Plug Power reports record Q2 results

Plug Power has reported record quarter two (Q2) results, reflecting strong business momentum for the New York-based provider of fuel cell energy solutions.

Gross billings of $58.6m for the quarter, compared to $39.2m in Q2 2018 illustrated an increase of almost $20m.

For the quarter, Plug Power also reported a substantial improvement in operating margin and adjusted EBITDA. The improvement is both year-over-year, on a sequential basis.

The company also deployed over 2,000 of its GenDrive fuel cell systems to a variety of customers, including, Amazon, Walmart, Bridgestone and Lipari.

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