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 70% 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 reported total carbon emissions of approximately 26,273,000 kg CO2e, comprising about 10,180,000 kg CO2e from Scope 1 and about 16,093,000 kg CO2e from Scope 2 emissions. This reflects a significant operational footprint as the company continues to expand its activities globally. Comparatively, in 2022, Plug Power's emissions were about 28,565,000 kg CO2e, with Scope 1 emissions at approximately 8,424,000 kg CO2e and Scope 2 emissions at around 20,141,000 kg CO2e. This indicates a slight reduction in total emissions year-on-year. Plug Power has committed to using its greenhouse gas (GHG) inventory as a tool for monitoring and managing emissions, aiming for net-zero emissions in the near term. The company has set reduction targets for both Scope 1 and Scope 2 emissions, with a timeframe from 2023 to 2025, although specific percentage reduction goals have not been disclosed. Overall, Plug Power's climate commitments reflect a proactive approach to sustainability, focusing on responsible operational practices while addressing its carbon footprint.
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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.
