Plug Power Sustainability Profile
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 65% 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 26,273,000 kg CO2e, comprising 10,180,000 kg CO2e from Scope 1 and 16,093,000 kg CO2e from Scope 2 emissions. This reflects a slight increase from 2022, when the company recorded total emissions of about 28,565,000 kg CO2e, with Scope 1 emissions at 8,424,000 kg CO2e and Scope 2 emissions at 20,141,000 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 are not cascaded from any parent organisation, and all data is sourced directly from Plug Power Inc.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 8,424,000 | 00,000,000 |
| Scope 2 | 20,141,000 | 00,000,000 |
| Scope 3 | - | - |
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Plug Power's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Plug Power has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
