Plug Signs Additional BEDP Contracts for a Total of 4.5GW of Electrolyzers Across Europe and the United States - Seite 2

On top of that, Plug continues to advance on large scale projects, with the execution of a 100MW electrolyzer supply contract for a European refinery, securing over 1.2GW of projects awarded subject to Final Investment Decision (FID), and progressing with the execution of the remaining 4.5GW of BEDP signed to date.

Currently, 50MW of Plug’s electrolyzers have been put into operations, and by the end of this year, Plug is expected be the largest provider of PEM technology operating in the world.

Plug’s electrolyzer technology delivers high purity hydrogen at an operating pressure of 40bar. The integrated approach for the 1MW and 5MW systems yield rapid installation and commissioning, while maximizing value and reducing risk. To learn more about becoming a Plug BEDP customer, contact us at:

https://www.plugpower.com/learn-more-about-plugs-electrolyzer-products ...

About Plug

Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.

With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.

For more information, visit www.plugpower.com.

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: plans to deliver an additional 40 Electrolyzer systems for a cumulated total of 189 MW over the course of 2024; progressing execution of 4.5GW of BEDP signed to date; Plug becoming the largest provider of PEM technology operating in the world; The integrated approach for the 1MW and 5MW Electrolyzer systems yielding rapid installation and commissioning, while maximizing value and reducing risk; Plug 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.