Plug Power has secured a $1.66 billion loan guarantee from the U.S. Department of Energy to support the construction of low-carbon liquid hydrogen projects in the USA. This financing will reduce financing risks for Plug Power by having the government act as a guarantor for a significant portion of the debt associated with these projects. The first project to benefit from this financing is a hydrogen plant in Graham, Texas, expected to be powered by a nearby wind farm and equipped with Plug's electrolyser technology. This development will augment Plug Power's current US liquid hydrogen production capacity. CEO Andy Marsh expressed that finalizing the loan guarantee marks a crucial step in expanding the company's domestic manufacturing and hydrogen production capabilities. However, there has been a shift in Plug Power's language from focusing solely on 'green hydrogen production facilities' to supporting projects that produce and liquify zero- or low-carbon hydrogen, indicating a potential openness to using diverse energy sources like nuclear and fossil-based power with carbon capture. This change follows the US Treasury's relaxation of hydrogen tax credit rules, which has opened doors for developers to explore various energy pathways.