24/7 Market News Snapshot 01 October, 2025 – Plug Power Inc. (NASDAQ:PLUG)

October 1, 2025

DENVER, Colo., 01 October, 2025 (www.247marketnews.com) – (NASDAQ:PLUG) are discussed in this article.
Plug Power Inc. (NASDAQ:PLUG), a leader in innovative hydrogen solutions, recently experienced a significant upswing in its stock performance, opening at $2.43 and peaking at $2.805—a remarkable increase of over 20% on heightened investor interest. The company’s trading volume reached an impressive 120.07 million shares, highlighting investor enthusiasm and speculations about future bullish trends as technical indicators suggest potential for continued upward momentum.

In tandem with this market excitement, Plug Power announced a pivotal milestone with the delivery of its first 10-megawatt (MW) GenEco™ electrolyzer to Galp, a prominent integrated energy corporation. This delivery initiates a groundbreaking project at Galp’s Sines Refinery, which aims to establish the largest proton exchange membrane (PEM) hydrogen electrolyzer operation in Europe. Ultimately, the project intends to deploy a total of ten 10MW electrolyzer arrays, achieving a cumulative capacity of 100 MW by early 2026.

Once fully operational, this innovative installation is projected to generate up to 15,000 tons of renewable hydrogen annually, substituting 20% of the refinery’s current grey hydrogen supply. It is estimated that this transition will significantly decrease greenhouse gas emissions by around 110,000 tons annually, aligning with broader sustainability goals.

Plug Power CEO Andy Marsh hailed the partnership with Galp as a testament to the readiness of large-scale hydrogen solutions, asserting that this initiative exemplifies the potential for hydrogen technology in transforming the energy landscape. Galp’s substantial investment of €650 million in the green hydrogen project underscores its commitment to decarbonizing industrial processes, with a focus on meeting the substantial grey hydrogen demand prevalent in refineries and chemical production. Plug Power continues to position itself at the forefront of delivering advanced hydrogen systems to cater to the evolving needs of the global energy sector.

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