The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: William Chapman Peterson - JPMorgan Chase & Co, Research Division - Analyst
: It's good to see the Inflation Reduction Act passed after a couple of head fakes. .
But I wanted to actually follow up on that last question on Europe. We saw the IPCEI Hy2Tech come to EUR 5.4 billion in funding. We
see a lot of logos on there, but not Plug directly, we see a lot of your partners. I guess, is there a path for Plug to directly benefit in
this? So does it entail local manufacturing? I'm just kind of dovetail on that last question, like how does Plug benefit from that? And
what is taking me to do to benefit more?
Question: William Chapman Peterson - JPMorgan Chase & Co, Research Division - Analyst
: Terrific. And the other side of the coin, you did kind of [machinate] about electric cars and stationary as being the first big market. I
believe you're actually seeing some of that later this year as part of the sort of back half weighted. Hoping you can size that opportunity,
I guess, as a run rate actually this year, but more importantly, how does that business look over the next few years, given that it looks
like it's one of the -- it's not the biggest stationary opportunity in the near term, certainly, one of the bigger ones.
Question: Ameet Ishwar Thakkar - BMO Capital Markets Equity Research - Analyst
: Just real quick on the production kind of outlook of 500 tons per day kind of exit rate in 2025. Should we think about all of that as
being kind of in the U.S.? Or is that going to be kind of global? Just kind of thinking about how the PTCs might kind of flow to the
bottom line?
Question: Ameet Ishwar Thakkar - BMO Capital Markets Equity Research - Analyst
: Okay. Super. And then just now that you have a kind of line of sight on the PTC. I think you guys had talked about kind of looking
for offtakers for about 70% of very green hydrogen production, the PTC kind of helps, I guess, seemingly kind of derisk some of this
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AUGUST 09, 2022 / 8:30PM, PLUG.OQ - Q2 2022 Plug Power Inc Earnings Call
as well. Are you guys still thinking about that 70% level? Or would you kind of willing to kind of keep more production for yourselves?
Are you looking to maybe do kind of the opposite and actually ramp up percentage scrap takers?
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