Plug Power Stock Charges Higher On $1.66B Department Of Energy Loan: The Details - Plug Power (NASDAQ:PLUG)
- Plug Power has secured a $1.66 billion loan guarantee from the U.S. Department of Energy to finance projects for producing zero- or low-carbon hydrogen at scale.
- The loan will support the construction of up to six hydrogen projects and is expected to create many high-quality jobs throughout the U.S.
- The U.S. Department of Energy also announced conditional loan commitments for eight utilities, totaling almost $23 billion, to support various energy projects.
- If finalized, these loans will enhance the U.S. Energy grid and potentially lower costs for consumers across multiple states.
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