Plug Power Inc. (NASDAQ:PLUG) is one of the best high volume stocks to buy right now. On December 1, Plug Power commenced its first-ever liquid hydrogen supply contract with NASA, marking a milestone for the company’s entry into the aerospace sector. Plug Power will supply up to 218,000 kilograms (~480,000 pounds) of liquid hydrogen to support mission-critical operations. The contract is part of a larger procurement initiative, carries a total value of ~$2.8 million, and is slated to run through November 30, 2030, following a structure that includes a 2-year base period and three 1-year options.
The fuel is destined for Ohio’s NASA Glenn Research Center in Cleveland and the Neil A. Armstrong Test Facility in Sandusky. The award underscores Plug Power’s ability to meet the space agency’s stringent requirements for high-purity hydrogen to ensure the reliability of rocket engines and aeronautical research. The partnership serves as a validation of the company’s technical capabilities, as NASA is one of the world’s most demanding consumers of liquid hydrogen, using more than 37 million pounds of the fuel annually. The move also opens up the rapidly growing space industry for Plug Power, which is projected to reach a $1 trillion valuation in the coming years.
The company will use its own dedicated cryogenic transport fleet and its expanding national hydrogen production network. The network currently includes active facilities in Georgia, Tennessee, and Louisiana, which provide a combined production capacity of roughly 40 tons per day. This distributed infrastructure offers built-in redundancy and supply security, ensuring consistent uptime for NASA alongside Plug’s existing industrial and mobility customers.
Plug Power Inc. (NASDAQ:PLUG) develops hydrogen fuel cell product solutions in North America, Europe, Asia, and internationally.
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Disclosure: None. This article is originally published at Insider Monkey.
