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Plug Power Inc. (PLUG) Secures $1.66B DOE Loan for Green Hydrogen Plants – Corrected

An earlier version of the article mistakenly stated that Plug Power secured a $1.66 billion conditional loan guarantee from the U.S. Department of Energy in July instead in January. We apologize for the error.

Plug Power Inc. (NASDAQ:PLUG) is a key player in the clean energy space, developing hydrogen fuel cells and electrolyzer systems to support the decarbonization of transport, logistics, and industrial sectors. The company offers a range of technologies, including fuel cell systems for vehicles, stationary fuel cells, and integrated hydrogen production and dispensing solutions.

In January 2025, Plug Power Inc. (NASDAQ:PLUG) secured a $1.66 billion conditional loan guarantee from the U.S. Department of Energy to build up to six green hydrogen plants, beginning in Texas. This major government backing reduces financial risk and fast-tracks infrastructure development. At the same time, the business extended a strategic hydrogen supply agreement through 2030 with a major U.S. industrial gas partner. This deal ensures steady hydrogen availability, lowers immediate costs, and supports the company’s growing network of over 275 hydrogen-consuming sites.

Recent U.S. Treasury guidance on hydrogen tax credits has further boosted the company’s position by allowing greater flexibility in power sourcing and widening credit eligibility. CEO Andy Marsh described this as a landmark win for both the company and the broader hydrogen industry, enhancing project feasibility and investor confidence.

A wide-angle view of a team of workers wearing PPE in a large hydrogen plant.

Looking ahead, Plug Power Inc. (NASDAQ:PLUG) aims to produce 500 tons of green hydrogen per day in North America by 2025 and 1,000 tons globally by 2028. These targets support the company’s sustainability goals, including reducing CO₂ emissions from hard-to-electrify sectors. With proprietary technologies, strong government and industrial partnerships, and policy tailwinds, the firm is poised to lead the U.S. transition to green hydrogen at scale.

While we acknowledge the risk and potential of PLUG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLUG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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