PLUG Plug Power Inc.

Plug-Powered Airliner Takes Off at Washington State Airport

Plug-Powered Airliner Takes Off at Washington State Airport

The Universal Hydrogen airliner is powered by Plug’s ProGen line of fuel cells adapted for aviation application

LATHAM, N.Y., March 02, 2023 (GLOBE NEWSWIRE) -- (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced the historic flight of a regional airliner powered by the company’s line of ProGen fuel cells.

Led by Universal Hydrogen, the hydrogen fuel cell-powered flying testbed took off at 8:30 a.m. for 15 minutes at Grant County International Airport in Washington state. Reaching an altitude of 3,500 feet MSL, the flight marked a significant milestone for both companies that partnered to make hydrogen-powered aviation a reality.

The 40-passenger airplane’s powertrain is built with Plug’s ProGen that have been adapted for aviation use. Plug's ProGen fuel cells support light, medium and heavy-duty electric vehicles in asset-intensive applications. They have proven to be ideal because they allow fleets to achieve greater range. Fuel cells are also free of carbon emissions, and weigh and cost less than batteries.

“Plug is proud to be a part of Universal Hydrogen’s significant day in aviation history,” Plug CEO Andy Marsh said. “We’ve long said hydrogen can power applications, such as planes, while reducing toxic carbon emissions. Today, we proved it, and we’re one step closer to a more sustainable future.”

The celebrated day stems from Plug’s long-time partnership with Universal Hydrogen that expanded in 2021 to begin the development of fuel cells made for regional aircraft. The partnership is one of many strategic investments Plug has made in recent years to grow the green hydrogen economy and expand its applications, including into aviation.

“Our business model resolves the chicken-and-egg problem between hydrogen airplanes and hydrogen infrastructure by developing both in parallel and with a uniquely low-cost approach,” said Paul Eremenko, Universal Hydrogen co-founder and CEO. “The airplanes are converted to hydrogen using an aftermarket retrofit conversion kit, tackling the existing fleet rather than developing a brand new airplane. And hydrogen fueling uses modular capsules compatible with existing freight networks and airport cargo handling equipment, making every airport in the world hydrogen-ready.”

Conducted under an FAA Special Airworthiness Certificate, the flight was the first in a two-year flight test campaign expected to culminate in 2025 with entry into passenger service of ATR 72 regional aircraft in a 56-passenger configuration converted to run on hydrogen.

About Plug

Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 50,000 fuel cell systems and over 165 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is building a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by 2025. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications. For more information, visit .

Safe Harbor Statement

This communication contains “forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. Plug’s plans to build and operate a green hydrogen highway across North America and Europe, with its state-of-the-art Gigafactory set to produce electrolyzers and fuel cells, and Plug’s planned multiple green hydrogen production plants that it expects to yield 500 tons of liquid green hydrogen daily by 2025. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission (the “SEC”), including the “Risk Factors'' section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2021 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.

MEDIA CONTACTS:

Plug

Caitlin Coffee

Allison+Partners

A photo accompanying this announcement is available at



EN
02/03/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Plug Power Inc.

 PRESS RELEASE

Plug Power Welcomes Jose Luis Crespo as Chief Executive Officer

Plug Power Welcomes Jose Luis Crespo as Chief Executive Officer Crespo’s commercial and operational expertise positions Plug for disciplined growth and execution SLINGERLANDS, N.Y., March 03, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, welcomes Jose Luis Crespo as Chief Executive Officer, marking the start of the Company’s next phase of disciplined growth and focused execution. Crespo assumed the role on March 2, 2026. Crespo brings more than 12 years of leadership experience at Plug, most recently serving as President a...

 PRESS RELEASE

Plug Power Reports Q4 and Full Year 2025 Results with Strong Sales Gro...

Plug Power Reports Q4 and Full Year 2025 Results with Strong Sales Growth and Margin Expansion Achieved Positive 4th Quarter 2025 Gross MarginSetting the Stage for 2026 Financial Targets SLINGERLANDS, N.Y., March 02, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc., a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced financial results and operational milestones for the 4th quarter and fiscal year ended December 31, 2025, and outlined strategic priorities for 2026 and beyond. 2025 Goals in Review Achieved Over $700 million in revenueAchieved posi...

 PRESS RELEASE

Plug Power Executes $132.5 Million Definitive Agreement with Stream Da...

Plug Power Executes $132.5 Million Definitive Agreement with Stream Data Centers as First Step in $275 Million Strategic Infrastructure Optimization Initiative First of three phases of targeted strategic infrastructure optimization initiative SLINGERLANDS, N.Y., Feb. 26, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced it has entered into definitive agreement with , a time-tested hyperscale data center developer and operator with over 25 years of experience delivering high performance compute. The agr...

 PRESS RELEASE

Plug To Announce 2025 Fourth Quarter and Year-End Results

Plug To Announce 2025 Fourth Quarter and Year-End Results SLINGERLANDS, N.Y., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, will announce its 2025 fourth quarter and year-end results on March 2, 2026. Join the call: Date: March 2, 2026Time: 4:30 PM ETToll-free: 877-407-9221 / Direct webcast:  The webcast can also be accessed directly from the Plug homepage (). A playback of the call will be available online for a period of time following the call. About Plug PowerPlug is building the glo...

 PRESS RELEASE

Plug Power Accelerates Reconvened Session of Special Meeting of Stockh...

Plug Power Accelerates Reconvened Session of Special Meeting of Stockholders to Thursday, February 12, 2026 Meeting Date Moved Earlier; Stockholders Encouraged to Vote and Participate Virtually SLINGERLANDS, N.Y., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced that it is accelerating the reconvened session of its Special Meeting of Stockholders. The reconvened Special Meeting was previously scheduled to be held on February 17, 2026, at 4:00 p.m. Eastern Time. The Company has ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch