Plug Power
Plug Power Inc., a leading provider of alternative energy technology, is headquartered in the United States, with significant operations across North America and Europe. Founded in 1997, the company has established itself as a pioneer in the hydrogen fuel cell industry, focusing on clean energy solutions for various applications, including material handling and stationary power. Plug Power's core offerings include hydrogen fuel cell systems and integrated hydrogen solutions, which are distinguished by their efficiency and sustainability. The company has achieved notable milestones, such as the development of the GenDrive product line, which powers electric forklifts and other vehicles, positioning Plug Power as a key player in the transition to green energy. With a strong market presence and a commitment to innovation, Plug Power continues to drive advancements in the hydrogen economy.
DitchCarbon Score
How does Plug Power's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Hydropower Generation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Plug Power's score of 26 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Plug Power's reported carbon emissions
In 2024, Plug Power reported total carbon emissions of approximately 62,500,000,000 kg CO2e in the US, with no specific breakdown available for Scope 1, 2, or 3 emissions. Globally, the company disclosed emissions of about 47,468,000 kg CO2e for Scope 1 and approximately 1,358,000 kg CO2e for Scope 2 (market-based), alongside a significant Scope 3 total of about 8,151,769,000 kg CO2e. The Scope 3 emissions included substantial contributions from capital goods (approximately 5,517,614,000 kg CO2e) and purchased goods and services (about 1,920,413,000 kg CO2e). Plug Power has set near-term climate commitments targeting reductions in both Scope 1 and Scope 2 emissions, with a focus on utilising their greenhouse gas (GHG) inventory as a management tool. These commitments are aimed at ensuring sustainable operations and are set to be monitored from 2023 to 2025. The company aligns with broader industry goals, as indicated by the need for power emissions in the US to decrease by 11% annually to meet post-2025 targets. Overall, Plug Power's emissions data and climate commitments reflect a proactive approach to managing their carbon footprint, although specific reduction targets in percentage terms have not been disclosed. The company is not currently inheriting emissions data from any parent organisation, maintaining its own reporting standards.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 8,424,000 | 00,000,000 |
| Scope 2 | 20,141,000 | 00,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Plug Power is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
