Plug Continues to Make Substantial Advancement in Hydrogen Generation Buildout ( www.ir.plugpower.com )

Having already achieved nameplate capacity at Georgia and Tennessee with Louisiana on track to achieve mechanical completion by end of Q3 2024 Recalibrated hydrogen pricing continues to make solid progress, underscoring strategic nature of Plug’s customer relationships These initiatives are in line with the company’s previously articulated goals of margin expansion and focus on cash burn reduction LATHAM, N.Y., April 23, 2024 (GLOBE NEWSWIRE) - Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has reached nameplate capacity at the company’s hydrogen plants in Georgia and Tennessee. With this increased supply from our hydrogen production network, Plug will benefit from a lower cost of hydrogen, a crucial step in the company’s roadmap to achieve profitable growth. This is headlined by the company’s first green hydrogen plant in Georgia already reaching nameplate capacity of 15 tons per day (TPD) of liquid hydrogen