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Home > Company Index > Manufacturing > Miscellaneous Electrical Products > Plug Power Inc.

Plug Power Inc.
Nasdaq: PLUG
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 NEWS FROM THE WIRES
Energy technology shares plumment, investors flee
Aug 17 2001 12:59 PM PDT

Plug Power Q2 net loss narrows on higher revenue
Jul 26 2001 09:37 AM PDT

Plug Power prices 4 mln. shares at $12
Jul 20 2001 06:28 AM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
The Hot Money Goes to Energy
Feb 12 2001 12:00 AM PST

 PROFILE
Plug Power wants to give power to the people. The company develops on-site power generation systems for commercial and residential dwellings and for automotive applications. Plug Power uses proton exchange membrane (PEM) fuel cells to generate electricity from hydrogen gas without combustion. Plug Power hopes to be selling fuel cells (through a joint venture with GE MicroGen) by the first half of 2002. The company will target utilities as well as government agencies. Plug Power was founded as a joint venture between DTE Energy and Mechanical Technology. DTE Energy directors Anthony Earley Jr. and Larry Garberding together own 32% of the company; Plug Power chairman George McNamee also owns 32%.

 COMPETITION
Avista Corporation (AVA)
Ballard Power Systems Inc. (BLDP)
Electric Fuel Corporation (EFCX)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 8.40
1-Yr. Sales Growth: (23.6)%
Employees: 537
Revenue per employee: $15,642.46

 KEY PEOPLE
• Roger B. Saillant
    CEO
• William H. Largent
    CFO

 CONTACT INFO
968 Albany-Shaker Rd.
Latham, NY 12110
US
Phone: 518-782-7700
Fax: 518-782-9060
Online: Web Site

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