Great interview, although it always rubs me wrong when Andy talks about Green Hydrogen by buying green energy credits or PPAs. I know the ideal green hydrogen would be to use excess green energy, but we keep building plants that produce H2 at a constant rate 24x7 and just hooking them to the grid regardless of its energy make up. By just using the same power from the grid 24x7, you're just using more fossil fuels to power the grid when inconstant green power isn't available which defeats the whole purpose of calling it green. For example GA's grid is over 60% natural gas and coal. We need a plan to install and run electrolyzers that are variable with the supply of green energy.
What you are suggesting is not viable before the industry as a whole becomes viable. There are journal articles which show the exact same thing. In order to make it viable the current situation is necessary.
@@KrSa-w5h It certainly is viable to stop calling it "green hydrogen" until it's green. If it ever becomes economical enough to run it only when there's a surplus of green electricity, then sure.
In my book it is green as long as the input is electricity. The source of electricity should not be plugs problem or the problem of green hydrogen industry. May be government should regulate and charge carbon emissions, then the source of electricity will be cleaned up. Then they might install cryogenic carbon capture tech on the coal/gas fired power plants. The tech is viable and captures over 99% of emissions.
Please stop taking a look back and look forward and see what you can deliver to the shareholders. We have been waiting patiently for you guys to overcome your sloppiness and incompetence in management. Stop kicking the bucket of profitability down the road. Now that 45 v is much more favorable please go out and sell all the back logged inventory that has accumulated and please sell it at a profit. And stop saying learning, you are leader of the industry, you should have learned all your lessons by now.
Great interview. I wish you had asked Andy, when are shareholders going to see a dividend? I think the stock price would be more stable if the company showed that it is not only a good technology but a good investment.
That's a touchy subject. After paying Amazon to use their forklifts, then loosing all that money with an unattainable low H2 price to supply them, it'll be a while. Even if they were able to eventually sell them electrolyzers to make their own H2, it'll be a while to dig out. Investors are more wise and the hint of giving away cheap warrants with a sale will scare them off and with a stock price below $3, they have little wiggle room. You can't pay dividends if you don't have the cash to hand out. They need to be in the black for some time before paying out dividends.
Plug cannot pay a dividend. They are not even profitable - how could they pay out to investors when they don't make money?. The only way that will occur is if and when Plug can generate and deliver a consistent quarterly profit (assuming that would come from green H2 plants consistently generating product and delivering guaranteed revenues) - and that is not going to happen for at least the next 5 - 10 years, if not longer.
Great interview, although it always rubs me wrong when Andy talks about Green Hydrogen by buying green energy credits or PPAs. I know the ideal green hydrogen would be to use excess green energy, but we keep building plants that produce H2 at a constant rate 24x7 and just hooking them to the grid regardless of its energy make up. By just using the same power from the grid 24x7, you're just using more fossil fuels to power the grid when inconstant green power isn't available which defeats the whole purpose of calling it green. For example GA's grid is over 60% natural gas and coal. We need a plan to install and run electrolyzers that are variable with the supply of green energy.
What you are suggesting is not viable before the industry as a whole becomes viable. There are journal articles which show the exact same thing. In order to make it viable the current situation is necessary.
@@KrSa-w5h It certainly is viable to stop calling it "green hydrogen" until it's green. If it ever becomes economical enough to run it only when there's a surplus of green electricity, then sure.
In my book it is green as long as the input is electricity. The source of electricity should not be plugs problem or the problem of green hydrogen industry. May be government should regulate and charge carbon emissions, then the source of electricity will be cleaned up. Then they might install cryogenic carbon capture tech on the coal/gas fired power plants. The tech is viable and captures over 99% of emissions.
@KrSa-w5h Not caring where the energy comes from is called greenwashing, not green.
Why is Plug finally firing Marsh and bringing in a competent CEO?
Please stop taking a look back and look forward and see what you can deliver to the shareholders. We have been waiting patiently for you guys to overcome your sloppiness and incompetence in management. Stop kicking the bucket of profitability down the road. Now that 45 v is much more favorable please go out and sell all the back logged inventory that has accumulated and please sell it at a profit. And stop saying learning, you are leader of the industry, you should have learned all your lessons by now.
Great interview. I wish you had asked Andy, when are shareholders going to see a dividend? I think the stock price would be more stable if the company showed that it is not only a good technology but a good investment.
That's a touchy subject. After paying Amazon to use their forklifts, then loosing all that money with an unattainable low H2 price to supply them, it'll be a while. Even if they were able to eventually sell them electrolyzers to make their own H2, it'll be a while to dig out. Investors are more wise and the hint of giving away cheap warrants with a sale will scare them off and with a stock price below $3, they have little wiggle room. You can't pay dividends if you don't have the cash to hand out. They need to be in the black for some time before paying out dividends.
There is a better chance of pigs flying than Plug paying dividends in the next decade.
Plug cannot pay a dividend. They are not even profitable - how could they pay out to investors when they don't make money?. The only way that will occur is if and when Plug can generate and deliver a consistent quarterly profit (assuming that would come from green H2 plants consistently generating product and delivering guaranteed revenues) - and that is not going to happen for at least the next 5 - 10 years, if not longer.