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Plug Power10-Q: Joint venture

JV with Olin generates $39.2M cash from Louisiana hydrogen plant asset sale in Q2 2026

What happened

The 'Hidrogenii' joint venture with Olin is actively monetizing assets, securing $39.2M in cash proceeds from selling investment tax credits.

Source

SEC EDGARAug 10, 2026

Quarterly report (Form 10-Q)

Plug Power 10-Q

Filing excerpt

During the second quarter of 2026, the Company executed an ITC sales agreement for its Louisiana hydrogen production plant. The Company received aggregate cash proceeds of $39.2 million in connection with the sale with related transaction fees of $3.1 million.

sec.gov/Archives/edgar/data/1093691/000110465926093454/plug-20260630x...Read the full source

Other signals in this filing (5)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Joint venture

What this signalsFilings often name leadership changes, deals and spending plans.

Filed
Aug 10, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$39.2M (Cash proceeds from sale of Investment Tax Credits for Louisiana hydrogen plant)

Details

CIK
1093691
Accession number
0001104659-26-093454
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
New entity needs
Signal category
Strategic

Topics and mentions

Technologies

  • hydrogen storage
  • liquefaction
  • fuel cell

Vendors

  • Olin

Regions named

  • Louisiana

Extraction

Confidence
High
Relevance
80%
Sentiment
Positive
Detected
Aug 11, 2026
signal_type
sec-10q
signal_subtype
jointVenture

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/f16a0059-9f29-43ec-97cd-f999f8c6b30d returns this record as JSON. POST /v1/companies/enrich returns every signal for plugpower.com.

{
  "signal_id": "f16a0059-9f29-43ec-97cd-f999f8c6b30d",
  "signal_type": "sec-10q",
  "signal_subtype": "jointVenture",
  "detected_at": "2026-08-11T08:10:48.156+00:00",
  "company": {
    "name": "Plug Power",
    "domain": "plugpower.com"
  },
  "data": {
    "detail": "The 'Hidrogenii' joint venture with Olin is actively monetizing assets, securing $39.2M in cash proceeds from selling investment tax credits. This indicates the project is progressing and generating capital, creating potential budget for suppliers and partners involved in industrial energy projects.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "Cash proceeds from sale of Investment Tax Credits for Louisiana hydrogen plant",
      "dollar_millions": 39.2
    },
    "summary": "JV with Olin generates $39.2M cash from Louisiana hydrogen plant asset sale in Q2 2026",
    "excerpts": "During the second quarter of 2026, the Company executed an ITC sales agreement for its Louisiana hydrogen production plant. The Company received aggregate cash proceeds of $39.2 million in connection with the sale with related transaction fees of $3.1 million.",
    "relevance": 0.8,
    "sentiment": "positive",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1093691/000110465926093454/plug-20260630x10q.htm",
    "filing_date": "2026-08-10",
    "filing_year": 2026,
    "fiscal_year": 0,
    "sales_relevance": "New entity needs",
    "signal_category": "strategic",
    "regions_mentioned": [
      "Louisiana"
    ],
    "vendors_mentioned": [
      "Olin"
    ],
    "technologies_mentioned": [
      "hydrogen storage",
      "liquefaction",
      "fuel cell"
    ]
  }
}

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