v3.23.3
Segment Reporting
9 Months Ended
Sep. 30, 2023
Segment Reporting  
Segment Reporting

22. Segment Reporting

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Our organization is managed from a sales perspective on the basis of “go-to-market” sales channels, emphasizing shared learning across end user applications and common supplier/vendor relationships. These sales channels are structured to serve a range of customers for our products and services. As a result of this structure, we concluded that we have one operating and reportable segment — the design, development and sale of fuel cells and hydrogen producing equipment. Our chief executive officer was identified as the chief operating decision maker (CODM). All significant operating decisions made by management are largely based upon the analysis of Plug Power Inc. on a total company basis.

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The revenue and long-lived assets based on geographic location are as follows (in thousands):

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Revenues

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Revenues

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Long-Lived Assets as of

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Three Months Ended

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Nine Months Ended

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September 30, 2023

    

September 30, 2022

    

September 30, 2023

    

September 30, 2022

    

September 30, 2023

    

December 31, 2022

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North America

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$

156,645

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$

157,426

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$

557,644

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$

385,620

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$

1,721,516

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$

1,209,900

Europe

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34,097

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15,582

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86,367

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51,390

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95,670

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13,215

Asia

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3,128

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13,528

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12,746

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36,219

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—

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—

Other

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4,841

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2,092

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12,422

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7,469

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3,428

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—

Total

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$

198,711

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$

188,628

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$

669,179

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$

480,698

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$

1,820,614

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$

1,223,115

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