Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

# Hydrogen Play or AI Bet? Why Plug Power's Pivot Matters (But Risky)



Plug Power (PLUG) has been a disaster for investors—down 99% since 1999. But here's what just changed: the company signed a nonbinding deal to sell electricity rights to AI data centers for over $275 million in liquidity. They're also exploring backup power solutions for data center operators via hydrogen fuel cells.

Makes sense on paper. Data center power demand is about to explode—way beyond what the grid can handle. Green hydrogen generators that run 24/7 with zero emissions? That's the infrastructure AI ops actually need.

**But before you FOMO in:**
- The deal is non-binding (yet)
- PLUG just lost $364M in Q3
- Trump admin killed their $1.7B DOE loan
- Hydrogen adoption is still 10+ years out

Is this the turnaround moment or another false dawn? Data center angle is legit, but execution risk is massive. Watching this one closely—not buying yet.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)