Plug Power Inc. (PLUG) Q4 2023 Earnings Call Transcript

For the period ending December 31, 2023

January 23, 2024 8:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Greetings. Welcome to the Plug Power January 2024 Business Update Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to Meryl Fritz, Marketing Communications Manager. Thank you. You may begin.

Meryl Fritz

Thank you. Welcome to the 2024 business update call. This call will include forward-looking statements. These forward-looking statements include, among others, statements of expectations, beliefs, future plans and strategies, anticipated results from operations and developments and other matters that are not historical facts. We intend these forward statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We believe that it is important to communicate our future expectations to investors.

However, investors are cautioned not to unduly rely on forward-looking statements, and such statements should not be read or understood as a guarantee for future performance or results. Such statements are based upon the current expectations, estimates, forecasts and projections, as well as the current beliefs and assumptions of management, and are subject to significant risks and uncertainties that could cause actual results or performance to differ materially from those discussed as a result of various factors, including, but not limited to, the risks and uncertainties discussed under Item 1A Risk Factors in our annual report on Form 10-K for the fiscal year ending December 31, 2022, subsequent quarterly reports on Form 10-Q, and other reports we file from time to time with the Securities and Exchange Commission.

These forward-looking statements speak only of day in which the statements are made, and we do not undertake or intend to update any forward-looking statements after this call or as a result of new information.

At this point, I would like to turn the call over to Plug Power's CEO, Andy Marsh.

Andy Marsh

Well, thank you, Meryl, and thank you to everyone joining us for our annual update call. I'd like to begin by sharing the exciting news that our Georgia plant is now operational. This facility stands as the largest PEM electrolyzer plant in operation across North America and Europe and it's coupled with our liquefaction plant. Achieving this milestone previously only within the reach of traditional industrial gas companies marks a significant achievement and signals a new era for the hydrogen industry.