Plug Power Inc., a global leader in hydrogen solutions, recently increased its liquidity by approximately $30 million by transferring the Federal Investment Tax Credit to a major investor. This move, enabled by the Inflation Reduction Act of 2022, allows Plug to leverage tax credit transferability to offset investments in its hydrogen plants, reducing future fuel costs. The company's plant in Woodbine, Georgia, which began production in early 2024, is benefiting from Production Tax Credits and ITC due to its investment in liquefaction and storage technologies. Plug's CEO and CFO highlighted the significance of these tax credits in advancing the green hydrogen industry and driving energy independence. The company's focus on clean energy investments and commitment to building a green hydrogen ecosystem align with its goal of decarbonizing the economy. Plug's strategic use of tax credit transferability provisions under the IRA showcases its dedication to advancing clean energy technologies and fostering business growth in the green economy.