Jose Luis Crespo, former President and CRO, became Plug Power CEO in March 2026, outlining a roadmap to profitability.
Company targets positive EBITDA by Q4 2026, operating profit in 2027 and full profitability by 2028 after Q4 2025 margin gains.
Plug Power is delivering large‑scale electrolyzers, including a 100 MW project with Galp in Portugal and a 25 MW unit with Iberdrola/BP in Spain.
The firm leverages US Inflation Reduction Act tax credits while focusing on electricity, efficiency and capital cost reductions to boost green hydrogen.