Plug Power sells federal ITC tied to St. Gabriel hydrogen facility for about $39.2 million

Plug Power Inc.

Plug Power Inc.

PLUG

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  • Plug Power closed the sale of a federal investment tax credit tied to its St. Gabriel, Louisiana hydrogen liquefaction facility for about USD 39.2 million.
  • Proceeds support liquidity and capital allocation as Plug scales its U.S. hydrogen generation network.
  • St. Gabriel, commissioned in April 2025, can liquefy 15 tons of hydrogen per day.
  • Transaction follows a January 2025 transfer of a USD 30 million ITC linked to the Woodbine, Georgia facility.


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