And far from being confined to the U.S., Plug Power continues to win contracts in Europe, which still has a significant lead over the U.S. in terms of its hydrogen infrastructure. Like Plug Power, Bloom Energy is benefiting from the Inflation Reduction Act, and the company has seen a significant increase in revenue whether you measure it on a quarterly or year-over-year basis. PLUG Plug Power $10.82 BE Bloom Energy $17.34 HJEN Direxion Hydrogen ETF $14.09 Plug Power (PLUG) Source: Wirestock Creators / Shutterstock.com In terms of green hydrogen, there isn’t a much better pure-play than Plug Power (NASDAQ:PLUG).