The US Department of Energy (DOE) has announced a $1.66bn loan guarantee to Plug Power's subsidiary, Plug Power Energy Loan Borrower, to develop up to six clean hydrogen facilities. This investment is in line with the Biden-Harris administration's clean energy initiatives and is a part of the Investing in America agenda to strengthen the US's position in the global energy sector. The loan guarantee, facilitated through the DOE’s Loan Programs Office (LPO), will enable the production of clean hydrogen using Plug Power's electrolyser technology, contributing to the DOE's efforts to establish regional clean hydrogen hubs and programmes. These initiatives aim to stimulate local economies, create job opportunities, and decrease greenhouse gas emissions to help the US reach its net zero targets and enhance industrial competitiveness. The project by Plug Power includes the construction of clean hydrogen facilities throughout the US. These facilities will provide clean hydrogen to the national customer base using advanced electrolyser stacks manufactured at Plug Power's gigafactory in Rochester, NY. The design incorporates modular features to develop a robust hydrogen fuel delivery network, with efficient operation leveraging renewable energy sources through proton exchange membrane technology. The primary goal of the project is to establish a commercial-scale clean hydrogen fueling network to support fuel cell-electric vehicles across different sectors. Plug Power's hydrogen plants in Georgia, Tennessee, and Louisiana are already operational, producing 45 tonnes of liquid hydrogen daily. This new project is expected to significantly reduce greenhouse gas emissions by 84% compared to conventional hydrogen production methods. The $1.66bn loan guarantee will not only support construction jobs but also ensure at least 50 full-time positions per site. The financing is part of the LPO's Title 17 Clean Energy Financing Programme, which backs pioneering energy projects such as Plug Power's hydrogen initiatives.