Who owns GenDrive?
GenDrive is owned by Plug Power (the United States, NASDAQ: PLUG).[1]
Evidence: Plug Power Inc. Annual Report on Form 10-K filed 2026-03-02, SEC EDGAR, 2 March 2026. Verified from filings; last checked .
Key facts
- Current owner
- Plug Power Inc. verified
- Owner HQ
- 🇺🇸 United States, Slingerlands
- Origin
- 🇺🇸 United States
- Category
- Energy › Renewables & clean energy › Hydrogen & fuel cells
- Parent ticker
- NASDAQ: PLUG
- Last verified
- · 1 sources
About GenDrive
GenDrive is Plug's hydrogen PEM fuel cell system for material handling electric vehicles such as forklifts, automated guided vehicles and ground support equipment, according to its 2025 Form 10-K.
What Plug Power's annual report says about GenDrive
Sentences about GenDrive from Plug Power's latest annual filing[1], copied word for word.
Our current product and service portfolio includes: GenDrive: GenDrive is our hydrogen fueled PEM fuel cell system, providing power to material handling EVs, including Class 1, 2, 3 and 6 electric forklifts, automated guided vehicles, and ground support equipment.
We certified several models of class 1, 2, and 3 GenDrive products to the requirements of the CE mark with guidance from a European certified body.
How often Plug Power names GenDrive in its annual report
A plain count of the times the name appears in the text of each annual report, not counting the start of a sentence. A brand that an owner writes about more is usually one it treats as central. The brand is named less often than it was three years earlier.
Ownership timeline of GenDrive
- Current owner Plug Power [1] verified
Where GenDrive sits in Plug Power
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Plug Power ownership tree →
See the full Plug Power brand portfolio (3) →
Other brands owned by Plug Power
Plug Power controls 3 brands on Brandtree, 3 of them in energy.
Also in energy
Other brands in hydrogen & fuel cells, and who owns them
Plug Power has more brands in hydrogen & fuel cells on Brandtree than any other owner: 3 of 7.
| Brand | Owner | Owner based in |
|---|---|---|
| Cavendish Hydrogen | Cavendish Hydrogen | 🇩🇰 Denmark |
| Ceres Power | Ceres Power | 🇬🇧 United Kingdom |
| Nel Hydrogen | Nel | 🇳🇴 Norway |
| Westport | Westport | 🇨🇦 Canada |
About the owner: Plug Power
Plug Power is a publicly listed company headquartered in Slingerlands, United States. Brandtree records 3 brands under its control, and it is listed as NASDAQ: PLUG.
Plug Power's 2025 Form 10-K lists its product portfolio as GenDrive fuel cell systems, GenFuel hydrogen fuelling and storage, GenCare service, GenKey turnkey solutions and GenEco electrolyzers. It trades on the Nasdaq Capital Market as PLUG and has its address in Slingerlands, New York.
🇺🇸 GenDrive and other American brands
Brandtree records a controlling owner for 2,399 brands that began in the United States. 461 of them (19%) are now controlled by a company headquartered in another country; GenDrive is not one of them.
- AES Ohio — AES 🇺🇸
- Agway Energy Services — Suburban Propane 🇺🇸
- Alabama Power — Southern Company 🇺🇸
- AmeriGas — UGI 🇺🇸
- American Transmission Company — WEC Energy Group 🇺🇸
- Arch Resources — Core Natural Resources 🇺🇸
Frequently asked questions
Who is the parent company of GenDrive?
The parent company of GenDrive is Plug Power, a publicly listed company headquartered in the United States.
Is GenDrive American?
Yes. GenDrive originated in the United States and its owner, Plug Power, is also headquartered in the United States.
Is GenDrive still owned by Plug Power?
Yes. As of 10 October 2026, GenDrive is still owned by Plug Power. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Plug Power Inc. Annual Report on Form 10-K filed 2026-03-02 — SEC EDGAR, SEC Form 10-K, published 2 March 2026; retrieved 5 October 2026.
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