Plug Power Inc. (PLUG) Presents at Wolfe Research Utilities, Midstream & Clean Energy Conference Transcript

Plug Power Inc. (NASDAQ:PLUG) Wolfe Research Utilities, Midstream & Clean Energy Conference October 1, 2024 8:50 AM ET

Company Participants

Julian Nebreda – CEO of Fluence
John Berger – CEO of Sunnova
Jose Luis Crespo – General Manager of Fuel Cell Applications

Conference Call Participants

Unidentified Analyst

On to our next panel, continuing on the Clean Theme. This morning we have some of the kind of key leaders in the Clean Energy Space. I will finish with the mics here first.

So to my left, Julian Nebreda, who is the CEO of Fluence. And then we have got John Berger, CEO of Sunnova, to his left. And then to his left, from Plug Power, Jose Luis Crespo, who is the General Manager of Fuel Cell Applications.

So, thank you, gentlemen, for joining us this morning. And maybe to start off, if each of you could briefly give a brief snapshot of your company, brief snapshot of the investment case, and then we’ll open it up for more discussion.

Julian Nebreda

Fluence Energy, we’re a battery storage company. We provide battery solutions in front of the meter, utility scales in front of the meter. We are essentially a technology company that provides solutions to our customers.

I think our investment case is a great opportunity of the battery storage market. This market exploded, the technology has matured in a way that has allowed that today regulators globally and customers globally are using this technology efficiently and economically. And the market is in a very, very good position.

We have seen a significant reduction in cost that the more and more business cases are standing up, and we have seen that tremendous demand. And we are in a very unique position with that offering of domestic content in the U.S. and a de-risk solution outside