.
Plug Power's fuel cell units are comprised of parts from over 100 suppliers throughout the United States. As customers continue to purchase GenDrive fuel cell units from Plug Power, the component suppliers see an increase in business as well. Every 1,000 GenDrive units Plug Power builds dispenses millions of dollars in orders to vendors in the company's supply chain, who employ over 62 thousand people in the U.S.
Congressman Paul D. Tonko commented, "I commend the President for his bold vision on transforming our energy future – the evidence is clear: American leadership in clean energy technologies will create good jobs here at home, reduce our dependence on fossil fuels, and preserve our environment for generations to come. However, we are woefully behind other countries in these areas. I agree with the President, and have been advocating for years – this is the Sputnik moment of our time. Meeting this challenge and winning the global race on energy promises to transform our economy and lead to greater opportunities for future generations – in the same way the Space Race led to the advancements we enjoy today. Companies like Plug Power are meeting this challenge and helping customers transition to clean energy technologies with that added benefit – job creation."
Senator Charles Schumer commented, "Last night we heard the President focus on job creation and a plan to grow our economy for the future. It's companies like Plug Power that are going to lead this effort, harnessing the creativity and ingenuity of Upstate New Yorkers. Our state is home to some of the toughest, smartest, hardest working people in the country – we can compete with anyone. Hundreds of middle-class workers are already at work building the hydrogen fuel cells of tomorrow, and thanks to companies like Plug Power, our future is bright."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV