Plug Power Inc (PLUG) オプション

It sounded expensive to me too.

But, the price of Ruthenium is about $630 an ounce compared to about $900/oz for Platinum. They used one third the amount (Ru versus Pt) and got 4.4 times the performance. The article didn't mention the processing costs.

Wow . Sounds Really Expensive.

And yes you can put Hydrogen in cars, but why would you pay $30+ / gallon equivalent ?

Korean Scientists Develop World’s Most Efficient Hydrogen Catalyst Using 1/3 the Precious Metal

https://scitechdaily.com/korean-scientists-develop-worlds-most-efficient-hydrogen-catalyst-using-1-3-the-precious-metal/

The newly developed catalyst demonstrated 4.4 times higher performance than platinum catalysts with the same precious metal content, setting a new benchmark in hydrogen evolution reaction efficiency. Additionally, it recorded the highest performance ever reported among hydrogen evolution catalysts.

Remember Chernobyl we still use nuclear

And in that time the cost of fuel cells have dropped to where they can be put in a car. More companies are working on dropping the manufacturing costs of hydrogen.

Yeah, I remember the Hindenburg. I, also, remember the natural gas line that blew up in San Bruno, CA back in 2010. It didn't stop anyone from using natural gas. Refinery fires don't stop people from using gas/oil, nor do gas station fires. Battery fires are not stopping people from using BEVs.

Edit
There was a massive battery fire, recently, at the Moss Landing power plant in California.

It's dangerous handling just about any power source. It wasn't that long ago some cell phone and laptop batteries would combust while charging.

Hydrogen Buses Market to Grow at a CAGR of 47.3% During 2024-2032

https://www.einnews.com/pr_news/799037515/hydrogen-buses-market-to-grow-at-a-cagr-of-47-3-during-2024-2032

The global hydrogen buses market Size was valued at USD 1.07 billion in 2023. The market is projected to grow from USD 1.87 billion in 2024 to USD 41.34 billion by 2032, exhibiting a CAGR of 47.3% during the forecast period. Asia Pacific dominated the global market with a share of 84.11% in 2023.

Hydrogen is NOT a new technology ! Linde has been making hydrogen for more than 100 Years.

Fuel Cells for aimost as long.

The reason why Hydrogen is slow to develop now is the same reason why is has been slow to develop up to now.

Hydrogen is very expensive compared to alternatives and Hydrogen is very difficult and dangerous to handle.

Remember the Hindenburg.

IGTM - It's not worth it. Arguing with rick using logic is a fool's errand.

He said it himself. Not facts opinion.

We use facts and logic, while rick uses opinion, emotion and .... magic.

Hydrogen will be cheap. Stations will be built . Trucking companies will buy from bankrupt suppliers.

Magic .... the new investing strategy.

lol. A lot of your posts of "bad news" articles are opinion pieces. When I respond to someone asking me what I think, I respond with my opinion. When I respond with facts, I post a link.

Most of your argument against hydrogen is cost. But, every new technology that comes out, comes out with a high cost. R&D and manufacturing scale are drivers to lower cost. I don't see current high costs as a reason not to do something.

I don't have a problem with nuclear, but I wouldn't want to see fission reactors everywhere I went. If fusion reactors produce cheap energy, I'm all for all electric.

BEVs are expensive compared to ICE vehicles, but you don't have the same problem with costs. Why is hydrogen different?

Developing countries are building out their infrastructure. They are not locked into using fossil fuels. It's easier for them to try something different.

Research and development should be the drivers for lower costs. Toyota says they lowered the cost of the fuel cell in the Moral and it lasts longer. Maybe it is magic.

IGTM - It's not worth it. Arguing with rick using logic is a fool's errand.

He said it himself. Not facts opinion.

We use facts and logic, while rick uses opinion, emotion and .... magic.

Hydrogen will be cheap. Stations will be built . Trucking companies will buy from bankrupt suppliers.

Magic .... the new investing strategy.

"Who will build hydrogen dispensing stations? That is the question."

the answer is, no one...nor should they...imo, all that money should be put into nuclear...specifically, small modular reactors and nuclear fusion...every town/community pays for how ever many reactors they need or whatever size they need...we shouldnt even need a national grid...or a grid at all...everything would be electric...your heating, stoves, water heaters, ac, car charging, all electric...cheaply...

imo, no matter what is done now, no matter what people want now, in the end, nuclear will be what will power us into the future...

Yep. No electricity. No gas stations. No oil. No oil refineries. No batteries. No hydrogen.

Countries have been going with oil, because that is what was available. High people density areas have paid the price with air pollution. Pollution that has an adverse effect on people’s health.

China and India are still in the process of building out infrastructure. They are trying hydrogen along with fossil fuels.

Clean air is worth something that you may not be accounting for.

Truck charging stations are only cheap where there is grid capacity. Tesla has resorted to using batteries to supplement some of their charging stations. The batteries add significantly to the cost.

Hydrogen generation and storage technology is still advancing. What is expensive today may be reasonable in ten years.

Lithium ion battery technology has developed significantly in the last ten years with increased quality, capacity, longevity, at lower prices.

I believe hydrogen tech can make the same types of improvements.

I don’t remember there being any hybrid car manufacturers when Toyota came out with the Prius. Now, I think just about every ICE vehicle manufacturer has a hybrid.

There were not too many BEV manufacturers when Tesla came out with the Roadster. Now just about every car manufacturer is building BEVs.

Just because companies are not doing it now, doesn’t mean they won’t in the future.

Who will build hydrogen dispensing stations? That is the question.

Yep. No electricity. No gas stations. No oil. No oil refineries. No batteries. No hydrogen.

Countries have been going with oil, because that is what was available. High people density areas have paid the price with air pollution. Pollution that has an adverse effect on people’s health.

China and India are still in the process of building out infrastructure. They are trying hydrogen along with fossil fuels.

Clean air is worth something that you may not be accounting for.

Truck charging stations are only cheap where there is grid capacity. Tesla has resorted to using batteries to supplement some of their charging stations. The batteries add significantly to the cost.

Hydrogen generation and storage technology is still advancing. What is expensive today may be reasonable in ten years.

Lithium ion battery technology has developed significantly in the last ten years with increased quality, capacity, longevity, at lower prices.

I believe hydrogen tech can make the same types of improvements.

I don’t remember there being any hybrid car manufacturers when Toyota came out with the Prius. Now, I think just about every ICE vehicle manufacturer has a hybrid.

There were not too many BEV manufacturers when Tesla came out with the Roadster. Now just about every car manufacturer is building BEVs.

Just because companies are not doing it now, doesn’t mean they won’t in the future.

Who will build hydrogen dispensing stations? That is the question.

If it’s a problem then so be it…I don’t think anyone has a desperate need to sell bev in the ozarks if they don’t have the electricity…

“Putting in charges isn't cheap or quick if you need more electrical capacity and have to upgrade the transmission lines.”

You are trying too hard to look for problems with one percent of the population when 99 percent is good enough…

“not so easy in developing countries”

Not sure why we are talking about developing countries…they don’t have money to buy much of anything…

“Public charger availability and charging time is still a problem with BEVs.”

Anyone with a bev should have a home charger…and a second ice vehicle…

“A problem for trucks that need to maintain a delivery schedule.”

Short hauls are not a problem…long hauls won’t be either, soon enough…

“I do think advances in battery tech may reduce these problems. ”

Exactly…

“The price will probably come down”

Like, magically?…

“Gas is expensive in countries that import most of their oil”

Not really…

“China and India are going big on hydrogen.”

No they are not… they are trying them out like others have done and then walked away…

“The cost of human health isn’t taken into account in the price of gas/diesel.”

Nope…never had been…and won’t be if hydrogen isn’t cheap and easy…

rick - If Electrical capacity for battery chargers is a problem, won't it also be a problem for hydrogen.

It takes at least 2 units of electricity to make one unit of hydrogen, so won't that make the problem twice as bad ?

Truck charging stations cost $100-200,000 for multiple BEV trucks.

For Hydrogen the cost is $2+ million, because hydrogen dispensers need compression (10,000 PSI) and storage, in addition to the dispenser.

The reason Airbus, Mercedes, Renault, etc give for NOT moving forward with hydrogen is not just the prohibitive cost of the fuel, but the even more expensive cost of the infrastructure.

No major oil company is building new hydrogen stations.
No vehicle manufacturer is building new hydrogen stations.
No Hydrogen companies are building new hydrogen stations.
YOU aren't building any new hydrogen stations.

So who is rolling out hydrogen stations which are open to the public ?

If that is what he meant, I misunderstood.

I still don't understand what is nonsense. There are about 3 million semis that can become fuel cell vehicles. We are seeing testing going on now. Improvement s are being made and prices are coming down. Fuel cell manufacturers are presumably getting feedback from their customers and using it to make a better product.

Battery electric trucks don't have the infrastructure to cross the country. Tesla's semis have battery packs with about one megawatts hours with of capacity (enough to go up to 500miles, I think). There are not a lot of them (doesn't mean there isn't a market for them), they are still in a testing phase. Feels has started to upgrade their charging network for the trucks. Numbers don't matter, yet.

Where hydrogen is available, fueling is fast. That is the advantage of fuel cell trucks over pure battery ones.

Electrical capacity where you need chargers is the problem. It's still a problem in a lot of places in the US. Putting in charges isn't cheap or quick if you need more electrical capacity and have to upgrade the transmission lines.

EV stations are easy to put up in the US, not so easy in developing countries.

Public charger availability and charging time is still a problem with BEVs. A problem for trucks that need to maintain a delivery schedule.

I do think advances in battery tech may reduce these problems.

Hydrogen production tech is changing also. The price will probably come down. Expensive is relative. Gas is expensive in countries that import most of their oil.

China and India are going big on hydrogen. We’ll be able to see how that works out for them. Both of those countries are battling terrible air pollution problems. The cost of human health isn’t taken into account in the price of gas/diesel.

Everyone thought that PLUG was the next Tesla. Hydrogen was the magic bullet.

Cheap. Plentiful. Clean. Hydrogen checks all of the Boxes .... Except it DIDN't !

Next came the Pumpers and Hypesters who said, "Hydrogen is Easy". And it is just the opposite.

Plug, "the industry leader" can't even make competitive hydrogen .

Hydrogen is NOT CHEAP. It is NOT Plentiful as pure hydrogen. It is NOT CLEAN, in that 99% of hydrogen is sourced from fossil fuels.

It's over for FCEV's. Yes the technology works, but why is Toyota paying people to get them off their lots ?

the issue was fcev semi's...for transportation of goods...those were the numbers he was using...

you say there are 3 mil semi's and he said 2k of them were fcev...

" My opinion? It isn't nonsense because you don't agree with it."

hes not saying your opinion is nonsense because he doesnt agree with it...he said it nonsense because it makes no sense...nonsense...

"What do the numbers have to do with whether there is a market for fcev trucks or not?"

3 mil vs 2k...thats a pretty significant difference...and yes, numbers like that ABSOLUTELY matter....what they say, is that there really is no market for fcev semi's...especially given that bev semi's have improved and are continuing to improve, they likely have a better shot...

fcev semi's need to have something compelling to make them attractive...

It's OVER !

This is it. If you are long, you may never see $2.00 before Plug is gone for good.

Plug may fill an existing order, but no one is going to risk millions on new order with a Lame Duck.

If the BIG 4 Hydrogen incumbents are walking away from hydrogen, a struggling newbie like Plug is toast.

Georgia and now LA, are behind schedule and over budget, and is any Plug facility running at full capacity ?

All that is left to do is the paperwork and Plug is No More.

"I think that fcev will appeal to markets that don't have much gasoline infrastructure"

gasoline has been the standard for a century...who doesnt have the infrastructure for gas?...maybe some place in the middle of the sahara desert?...

"and little or no EV charging infrastructure."

what country has no electricity?...because they can throw up charging stations pretty easily and PDQ...

"That hydrogen is coming to the rest of the world where there is little to no infrastructure for EVs."

as of Dec 2023, there were 64 thousand public ev charging stations...they are just throwing them up all over the place...fast, easy and cheap in comparison to hydrogen stations...

"Countries (especially developing countries) can produce their own hydrogen. They won't have to import it like oil."

if they are so poor, they aint gonna want expensive hydrogen...they gonna stick with gas....

"And, if you are developing transportation infrastructure, it might as well be for clean vehicles."

bottom line is that poor countries are not going to spend the money needed for hydrogen...and wealthy countries wont either...you want clean vehiles?...thats going to be EV's...reasonable price for the car and reasonably cheap to charge and cheap and easy to create charging stations...

I can’t believe plug is at $1.20

I remember clearly that management sold their shares around $70 dollars a few years ago

What a shame

Ec

Research from Global Market Insights suggests that the global hydrogen industry was valued at $204.5 billion in 2024 and will grow to $603.3 billion in 2034. $PLUG

What nonsense? My opinion? It isn't nonsense because you don't agree with it.

There are 13.5 million trucks registered in the US. Of this figure, 2.97 million are tractor-trailers and 10.5 million are single-unit trucks (aka straight trucks).1
https://www.truckinfo.net/research/trucking-statistics#:~:text=There%20are%2013%20million%20trucks%20registered%20in,semi%2Dtruck%2C%20straight%20truck%2C%20or%20other%20hazmat%20truck.

Don't trust me, look up the info yourself. Make up your own mind. Don't believe opinions.

What do the numbers have to do with whether there is a market for fcev trucks or not?

Your response seems way out of line to what I posted.

rick - All of the trucks and busses in North America and Europe number less than 2,000 out of over 20 Million vehicles.

Don't post your nonsense when your "facts" amount to LESS THAN 1 %.

People might get the wrong impression that you actually know what you are talking about.

I think that fcev will appeal to markets that don't have much gasoline infrastructure and little or no EV charging infrastructure.

wait...so you DO believe that fcev will be successful?...

"I don't expect it will takeover the auto market, though."

well the article you posted was all about Hyundai introducing a new fcev suv...and you suggested Hyundai may know something that would make their vehicle successful...

but now, apparently, you never really believed any such thing?...

That hydrogen is coming to the rest of the world where there is little to no infrastructure for EVs.

Countries (especially developing countries) can produce their own hydrogen. They won't have to import it like oil. And, if you are developing transportation infrastructure, it might as well be for clean vehicles.

Hydrogen is and will be a transportation fuel, mostly to be used in trucking. I don't expect it will takeover the auto market, though.

"Maybe Hyundai knows something!"

heres what I know:

"As of late 2024 and early 2025, there are 54 public, retail hydrogen fueling stations in the United States, with the vast majority located in California, and one in Hawaii.
Here's a more detailed breakdown:
Total Public Stations: 54
Location: Primarily in California (53 retail stations) and one in Hawaii"

theres a few stations in San Francisco and the rest are in LA...and many are not working at any given time...and the fuel is expensive relative to gas...

what do you think Hyundai might know that will make any difference to this information?...

To EVERY Long who is losing your money with PLUG :

I TOLD YOU SO !

rick - Hydrogen Paperweight

Hydrogen is NOT a transportation fuel except for indoor forklifts and some rockets.

Guess why there are no hydrogen galf carts ?

Yes and yes. But, that isn't going to stop Hyundai from offering it. Maybe Hyundai knows something!

Edit
Hydrogen economy has arrived
https://www.thestandard.com.hk/section-news/section/5/271461/Hydrogen-economy-has-arrived

Industry Insight: Hydrogen Is Key To Clean Energy Future
https://engineersforum.com.ng/2025/04/03/industry-insight-hydrogen-is-key-to-clean-energy-future/

rick - Did you read the article ?

The Hyundai "Paperweight " !

No Stations. No Infrastructure.

Isn't that why TOYOTA is being sued ? For Selling Paperweights ?

Johnny - Great call.

We might catch a Dead Cat Bounce tomorrow, but the TREND is secure.

Without a Major Positive Catalyst, PLUG goes Below $1.00 AGAIN !

The New Hyundai Nexo Shows Hyundai Is Serious About Hydrogen

https://insideevs.com/news/755466/2026-hyundai-nexo-hydrogen-fuel-cell-official-specs/

AEO Chief: Arab States To Produce 8 Million Tons Of Hydrogen Annually By 2030

https://menafn.com/1109386310/AEO-Chief-Arab-States-To-Produce-8-Million-Tons-Of-Hydrogen-Annually-By-2030

The AEO representative at the said meeting presented an outlook on hydrogen industry in the Arab states that are increasingly showing interest in investment in this sector to meet growing demand in the major markets namely Asia and Europe.

Markets Future for tomorrow looks bad.
We’ll see.

Yahoo Finance: Is Plug Power Inc. (PLUG) The Best EV Stock to Buy Under $50? $PLUG
https://finance.yahoo.com/news/plug-power-inc-plug-best-165125704.html

It's a backup generator for a small town, that loses power whenever winds get too high. Since it's a tourist town, I doubt the costs are too high for them. It would cost more to keep the town/customers in the dark. PG&E doesn't care what it costs, their customers will pay for it.

It looks like Energy Vault has customers lined up to get their battery/fuel cell generators.

HYDROGEN IS EASY !

Hi, Boys and Girls, do you know what day it is ?

April Fools Day. !

It's also the day when our shiney, new hydrogen plant is supposed on line and running at full capacity.

Not on Schedule . Not on Budget . And NOT GREEN .

rick - The technology works .

The ECONOMICS Don't !

Yet another one-off NOTHING BURGER.

Energy Vault Achieves Successful Close of $28 million in Project Financing for the Calistoga Resiliency Center, the World’s First Ultra-Long Duration Hybrid Green Hydrogen Energy Storage Microgrid serving California’s PG&E

https://www.morningstar.com/news/business-wire/20250401457593/energy-vault-achieves-successful-close-of-28-million-in-project-financing-for-the-calistoga-resiliency-center-the-worlds-first-ultra-long-duration-hybrid-green-hydrogen-energy-storage-microgrid-serving-californias-pge

Energy Vault management showcases technology, project execution and integration capabilities alongside technology partners, Plug Power (Nasdaq: PLUG) and Chart Industries (Nasdaq: GLTS), during recent analyst and investor facility site tour

April 1 ; April Fool's Day.

A National Holiday for PLUG.