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Subsequent Events
12 Months Ended
Dec. 31, 2021
Subsequent Events  
Subsequent Events

24. Subsequent Events

On January 14, 2022, Company and its wholly-owned subsidiary Plug Power Hydrogen Holdings, Inc. simultaneously entered into a definitive agreement and  closed on the acquisition of Joule Processing LLC (“Joule”) for a purchase price of approximately $160 million, of which $130 million will be based on future earnouts over the next four years. Joule is an engineered modular equipment, process design and procurement company founded in 2009 with a strong track record among the largest midstream, EPC and oil & gas companies.

On January 30, 2022, Plug Power Inc. entered into a binding term sheet to create a joint venture with Fortescue Future Industries Pty Ltd.