Plug Power forecasts $3 billion in annual sales by 2025

Plug Power expects revenue will grow by 65% next year to somewhere between $825 million and $850 million.

Growing demand for fuel cells, electrolyzers and hydrogen produced through renewable electricity have prompted the Latham manufacturer to increase sales forecasts as it introduces more applications and expands its presence around the world.

Two years ago, Plug executives projected sales would surpass $1 billion by 2024. After negotiating joint ventures with SK Group in South Korea and Renault…


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