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. This marks an increase from 2022, when the company emitted about 28,565,000 kg CO2e, with 8,424,000 kg CO2e from Scope 1 and 20,141,000 kg CO2e from Scope 2. Plug Power is committed to reducing its greenhouse gas emissions, utilising its GHG inventory as a tool for monitoring and managing emissions. The company has set near-term net-zero targets for both Scope 1 and Scope 2 emissions, aiming for significant reductions by 2025. These commitments reflect Plug Power's dedication to sustainable operations and responsible environmental stewardship. As of now, there is no reported data on Scope 3 emissions, and the company has not cascaded any emissions data from a parent organisation. Plug Power's climate initiatives align with industry standards, demonstrating a proactive approach to addressing climate change.
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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.
