v3.24.2.u1
Segment and Geographic Area Reporting
6 Months Ended
Jun. 30, 2024
Segment and Geographic Area Reporting  
Segment and Geographic Area Reporting

21. Segment and Geographic Area Reporting

​

Our organization is managed from a sales perspective based on “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 hydrogen products and solutions that help customers meet their business goals while decarbonizing their operations. 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, including assessments related to our incentive compensation plans.

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenues

​

Revenues

​

Long-Lived Assets

​

Three months ended

​

Six months ended

​

As of

​

June 30, 2024

​

June 30, 2023

​

June 30, 2024

​

June 30, 2023

​

June 30, 2024

​

December 31, 2023

North America

$

113,113

​

$

235,521

​

$

218,849

​

$

397,327

​

$

1,903,747

​

$

1,881,315

Europe

​

21,182

​

​

12,143

​

​

29,756

​

​

52,259

​

​

151,268

​

​

122,489

Asia

​

4,112

​

​

5,998

​

​

9,179

​

​

9,280

​

​

—

​

​

—

Other

​

4,943

​

​

6,520

​

​

5,830

​

​

11,602

​

​

2,854

​

​

884

Total

$

143,350

​

$

260,182

​

$

263,614

​

$

470,468

​

$

2,057,869

​

$

2,004,688

​