PLUG POWER WKN: A1JA81 ISIN: US72919P2020 Kürzel: PLUG Forum: Aktien Thema: Hauptdiskussion
$PLUG lug Power Affected by US Federal Funding Cuts Plug Power is directly affected by the US government's federal funding cuts. The New York-based company is one of the firms whose promised funds have been rescinded. According to reports on the lists of canceled projects: Multiple Grants Canceled: Plug Power has lost several grants. It is reported that the company had four grants canceled alone. Affected Volume: The canceled funding for Plug Power amounts to a figure in the tens of millions of US dollars. Among others, a $42 million grant for the manufacturing of PEM electrolyzers and a $1.7 million grant for an advanced hydrogen delivery system were annulled. Overall Impact: Plug Power and Ionomr Innovations are collectively set to lose about $75 million, with the majority of this sum being attributed to Plug Power. The cancellations took place as part of a far-reaching cut of over 300 grants for clean energy projects by the US Department of Energy (DOE).
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