Plug Power’s Net Loss Up 60% YoY in Q3, as it Builds its Green Hydrogen Platform

The company’s revenue grew by 31% YoY to $188.6 million

November 10, 2022

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Plug Power, a U.S.-based developer of hydrogen fuel cell (HFC) turnkey solutions, recorded a net loss of $170.76 million in the third quarter (Q3) of 2022, a year-on-year (YoY) increase of 60.08% from $106.67 million.

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Gautamee Hazarika

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Plug Power’s Net Loss Up 60% YoY in Q3, as it Builds its Green Hydrogen Platform

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