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 52% 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 2023, Plug Power, headquartered in the US, reported total carbon emissions of approximately 10,180,000 kg CO2e for Scope 1 and about 16,093,000 kg CO2e for Scope 2, resulting in a combined total of around 26,273,000 kg CO2e. This marks an increase from 2022, when the company recorded approximately 8,424,000 kg CO2e in Scope 1 and about 20,141,000 kg CO2e in Scope 2, leading to a total of around 28,565,000 kg CO2e. Plug Power is committed to reducing its greenhouse gas emissions, with specific targets set for both Scope 1 and Scope 2 emissions. The company aims to utilise its greenhouse gas inventory as a tool for monitoring and managing emissions, ensuring sustainable operations. These commitments are part of a near-term strategy that spans from 2023 to 2025, although specific percentage reduction targets have not been disclosed. As of now, Plug Power has not reported any Scope 3 emissions, indicating a focus on direct and indirect emissions from its operations and energy use. The company’s climate initiatives reflect a growing trend in the industry towards transparency and accountability in emissions management.
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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.
