Plug Power hosts 2024 Plug Symposium

Plug Power (PLUG) is hosting its sixth annual Plug Symposium at the Company’s Vista headquarters and manufacturing facility in Slingerlands, N.Y. With the theme “Plug Doing Real Things,” this year’s event underscores Plug’s role in driving the global green hydrogen economy, showcasing its comprehensive portfolio of deployed solutions worldwide. In addition, the Plug executive team will lay the groundwork for growth over the next five years. This event features presentations from CEO Andy Marsh and other top executives, as well as panel discussions that underscore Plug’s role in the worldwide green hydrogen economy spanning policy, energy, applications, and technology. 2024 Milestones: Expanded Hydrogen Production: Commissioned a 15 TPD hydrogen plant in Georgia and upgraded a 10 TPD facility in Tennessee, strengthening Plug’s leadership in U.S. green hydrogen production. Record Electrolyzer Deployments: Deployed electrolyzers on five continents, including a 100 MW system for Galp. Major Customer Deliveries: Delivered initial liquid green hydrogen supplies to Walmart, Amazon, and Home Depot, and launched stationary power sites across the U.S. Technological Advancements: Launched next-gen PEM electrolyzers and a mobile refueler, enabling rapid hydrogen deployment for fleet vehicles. Strategic Global Partnerships: Formed key alliances with bp, Iberdrola, and Allied Green Ammonia to expand hydrogen infrastructure worldwide. 2025 and Beyond: As Plug looks toward 2025, the Company remains laser-focused on several key priorities to drive sustainable growth and profitability. Plug’s Energy Business: Targeting ~30% CAGR from 2025 to 2030, with revenue growth expected to be largely driven by its electrolyzer and cryogenic solutions. Plug’s Applications Business: Targeting ~30% CAGR from 2025 to 2030 by expanding middle market opportunities in Material Handling, reaccelerating growth with pedestal customers, and driving sales of the Company’s large-scale stationary product. Plug’s Technology Roadmap: Targeting product improvements in performance, efficiency, and cost by focusing on research, development and design that impacts the commercial strategy and economical viability of the products and supports customers’ use of the products. Plug’s Approach to Policy: Navigating the shifting domestic and global political landscape that is creating both challenges and opportunities for businesses in the clean energy sector and leveraging hydrogen’s unique position in the U.S. political environment with historically bipartisan support for its role in creating jobs, promoting manufacturing competitiveness, and contributing to energy and national security to drive policy changes that are beneficial to the hydrogen industry.