Jose Luis Crespo, new CEO of Plug Power, outlines roadmap to achieve positive EBITDA by Q4‑2026 and full profitability by 2028.
Company posted positive margins and 13% revenue growth in Q4 2025, targeting continued strong growth across electrolyzers, hydrogen production, and fuel‑cell logistics.
Plug Power is delivering projects such as 100 MW electrolyzer at Galp’s Sines refinery and 25 MW system with Iberdrola/BP, expanding its European footprint.
Crespo emphasizes cost‑reduction levers—electricity price, electrolyzer efficiency, capital costs—and notes U.S. tax credits (30% ITC, $3/kg PTC) aid project economics.