Plug Power has invaded its parking lot in Latham

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COLONY – Plug Power, the local fuel cell manufacturer, has grown so rapidly that there is not even room to park at its headquarters and manufacturing center in Latham.

Employees told The Times Union that they were asked to park before their shift at a satellite lot operated by Albany International Airport, where they took a shuttle to the headquarters of Plug Power, about three hours away. kilometers on Albany Shaker Road.

Plug Power is one of the Capital Region’s fastest growing companies and quickly overtook its original headquarters at 968 Albany Shaker Road, near the busy Highway 2 intersection. move its manufacturing operations to a new facility. in the city of Bethlehem later this year, which will accommodate more than 600 employees.

The company’s hydrogen fuel cells are seen as a viable green technology for powering vehicles and buildings because they only emit hot air and water vapor. The company is also trying to become one of the world’s largest manufacturers of green hydrogen, made from water using renewable energy.

“Plug Power is growing rapidly (at its headquarters in Latham) due to increasing demand for its hydrogen solutions,” said Tammy Kimble, executive vice president of human resources at Plug Power in a statement provided to The Times Union . “To meet this growth, we are building a new facility with 600 parking spaces. In the meantime, we have secured a parking space with shuttle service and are paying for the service for all of our employees. We are also working on several options for additional transportation, such as carpooling, to support our workforce. ”

The company, which has a $ 3 billion war chest that it has used to expand its operations across the globe, reported $ 143.9 million in revenue in the third quarter of 2021, compared with $ 107 million over the same period of 2020.

The company also predicts it will reach $ 3 billion in annual revenue by 2025.

The company is in the process of securing local government approval for a new 350,000 square foot fuel cell manufacturing plant in Slingerlands on the Vista Tech Campus that will initially employ 670 people, but may expand. to 1,600 over time.



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