Plug Power stock gains after company wins part in $21.8 million European grant

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Plug Power stock gains after company wins part in $21.8 million European grant
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Shares of Plug Power Inc. were rising 1.6% in premarket trading Tuesday after the alternative-energy company announced that it was part of a group of...

Shares of Plug Power Inc.

were rising 1.6% in premarket trading Tuesday after the alternative-energy company announced that it was part of a group of companies that got a $21.8 million grant from the European Commission to build an offshore hydrogen production plant. Plug Power will design and deliver a 10-megawatt proton exchange membrane electrolyzer system as part of HOPE , a consortium that includes nine companies. This PEM will go to a North Sea site located off a Belgian port.

were rising 1.6% in premarket trading Tuesday after the alternative-energy company announced that it was part of a group of companies that got a $21.8 million grant from the European Commission to build an offshore hydrogen production plant. Plug Power will design and deliver a 10-megawatt proton exchange membrane electrolyzer system as part of HOPE , a consortium that includes nine companies. This PEM will go to a North Sea site located off a Belgian port.

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