Verification report
Hydrogen Infrastructure: Plug Power Monetizes $39.2M Transferable ITC for St. Gabriel Plant
The article accurately describes Plug Power Inc.'s recent sale of a $39.2 million federal Investment Tax Credit (ITC) associated with its hydrogen liquefaction facility in St. Gabriel, Louisiana. This transaction aligns with Plug Power's strategy to enhance liquidity and capital deployment. The facility, commissioned in April 2025, has a capacity of 15 tons of hydrogen per day and is operated through Hidrogenii, a joint venture with Olin Corporation. The information is current and corroborated by multiple reputable sources.
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