Segment and Geographic Area Reporting

6 Months Ended

Jun. 30, 2024

Segment and Geographic Area Reporting

Segment and Geographic Area Reporting

21. 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 Power Inc. 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				Revenues				Long-Lived Assets
	Three months ended				Six months ended				As of
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023		June 30, 2024		December 31, 2023
North America	$	113,113	$	235,521	$	218,849	$	397,327	$	1,903,747	$	1,881,315
Europe		21,182		12,143		29,756		52,259		151,268		122,489
Asia		4,112		5,998		9,179		9,280		—		—
Other		4,943		6,520		5,830		11,602		2,854		884
Total	$	143,350	$	260,182	$	263,614	$	470,468	$	2,057,869	$	2,004,688