According to the Smart Finance app, on Thursday, Plug Power (PLUG.US) announced an equipment leasing platform aimed at raising over $0.15 billion in the medium term by leveraging its equipment assets and providing equipment financing solutions for its customers to support equipment sales growth. After the announcement, the stock rose nearly 6% as of press time.

As a first step in the collaboration, Plug Power has announced three sales and leaseback transactions with GTL Leasing worth approximately $44 million, including various gas and cryogenic assets such as trailers and tanks for hydrogen transportation and storage. The company stated that these transactions allow it to continue to acquire critical hydrogen equipment while strengthening its financial position.