Plug Power plans $387 million STAMP plant expansion

SourceThe Buffalo News
Date Published05/26/2023
Author NameMatt Glynn

Additional Reshoring Information:

Company/Division name Plug Power
Parent companyPlug Power
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):87
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2024
Capital investment ($):678
City reshored to:Alabama
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshored"green hydrogen" fuel cells
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Better Control of Process/Delivery/Factory, Govt. Policy and subsidies, Higher productivity, Under-utilized capacity, IRA
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