My thoughts on Plug Power's latest deal

Plug Power (NASDAQ:PLUG) has announced it has signed another pivotal deal that impacts my thesis, which you need to be aware of. The company has now signed a multi-year contract with SouthernLINC Wireless, a wholly-owned subsidiary of Southern Company (NYSE:SO), for its ReliOn integrated fuel cell solution and GenFuel hydrogen services. Plug Power will provide ReliOn integrated backup power fuel cell solutions to SouthernLINC Wireless for use in its wireless network, which supports Southern Company's communication needs and provides a wireless communications network for customers. This is just the latest in a series of deals for the company. SouthernLINC reaches about 4.4 million customers in the southeastern United States. Just how many are we talking about? Well, SouthernLINC anticipates deploying as many as 500 new LTE sites utilizing the Plug Power ReliOn integrated solution. This will, of course, include fuel cell systems and bulk refillable hydrogen storage, as well as DC plant rectifiers and distribution, battery technology and space for radio equipment. The actual value of the contract...READ MORE