- Increased pricing of GHG emissions due to potential carbon tax.
- Potential carbon tax based on imports of precious metals.
- Increased emission reporting obligations.
- Changing regulations on hydrogen fuel production and transportation.
- Increased exposure to litigation related to sustainability claims.
- Unsuccessful investment in new technologies.
- Costs to transition to lower emissions technology.
- Uncertainty in market signals.
- Increased cost of raw materials.
- Increased cost of renewable energy implementation.
Plug Power Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Plug Power Inc. disclosed greenhouse gas emissions of 26.3K tCO2e/year (2023). By scope: Scope 1: 10.2K tCO2e/year (2023); Scope 2: 16.1K tCO2e/year (2023); Scope 3: Data not available. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
26.3K tCO2e/year (2023)
2023
Water Usage
211.9M US Gallons (2023)
2023
Waste
Data to be reported in 2024
2023
Energy Use
54.4K MWh/year (2023)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 10.2K tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 16.1K tCO2e/year (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | Data not available |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 26.3K tCO2e/year (2023) |
| 2022 | 36.1K MTCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Completed initial Scope 3 GHG emissions inventory.
- Began commissioning of liquid hydrogen plant in Georgia.
- Produced over one hundred 1 megawatt (MW) PEM stacks in one month at Rochester gigafactory.
- Pioneered offshore hydrogen production with partners.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce precious metal usage in electrolyzers by 70% in the next five years.
📅 Medium-term
- Scale hydrogen production plants to one gigawatt (GW) or more.
- Transition distribution fleet to hydrogen trucks.
🔭 Long-term
- Net-zero emissions (implied).
🌱 ESG Focus Areas
Climate ChangeGreen HydrogenDiversity, Equity, and InclusionSupply Chain SustainabilityEmployee Well-beingGovernance