Plug Power Inc., a leading provider of hydrogen solutions, announced its financial results for Q1 2025, showcasing revenue growth to $133.7 million driven by electrolyzer deliveries and material handling demand. The company reported a substantial improvement in gross margin loss, reaching -55% in Q1 2025. Plug highlighted its focus on material handling, electrolyzers, and hydrogen supply as key areas for delivering impact to customers and investors. In Q1 2025, Plug achieved a milestone with the commissioning of a 15-ton-per-day hydrogen liquefaction plant in Louisiana, increasing its U.S. hydrogen production capacity and strengthening partnerships with customers like Amazon and Walmart. The company also saw significant growth in its GenEco electrolyzer business, signing a 3 GW supply agreement for a green hydrogen project in Australia and surpassing 8 GW in global contracts. Furthermore, Plug deployed over 848 fuel cell units in Q1 2025, particularly in the material handling segment. The company expanded its reach in Europe through a partnership with STEF and unlocked future opportunities with a $10 million order strategy. Plug is also actively involved in hydrogen infrastructure deployment for logistics and automotive customers. Looking ahead, Plug anticipates revenue growth in Q2 2025 and plans to focus on margin enhancement and global adoption of its electrolyzer platform. The company aims to drive long-term capital efficiency through financing initiatives and remains committed to sustainable growth in the hydrogen economy.