Andy Marsh joined Plug as President and CEO in April 2008. Under his leadership, Plug is a leading innovator in the renewable energy field, helping to create the first commercially viable market for green hydrogen and fuel cell (HFC) technology. After successful endeavors to commercialize HFC technology in the material handling industry, customers such as Amazon and Walmart, turned to Plug to develop world-class hydrogen solutions that solve every step of operations, which led Plug to build an end-to-end green hydrogen ecosystem. With the ecosystem, Plug provides production, storage and handling, delivery, transportation and dispensing of hydrogen to allow its customers to meet their business goals and decarbonize the economy.
As President and CEO, Mr. Marsh plans and directs all aspects of the company’s goals and objectives, and is focused on building a company that leverages Plug’s combination of technological expertise, talented people and focus on sales growth to continue the company’s leadership stance in the future energy economy. Under his leadership, Plug’s revenue increased by more than 296% since 2012 and has landed Plug on Deloitte’s Technology Fast 500TM list in both 2015 and 2016.
Previously, Mr. Marsh was a co-founder of Valere Power, where he served as CEO and Board Member from the company’s inception in 2001 and through its sale to Eltek ASA in 2007. During his leadership, Valere grew into a profitable global operation with more than 200 employees and $90 million in revenue derived from the sale of DC power products to the telecommunications sector. Also during Mr. Marsh’s tenure, Valere Power received many awards such as the Tech Titan award as the fastest growing technology company in the Dallas Fort Worth area and the Red Herring Top 100 Innovator Award. Prior to founding Valere, he spent almost 18 years with Lucent Bell Laboratories in a variety of sales and technical management positions.
Mr. Marsh is chairman of the Fuel Cell and Hydrogen Energy Association and a member of the Hydrogen Council. He holds a master’s in electrical engineering from Duke University and a master’s in business administration from SMU.