Plug to Receive Federal Clean Hydrogen Production Tax Credit at Georgia Hydrogen Facility

June 28, 2024

https://www.globenewswire.com/news-release/2024/06/28/2905769/9619/en/Plug-to-Receive-Federal-Clean-Hydrogen-Production-Tax-Credit-at-Georgia-Hydrogen-Facility.html

LATHAM, N.Y., June 28, 2024 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, which began commercial operation of its electrolytic hydrogen facility in Woodbine, Ga. earlier this year, intends to recognize the benefits of the Inflation Reduction Act’s (IRA) Section 45V Credit for the Production of Clean Hydrogen (PTC) in its forthcoming quarterly financial reports. Plug will be one of the first producers of clean hydrogen in the United States that anticipates utilizing this new incentive enacted by an Act of Congress and signed by President Biden.

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