Plug Power Closes $25 Million Loan Facility Agreement With NY Green Bank

Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy solutions that change the way the world moves, announces it has closed a $25 million senior loan with NY Green Bank. This loan provides Plug Power with additional liquidity and flexibility, and does not require minimum cash balances as was the case with Plug Power’s prior senior loan facility.  The loan leverages the Company’s existing restricted cash, and will be repaid as that cash is released.  Plug Power will utilize the capital for the deployment of additional hydrogen and fuel cell…

Read More