Plug Power Q3 2026 net cash usage falls to approximately $28 million on preliminary estimates
PLUG•Plug Power’s preliminary third-quarter net cash usage was approximately $28 million, with cash and equivalents of approximately $134 million; Orica ordered a 50 MW electrolyzer for Australia’s Hunter Valley Hydrogen Hub.
1. Preliminary cash figures
Plug Power said preliminary third-quarter 2026 net cash usage fell to approximately $28 million, while cash and cash equivalents totaled approximately $134 million. The company said gross margin improved over the past two quarters and expects further year-over-year improvement in the third quarter.
2. Electrolyzer order
Orica placed an order for a 50 MW GenEco electrolyzer for Australia’s Hunter Valley Hydrogen Hub following the project’s final investment decision.
