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Plug Power Inc., a leading player in the electricity by hydro industry, is headquartered in the United States. Founded in 1997, the company has established itself as a pioneer in providing innovative hydrogen fuel cell systems, primarily for the material handling and stationary power markets. With a focus on sustainable energy solutions, Plug Power has made significant strides in developing green hydrogen production and fuel cell technology.
The company operates extensively across North America and Europe, delivering unique products that enhance energy efficiency and reduce carbon emissions. Notable achievements include partnerships with major corporations and a growing portfolio of patents that underscore its market position. Plug Power's commitment to advancing clean energy solutions positions it as a key contributor to the transition towards a more sustainable future.
11
DitchCarbon score
+2 vs industry average
Plug Power’s score of 11 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Hydropower Generation is among the most carbon-intensive industries
Industry performance
3.039
20182025
The Hydropower Generation industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Plug Power's reported carbon emissions
Plug Power, headquartered in the US and operating within the Electricity by hydro industry, has reported its carbon emissions. For 2023, the company disclosed Scope 1 emissions totalling approximately 10,180,000 kg CO2e and Scope 2 emissions of about 16,093,000 kg CO2e. In 2022, Plug Power reported Scope 1 emissions of approximately 8,424,000 kg CO2e and Scope 2 emissions of around 20,141,000 kg CO2e.
Plug Power is committed to monitoring and managing its greenhouse gas emissions. Near-term reduction targets have been set for Scope 1 and Scope 2 emissions, with a commitment to operate sustainably and responsibly. The company aims to achieve these goals between 2023 and 2025. It's important to note that Scope 3 emissions data is not yet available for Plug Power, with fuel and energy-related activities being a noted missing data point.
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Plug Power’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Plug Power4 days ago
11
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