Jun. 21 at 4:38 AM
$PLU
COLLABORATIONS (PART 3)
TIME & COST TO RETROFIT
Plug Power will need to retrofit its production line to use VSParticle's ultra-low iridium technology. The JM partnership does not eliminate that need, because JM and VSP operate at different layers. However, the good news is: THE RETROFIT IS MUCH SMALLER, CHEAPER, AND FASTER THAN MOST PEOPLE EXPECT.
If Plug licenses VSP’s technology to JM, JM will incur the lion’s share of the cost of manufacturing ultra-low-iridium CCMs and deliver the finished product to Plug. In such a scenario Plug buys the finished CCMs from JM which would mean “NO RETROFIT EXPENSE REQUIRED AND TIME TO TRANSITION EXTREMELY SHORT ”. However, Plug will need new curing, QA/ inspection, and uniformity protocols.
VSParticle stated it expects OEM pilot and commercial scale production capability by the end of 2026.