Mentioned:
Plug Power is using their liquid hydrogen for something new: aerospace.
What’s happening:
- Plug Power (NASDAQ: PLUG) has won a $2.8M USD contract from NASA for liquid hydrogen supply
By the numbers:
- Plug Power will supply NASA with roughly 480,000 pounds of liquid hydrogen as part of the new deal
Why it matters:
- This is the first time ever that Plug Power has been awarded a deal from NASA
Going deeper:
- NASA uses approximately 37M pounds of liquid hydrogen annually for large rocket launches and engine test programs
- This is also the first deal that Plug Power has ever done a deal to leverage their liquid hydrogen for aerospace purposes
