Market Chatter: Plug Power to Offer Hydrogen Power at Potential US Power Grid Auction

MT Newswires Live03-10

Plug Power (PLUG) is looking to offer hydrogen electricity of as much as 250 megawatts in a special auction by PJM Interconnection that President Donald Trump wants it to hold later in the year, Bloomberg reported Monday, citing an interview with company chairman Andy Marsh.

The company, which is already in discussions with hyperscalers, data center firms, and utilities, is targeting contracts that last at least seven years, according to the report.

"We're courting data center operators and utilities that really come up with the right mix," Bloomberg quoted March as saying.

Plug Power did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 2.16, Change: +0.03, Percent Change: +1.41

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