Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents		$ 295,844	$ 205,693
Restricted cash		196,059	198,008
Accounts receivable, net of allowance of $37,753 as of March 31, 2025 and $37,712 as of December 31, 2024		144,953	157,244
Inventory, net		693,472	682,642
Contract assets		91,518	94,052
Prepaid expenses, tax credits, and other current assets		112,068	139,845
Total current assets		1,533,914	1,477,484
Restricted cash		584,708	637,008
Property, plant, and equipment, net		879,850	866,329
Right of use assets related to finance leases, net		50,720	51,822
Right of use assets related to operating leases, net		216,463	218,081
Equipment related to power purchase agreements and fuel delivered to customers, net		151,282	144,072
Contract assets		23,842	23,963
Intangible assets, net		82,777	84,660
Investments in non-consolidated entities and non-marketable equity securities		85,095	85,494
Other assets		24,755	13,933
Total assets	[1]	3,633,406	3,602,846
Current liabilities:
Accounts payable		191,611	180,966
Accrued expenses		128,857	103,145
Deferred revenue and other contract liabilities		137,566	144,093
Operating lease liabilities		75,475	71,250
Finance lease liabilities		14,094	12,802
Finance obligations		83,015	83,129
Current portion of convertible debt instruments, net		58,384	58,273
Current portion of long-term debt		941	946
Contingent consideration, loss accrual for service contracts, and other current liabilities		98,442	93,885
Total current liabilities		788,385	748,489
Deferred revenue and other contract liabilities		43,362	58,532
Operating lease liabilities		231,023	242,148
Finance lease liabilities		19,086	22,778
Finance obligations		247,733	264,318
Convertible debt instruments, net (of which $108,650 are measured at fair value as of March 31, 2025 and $173,150 measured at fair value as of December 31, 2024)		255,277	321,060
Long-term debt		1,697	1,932
Contingent consideration, loss accrual for service contracts, and other liabilities		114,256	135,833
Total liabilities	[1]	1,700,819	1,795,090
Stockholders' equity:
Common stock, $.01 par value per share; 1,500,000,000 shares authorized; Issued (including shares in treasury): 997,610,738 as of March 31, 2025 and 934,126,897 as of December 31, 2024		9,977	9,342
Additional paid-in capital		8,752,399	8,430,537
Accumulated other comprehensive loss		(5,231)	(2,502)
Accumulated deficit		(6,791,101)	(6,594,445)
Less common stock in treasury: 20,257,070 as of March 31, 2025 and 20,230,043 as of December 31, 2024		(108,844)	(108,795)
Total Plug Power Inc. stockholders' equity		1,857,200	1,734,137
Non-controlling interest	[1]	75,387	73,619
Total stockholders' equity		1,932,587	1,807,756
Total liabilities and stockholders' equity		$ 3,633,406	$ 3,602,846

[1] Includes balances associated with a consolidated variable interest entity (“VIE”), including amounts reflected in “total assets” that can only be used to settle obligations of the VIE of $156,341 and $148,605 as of March 31, 2025 and December 31, 2024, respectively, as well as liabilities of the VIE reflected within “total liabilities” for which creditors do not have recourse to the general credit of Plug Power Inc. of $5,566 and $1,367 as of March 31, 2025 and December 31, 2024, respectively. Refer to Note 20, “Variable Interest Entities”, for additional information.