How many acquisitions has Plug Power made so far?

Plug Power has completed 8 acquisitions so far, with an average acquisition amount of $45M.

Which countries does Plug Power usually acquire in?

Plug Power has made acquisitions in 3 countries with the most activity in United States and Canada.

Which is Plug Power's latest acquisition?

Plug Power's most recent acquisition is Joule Processing, a Provider of energy efficiency services, acquired in January 2022.

In which year did Plug Power make the most acquisitions?

Plug Power was most active in 2021, with 2 acquisitions completed in that year.

List of 8 Acquisitions by Plug Power (Apr 2026)

Plug Power has made a total of 8 acquisitions. Peak acquisition activity occurred in 2021 and 2020, each with 2 acquisitions, followed by 2022 with 1 acquisition. These efforts have spanned 3 countries: United States (5 acquisitions), Canada (2 acquisitions), and Netherlands (1 acquisition). Acquisitions involved 4 distinct sectors, including Energy Storage (3 acquisitions), Drones (1 acquisition), and Energy Storage Tech (1 acquisition). Over the last five years (2020-2025), the average number of acquisitions per year was 0.6, with 0 completed in the current calendar year. The most recent acquisition was Joule Processing in 2022, a Houston-based provider of energy efficiency services founded in 2009.

Here's the year on year acquisition history of Plug Power:

Number of Total Acquisitions

Year	# Acquisitions
2022	1
2021	2
2020	2
2019	1
2018	1
2007	1

View all Acquisitions by Plug Power

Recent acquisitions by Plug Power

Plug Power's most recent acquisition - Joule Processing is a Provider of energy efficiency services, founded in 2009 and located in Houston. Plug Power acquired it in January 2022 for a price of $*****.

Here is the list of all acquisitions by Plug Power sorted by the latest acquisition date:

Acquired on	Acquired Company	Acquisition Price	Facilitators	Stake Acquired	Acquisition Multiple
Jan 2022	Joule Processing	zgqh	rloh	14	630
Nov 09, 2021	Frames	rkzk	pcbv	52	659
Oct 14, 2021	ACT	lthz	nghf	56	606
Jun 23, 2020	Giner ELX	qqlw	y{el	83	792
May 07, 2020	United Hydrogen	o{oo	fleg	97	480