Segment and Geographic Area Reporting

9 Months Ended

Sep. 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				Nine months ended				As of
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023		September 30, 2024		December 31, 2023
North America	$	107,798	$	156,645	$	326,647	$	557,644	$	1,923,649	$	1,881,315
Europe		50,958		34,097		80,714		86,367		162,748		122,489
Asia		11,155		3,128		20,334		12,746		143		—
Other		3,819		4,841		9,649		12,422		3,710		884
Total	$	173,730	$	198,711	$	437,344	$	669,179	$	2,090,250	$	2,004,688