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.
+4 vs industry average
Plug Power’s score of 13 is higher than 58% 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
Hydropower Generation is among the most carbon-intensive industries
Industry performance
The Hydropower Generation industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
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)
2 goals2025
We are committed to using our GHG inventory as a tool for mo…
We are committed to using our GHG inventory as a tool for monitoring and managing our emissions to ensure that we are operating in a sustain…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Plug Power
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