In a surprising move, Plug Power, a leading provider of hydrogen fuel cell technology, has sold a large tract of land to Stream Data Centers, a company specializing in data center development, just as New York state is poised to implement a moratorium on new data center construction. The sale, which was finalized on the eve of the moratorium's enactment, has sparked concerns about the motivations behind the deal and the potential impact on the local community. As New York looks to reduce its carbon footprint and mitigate the strain on its power grid, the data center industry has come under scrutiny, with many questioning the need for new facilities and the environmental costs associated with their operation. With this sale, Plug Power appears to be cashing out just as the data center landscape is shifting in the Empire State.
Plug Power sells land to Stream Data Centers on eve of state data center moratorium WXXI News
