Plug Power, a green hydrogen manufacturing company based in Lathan, has finalized a $1.66 billion loan guarantee with the U.S. Department of Energy just before President Joe Biden leaves office. The CEO, Andy Marsh, sees this as a significant step in expanding domestic manufacturing and hydrogen production capabilities, creating high-quality jobs and aligning with national security interests. While there are uncertainties about the usage of the funds for ongoing projects, Plug aims to complete six plants, including one in WNY STAMP. This loan will finance the construction of multiple zero- or low-carbon hydrogen plants, with the first in Graham, Texas, creating hundreds of jobs. The DOE emphasizes the importance of advancing clean hydrogen to build a robust clean energy economy and support American-led industry growth. The hydrogen produced by Plug's facilities will be used in fuel cell-electric vehicles, leading to an 84% reduction in greenhouse gas emissions compared to conventional production methods. Despite the positive government support and environmental benefits, Plug's stock faced a 7% drop post-announcement, possibly reflecting investor concerns due to the company's historical lack of profitability.