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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: Plug Power Inc.
Ownership Structure: publicly traded (ticker symbol PLUG)
Headquartered in: New York
Major Industry: utilities and power generation
Specific Industry: alternative energy technology
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $292,619,646 | 12 |
Federal (grants and allocated tax credits) | $42,848,299 | 17 |
TOTAL | $335,467,945 | 29 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $0 | 0 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
TOTAL | $0 | 0 |
Time Period for State and Local Awards: Earliest year of data: 2003. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2020.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
New York | $286,992,166 | 10 |
Louisiana | $5,487,480 | 1 |
Ohio | $140,000 | 1 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
Company | Location | Subsidy Source | Year | Subsidy Value ![sort ascending sort icon](https://violationtrackeruk.goodjobsfirst.org/resource//arrow-asc.png) | Loan/Bailout Value | Type of Subsidy |
Plug Power | New York | multiple | 2021 | $269,500,000 | | MEGADEAL ![Megadeal is the designation we give to our list of subsidy awards worth at least $100 million going back as far as the late 1970s (in January 2024, we increased the threshold from $50 million to $100 million). Many of them are packages involving multiple state and local subsidies. We created the list to fill gaps in the official disclosure data that make up the bulk of the content in Subsidy Tracker. Megadeal entries thus rely on a wide variety of information sources. In some cases these entries overlap entries from specific subsidy programs. In those instances the dollar totals on the Parent Summary Pages and the State Summary Pages are adjusted to avoid double-counting.](https://subsidytracker.goodjobsfirst.org/resources/images/qmark.gif) |
Plug Power, Inc. (2) (FL) | New York | state | 2022 | $13,000,000 | | tax credit/rebate |
Plug Power Inc | United States | federal | 2009 | $5,866,413 | | federal grant |
Plug Power, Inc | Louisiana | local | 2022 | $5,487,480 | | property tax abatement |
Plug Power Inc | United States | federal | 2009 | $5,405,290 | | federal grant |
Plug Power Inc | United States | federal | 2009 | $4,845,604 | | federal grant |
Plug Power Inc | United States | federal | 2019 | $4,000,000 | | federal grant |
Plug Power Inc | United States | federal | 2007 | $3,849,998 | | federal grant |
Plug Power Inc | United States | federal | 2020 | $3,467,664 | | federal grant |
Plug Power Inc | United States | federal | 2007 | $3,050,732 | | federal grant |
Plug Power Inc | United States | federal | 2020 | $2,687,181 | | federal grant |
Plug Power Inc | United States | federal | 2013 | $2,150,518 | | federal grant |
Plug Power Inc | United States | federal | 2016 | $2,059,609 | | federal grant |
Plug Power Inc | United States | federal | 2018 | $1,797,216 | | federal grant |
Plug Power Inc | United States | federal | 2022 | $1,337,659 | | federal grant |
Plug Power | New York | local | 2022 | $1,222,318 | | tax credit/rebate |
Plug Power, Inc. | New York | state | 2018 | $1,200,000 | | tax credit/rebate |
Plug Power Inc | United States | federal | 2009 | $723,334 | | federal grant |
Plug Power Inc | United States | federal | 2019 | $519,713 | | federal grant |
Plug Power Inc. | New York | local | 2004 | $428,000 | | tax credit/rebate; property tax abatement |
Plug Power Inc. | New York | local | 2006 | $428,000 | | tax credit/rebate; property tax abatement |
Giner Elx, Inc. | United States | federal | 2018 | $413,824 | | federal grant |
Plug Power | New York | local | 2007 | $405,233 | | tax credit/rebate; property tax abatement |
Plug Power Inc | United States | federal | 2007 | $399,985 | | federal grant |
Plug Power Inc. | New York | local | 2022 | $386,079 | | tax credit/rebate |
Plug Power Inc | United States | federal | 2007 | $273,559 | | federal grant |
Plug Power Inc. | New York | local | 2021 | $253,553 | | tax credit/rebate |
Plug Power Inc. | New York | local | 2003 | $168,983 | | tax credit/rebate; property tax abatement |
Plug Power Inc. | Ohio | state | 2020 | $140,000 | | tax credit/rebate |