The shares are traded on Nasdaq

Davis Polk advised the representative of the several underwriters in connection with the SEC-registered offering of 78,740,157 shares of common stock of Plug Power Inc. for $200 million before underwriting discounts and estimated expenses of the offering. The common stock of Plug Power is listed on the Nasdaq Capital Market under the symbol “PLUG.”

Plug Power 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. Plug Power 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. Plug Power is based in Slingerlands, New York.

The Davis Polk corporate team included partner Richard D. Truesdell Jr., counsel Judah Bareli and associate Courtney Wax. The tax team included counsel Yixuan Long and associate Ted Lee. Counsel Loyti Cheng and associate Shefain Islam provided environmental advice. All members of the Davis Polk team are based in the New York office.

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