Energy Company Negotiating $1.6 Billion Loan From Biden Admin Made ‘False and Misleading Statements’ About Its Business Prospects, Lawsuit Says
Plug Power has already raked in $70 million from Biden administration Jigar Shah (energy.gov), hydrogen facility (Plug Power Inc./Twitter) A hydrogen fuel company that raked in over $70 million from the Biden administration—and is negotiating a $1.6 billion federal loan—has been hit with a class action lawsuit from investors who claim that company made “false