Connection

popular articles

NANO Nuclear raises $18 million to develop micro-reactors
Norway could break its natural gas export record in 2024
BP Announces Closure of Its Kwinana Refinery in Australia and Shifts Focus Toward Clean Energy
Saudi Arabia: partnership to launch onshore wind projects
Tanzania: $12.9 Billion to Strengthen Its Power Grid by 2030

Plug Power corrects its forecast for 2022

Plug Power updates its forecast for the year 2022, including its initial revenue forecast.

Please share:

Plug Power updates its forecast for the year 2022, including its initial revenue forecast.

Forecasts revised downwards

Plug Power estimates that its full-year 2022 revenue forecast could be 5 to 10 percent lower for the year. The timing and supply chain would impact revenues initially estimated at $900 to $925 million. In addition, there will be delays in project completion schedules until 2023.

As a result, Plug Power decided to play the transparency card. The company will communicate in more detail on its short and medium term orientations during the Plug Symposium. The event will take place from its Gigafactory in Rochester, New York.

A technology of the future

Plug Power is building a renewable hydrogen ecosystem, from production, storage to delivery. The company is helping to create the first commercially viable market for hydrogen fuel cell technology. The company plans to produce electrolyzers and fuel cells and several renewable hydrogen production plants.

The company deploys more than 50,000 fuel cell systems and over 165 fueling stations. It hopes to initiate a renewable hydrogen highway across North America and Europe. The company assures that the demand for fuel cells and electrolyzers remains stable.

Register free of charge for uninterrupted access.

Publicite

Latest news

TerraForm Power settles $34.5mn lawsuit with former executive after nine-year litigation
The European Union must invest €1.871 trillion to modernise its power grids by 2050
Innergex secures two 32 MW solar projects in Yonne through CRE approval
Boralex commissions its first 106 MW wind farm in Scotland
MPs and energy experts call for suspension of France’s PPE3 energy roadmap

Recently published in

TerraForm Power settles $34.5mn lawsuit with former executive after nine-year litigation

TerraForm Power reached a $34.5mn court settlement with its former chairman Carlos Domenech, nine years after his dismissal, ending a case tied to SunEdison's financial management.
Sinopec reports USD 6.74 bn net profit and 75% payout ratio
Chinese group Sinopec reported annual revenue of CNY 3,070 bn and net profit of CNY 48.94 bn, achieving record performance across its oil, gas and chemical segments.
en_1140290945540
Sinopec reports USD 6.74 bn net profit and 75% payout ratio
Chinese group Sinopec reported annual revenue of CNY 3,070 bn and net profit of CNY 48.94 bn, achieving record performance across its oil, gas and chemical segments.
en_1140290945540
United States revokes Maurel & Prom’s oil licence in Venezuela
Maurel & Prom confirmed that US authorities cancelled its operating licence in Venezuela, while allowing it to finalise operations until 27 May.
en_1140290943540-25
United States revokes Maurel & Prom’s oil licence in Venezuela
Maurel & Prom confirmed that US authorities cancelled its operating licence in Venezuela, while allowing it to finalise operations until 27 May.
en_1140290943540-25
Eesti Energia launches €200mn takeover bid to regain control of Enefit Green
Estonian state-owned energy group Eesti Energia plans to acquire all shares in its subsidiary Enefit Green in a voluntary takeover bid worth over €200mn, set to begin on April 8.
en_1140290956540-21
Eesti Energia launches €200mn takeover bid to regain control of Enefit Green
Estonian state-owned energy group Eesti Energia plans to acquire all shares in its subsidiary Enefit Green in a voluntary takeover bid worth over €200mn, set to begin on April 8.
en_1140290956540-21

The European Union integrates Orano’s battery recycling project into its industrial strategy

Orano's French hydrometallurgy project has been designated as strategic by the European Commission under the Critical Raw Materials Act, aimed at securing the supply of critical raw materials.
TotalEnergies cuts emissions by 2.9% in 2024 and stays on course
TotalEnergies reported a 2.9% drop in emissions for 2024, reaffirming its climate strategy ahead of a key general meeting.
en_1140290958540-20
TotalEnergies cuts emissions by 2.9% in 2024 and stays on course
TotalEnergies reported a 2.9% drop in emissions for 2024, reaffirming its climate strategy ahead of a key general meeting.
en_1140290958540-20
Shell selects McDermott for three-year global framework agreement in engineering
Shell Global Solutions International B.V. has awarded McDermott a three-year framework agreement for engineering, procurement and project management services across several strategic markets.
en_1140290956540-19
Shell selects McDermott for three-year global framework agreement in engineering
Shell Global Solutions International B.V. has awarded McDermott a three-year framework agreement for engineering, procurement and project management services across several strategic markets.
en_1140290956540-19
Earth AI identifies six strategic tungsten and cobalt deposits in Australia using AI
Australian company Earth AI confirms six new mineral prospects, including cobalt and tungsten, discovered through its predictive exploration software based on artificial intelligence.
en_1140290962540-8
Earth AI identifies six strategic tungsten and cobalt deposits in Australia using AI
Australian company Earth AI confirms six new mineral prospects, including cobalt and tungsten, discovered through its predictive exploration software based on artificial intelligence.
en_1140290962540-8

Nexans strengthens copper recycling in northern France amid supply tensions

Nexans is expanding its industrial capacity near Noyelles-Godault to recycle more copper, as global demand outpaces primary mining production.
Naturgy launches voluntary tender offer for 10% of its capital at €26.5 per share
Naturgy secures shareholder approval to buy back 10% of its shares to increase free float and boost market visibility.
en_1140290943540-21
Naturgy launches voluntary tender offer for 10% of its capital at €26.5 per share
Naturgy secures shareholder approval to buy back 10% of its shares to increase free float and boost market visibility.
en_1140290943540-21
Ardian takes control of Akuo to accelerate its strategy in renewable energy
Investment firm Ardian has completed the acquisition of renewable energy producer Akuo, active in photovoltaics, wind and storage, with stated ambitions for international expansion and increased capacity.
en_1140290945540-19
Ardian takes control of Akuo to accelerate its strategy in renewable energy
Investment firm Ardian has completed the acquisition of renewable energy producer Akuo, active in photovoltaics, wind and storage, with stated ambitions for international expansion and increased capacity.
en_1140290945540-19
Shell expands cost-cutting plan to reach up to USD 7 bn by 2028
Shell aims to increase its cost reductions to USD 7 billion by 2028, leveraging artificial intelligence and targeted restructurings in its chemical divisions.
en_1140290958540-18
Shell expands cost-cutting plan to reach up to USD 7 bn by 2028
Shell aims to increase its cost reductions to USD 7 billion by 2028, leveraging artificial intelligence and targeted restructurings in its chemical divisions.
en_1140290958540-18

Global energy demand surged by 2.2% in 2024, driven by electricity

Global energy consumption growth doubled in 2024 compared to its ten-year average, fuelled by rising electricity use in advanced and emerging economies, according to a report by the International Energy Agency.
Crowley and Naturgy launch LNG supply between the United States and Puerto Rico
Crowley, in partnership with Naturgy, has launched LNG transport to Puerto Rico, bypassing restrictions imposed by the Jones Act to meet the island's energy demand.
en_1140290954540-14
Crowley and Naturgy launch LNG supply between the United States and Puerto Rico
Crowley, in partnership with Naturgy, has launched LNG transport to Puerto Rico, bypassing restrictions imposed by the Jones Act to meet the island's energy demand.
en_1140290954540-14
Abastible signs a long-term renewable energy purchase agreement with Zelestra in Chile
Abastible, a Chilean company specializing in liquefied gas and electricity, has signed a power purchase agreement with Zelestra. This hybrid project combines 220 MWdc of solar energy and 1 GWh of battery storage to support night-time energy supply.
en_1140290950540-14
Abastible signs a long-term renewable energy purchase agreement with Zelestra in Chile
Abastible, a Chilean company specializing in liquefied gas and electricity, has signed a power purchase agreement with Zelestra. This hybrid project combines 220 MWdc of solar energy and 1 GWh of battery storage to support night-time energy supply.
en_1140290950540-14
Brookfield finalises the acquisition of Neoen and becomes the majority shareholder
Brookfield has completed the acquisition of 97.73% of Neoen, a French renewable energy producer, and has initiated the process to withdraw the company from the Paris Stock Exchange.
en_1140290943540-16
Brookfield finalises the acquisition of Neoen and becomes the majority shareholder
Brookfield has completed the acquisition of 97.73% of Neoen, a French renewable energy producer, and has initiated the process to withdraw the company from the Paris Stock Exchange.
en_1140290943540-16

Octopus Energy invests in four new renewable energy projects in France

Octopus Energy Generation announces four new investments in renewable energy in France, bringing the total capacity of its assets in the country to over 500 MW, with a target of one billion euros invested by 2025.
Nexans sells its industrial division Lynxeo to Latour Capital for 525 million euros
Nexans has announced that it has entered into exclusive negotiations with the investment fund Latour Capital for the sale of Lynxeo, its industrial cable division, for an amount of 525 million euros. This transaction is part of the group’s strategy to focus on electrification.
en_1140290949540-12
Nexans sells its industrial division Lynxeo to Latour Capital for 525 million euros
Nexans has announced that it has entered into exclusive negotiations with the investment fund Latour Capital for the sale of Lynxeo, its industrial cable division, for an amount of 525 million euros. This transaction is part of the group’s strategy to focus on electrification.
en_1140290949540-12
France: Carester launches rare earth recycling plant in Lacq with €216 mn funding
Lyon-based company Carester has begun construction of a rare earth recycling and refining plant in Lacq, Pyrénées-Atlantiques, after securing €216 million in funding from the French government and Japanese partners. The site, named Caremag, is set to begin operations by the end of 2026.
en_1140290948540-12
France: Carester launches rare earth recycling plant in Lacq with €216 mn funding
Lyon-based company Carester has begun construction of a rare earth recycling and refining plant in Lacq, Pyrénées-Atlantiques, after securing €216 million in funding from the French government and Japanese partners. The site, named Caremag, is set to begin operations by the end of 2026.
en_1140290948540-12
France: uncertainties and challenges in industrial transformation at Fos-sur-Mer
In Fos-sur-Mer, the transformation of the industrial-port zone into a low-carbon industrial hub raises both ambitions and questions. Despite announced investments, challenges related to infrastructure, energy, and timelines remain significant.
en_1140290947540-12
France: uncertainties and challenges in industrial transformation at Fos-sur-Mer
In Fos-sur-Mer, the transformation of the industrial-port zone into a low-carbon industrial hub raises both ambitions and questions. Despite announced investments, challenges related to infrastructure, energy, and timelines remain significant.
en_1140290947540-12

TotalEnergies vs NGOs: Frequent Accusations, Rarely Convicted

TotalEnergies faces multiple lawsuits initiated by international NGOs over environmental and social issues related to its global projects. While several cases remain ongoing, the majority have been dismissed or dropped by the courts, questioning their legitimacy.
Enel doubles its net profit to €7 billion in 2024 despite falling energy prices
Enel doubled its net profit to €7 billion in 2024, despite the decline in electricity and gas prices. The company also reduced its net debt through asset disposals and implemented a strategy focused on profitability.
en_1140290943540-11
Enel doubles its net profit to €7 billion in 2024 despite falling energy prices
Enel doubled its net profit to €7 billion in 2024, despite the decline in electricity and gas prices. The company also reduced its net debt through asset disposals and implemented a strategy focused on profitability.
en_1140290943540-11
US data centre capacity exceeds 92 GW by the end of 2024, according to Wood Mackenzie
US data centre capacity surpassed 92 GW by the end of 2024, with a significant rise in investments and larger projects, driven by the increasing demand for artificial intelligence (AI).
en_1140290958540-10
US data centre capacity exceeds 92 GW by the end of 2024, according to Wood Mackenzie
US data centre capacity surpassed 92 GW by the end of 2024, with a significant rise in investments and larger projects, driven by the increasing demand for artificial intelligence (AI).
en_1140290958540-10
Viridien raises $925 million to refinance its debt
Viridien S.A. has completed a $925 million senior secured bond issuance to refinance its second-lien debt and strengthen its liquidity profile. Rating agencies have upgraded their assessments following this transaction.
en_1140290952540-9
Viridien raises $925 million to refinance its debt
Viridien S.A. has completed a $925 million senior secured bond issuance to refinance its second-lien debt and strengthen its liquidity profile. Rating agencies have upgraded their assessments following this transaction.
en_1140290952540-9

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS