Plug Power Inc
Plug Power's GHG Emissions Data Preview
In 2023, Plug Power completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Plug Power has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Plug Power’s Greenhouse Gas (GHG) Emissions Data
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Insights into Plug Power's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Plug Power amounted to 26,273 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Plug Power decreased by 8.02%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Plug Power's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Plug Power's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Plug Power were 10,180 metric tons of CO₂ equivalent (tCO₂e). a
Has Plug Power reduced its Scope 1 emissions over time?
Since 2021, Plug Power's Scope 1 emissions have increased by 179.59%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Plug Power's Scope 1 emissions increased by 20.85%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Plug Power's Scope 2 emissions?
In 2023, Plug Power reported Scope 2 greenhouse gas (GHG) emissions of 16,093 tCO₂e without specifying the calculation method. a
Has Plug Power reduced its Scope 2 emissions over time?
Since 2021, Plug Power's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have remained relatively stable, indicating that Plug Power 's emissions have plateaued with no significant change in its energy consumption footprint. a
Compared to the previous year (2022), Plug Power's Scope 2 emissions (Unspecified Calculation Method) fell by 20.1% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Plug Power use for Scope 2 reporting?
In 2023, Plug Power reported its Scope 2 emissions using an unspecified methodology. a
Plug Power's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Plug Power’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Plug Power reported Scope 1 greenhouse gas (GHG) emissions of 10,180 tCO₂e and total revenues of USD 891 millions. This translates into an emissions intensity of 11.42 tCO₂e per millions USD. a
Plug Power's Scope 1 Emissions Intensity Compared to Peers
How does Plug Power's GHG emissions intensity compare to its peers?
In 2023, Plug Power reported a Scope 1 emissions intensity of 11.42 tCO₂e per millions USD. Compared to the peer group median of 16.15 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Plug Power rank on GHG emissions intensity within its industry?
In 2023, Plug Power ranked 10 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Plug Power is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a