Plug Power Inc., based in Slingerlands, New York, announced its financial results for the first quarter of 2025, showcasing positive growth and advancements in hydrogen solutions. The company reported a revenue of $133.7 million for Q1 2025, indicating progress in electrolyzer deliveries, material handling demand, and cryogenic platform deployments. Additionally, Plug demonstrated an improvement in gross margin loss from -132% in Q1 2024 to -55% in Q1 2025, attributing this enhancement to internal supply chain optimizations, cost reductions, and leveraging its hydrogen platform. To bolster liquidity, Plug secured a $525 million credit facility, with a focus on material handling, electrolyzers, and hydrogen supply to drive significant growth in 2025. In terms of achievements, Plug successfully commissioned a 15-ton-per-day hydrogen liquefaction plant in Louisiana, expanding its U.S. hydrogen production capacity to approximately 40 TPD and strengthening its ability to provide clean, domestic hydrogen to major customers like Amazon and Walmart. The company's GenEco electrolyzer business experienced rapid scaling, with revenue growing by 575% year over year. Plug also signed significant supply agreements and surpassed 8 GW in global Basic Engineering and Design Package contracts, contributing to decarbonization efforts worldwide. Furthermore, Plug deployed over 848 fuel cell units in Q1 2025, supporting material handling operations and expanding hydrogen infrastructure with logistics and automotive partners. Looking ahead to 2025, Plug anticipates second-quarter revenue between $140 million and $180 million, with continued improvement in gross margin and working capital performance expected. The company remains focused on leveraging its infrastructure and driving global adoption of its GenEco electrolyzer platform. Plug's commitment to disciplined execution, profitable growth, and leadership in the global hydrogen economy underpins its strategic initiatives and advancements in the clean energy sector.