Samantha Hoh's questions to PLUG POWER (PLUG) leadership • Q4 2024
Question
Samantha Hoh questioned if there were discussions around Texas state-level stimulus for hydrogen and asked about the process for potentially monetizing Production Tax Credits (PTCs).
Answer
CEO Andrew Marsh said he was not aware of any specific Texas state-level stimulus programs but noted the state's delegation is helpful in dealings with the DOE. CFO Paul Middleton explained that PTCs are a direct pay mechanism upon tax filing, but the company is also exploring options to sell the credits at a discount for earlier liquidity with the help of a tax equity broker.