Segment and Geographic Area Reporting

12 Months Ended

Dec. 31, 2023

Segment and Geographic Area Reporting

Segment and Geographic Area Reporting

22. Segment and Geographic Area Reporting

Our organization is managed from a sales perspective based on “go-to-market” sales channels, emphasizing shared learning across end-user applications and common supplier/vendor relationships. These sales channels are structured to serve a range of customers for our products and services. As a result of this structure, we concluded that we have one operating and reportable segment — the design, development and sale of hydrogen products and solutions that help customers meet their business goals while decarbonizing their operations. Our chief executive officer was identified as the chief operating decision maker (CODM). All significant operating decisions made by management are largely based upon the analysis of Plug on a total company basis, including assessments related to our incentive compensation plans.

The revenue and long-lived assets based on geographic location are as follows (in thousands):

	Revenues							Long-Lived Assets
		Year ended December 31,						As of December 31,
		2023		2022		2021		2023		2022
North America		$	751,421	$	579,218	$	476,246	$	1,881,315	$	1,209,900
Europe			112,892		46,033		20,814		122,489		13,215
Asia			13,937		50,498		718		—		—
Other			13,090		25,691		4,564		884		—
Total		$	891,340	$	701,440	$	502,342	$	2,004,688	$	1,223,115