Andrew Marsh

“I'm here to share the progress and strategic developments Plug has achieved in the second quarter of 2024.”

“Our main focus has been to increase both the price of hydrogen and the price of service. Among our top eight customers, we've finalized contractual agreements with six, while negotiations with the remaining two are in the final stages.”

“It's a difficult quarter, driven primarily by the availability of hydrogen. Over the past several months, there have been enormous challenges associated with the availability of hydrogen, primarily due to down plants, including our Tennessee facility and temporary plant outages across the entire hydrogen network.”

“I'm going to take the electrolyzer sales, and Sanjay is sitting here with me, and he works the hydrogen offtake agreements every day. So with electrolyzers, there are a few questions we ask right upfront.”

“Thank you, Teal, and thank you, everyone, for attending Plug's second quarter conference call. The last week has been a monumental week for the world, the U.S., the fuel cell and hydrogen industry and Plug with the passing of the Inflation Reduction Act through the Senate.”