Plug Continues to Make Substantial Advancement in Hydrogen Generation Buildout - Seite 3

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Plug Power Safe Harbor Statement

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. (“PLUG”), including but not limited to, statements about: any hydrogen production plant being at nameplate capacity; this Georgia Plant reaching full production capacity of 15 TPD; this Georgia plant ensuring consistent delivery of green hydrogen to power the equivalent of 15,000 forklifts per day across North America; Plug’s ability to expand and scale hydrogen production throughout North America and around the globe; this Georgia Plant representing a significant advancement in the hydrogen industry for making cost-effective green hydrogen at scale; this hydrogen production milestone being critical in building out Plug’s North America’s green hydrogen network; Plug doing work on other U.S.-based hydrogen generation plants; Plug’s hydrogen activity aiding in cash burn reduction; Plug achieving goals of cash burn reduction in Q2 2024; this increase of hydrogen supply leading to lower cost hydrogen and in turn achieving profitable growth; the recalibration of hydrogen pricing enhancing both cash flow and margin; Plug’s commitment to enhancing its liquid green hydrogen production capabilities across the U.S.; and Plug’s plans of developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2023 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.