Plug Receives Industry Certification for its High-Powered Stationary System

Third-Party Validation Will Fast Track Implementation of Back-Up Power, EV Charging and Prime Power Solutions for Customers

LATHAM, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured industry certification for its one MW (megawatt) high-powered stationary system.

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Plug achieved certification of its high-powered stationary system to the American National Standards Institute/CSA Group’s FC 1-2021 standard covering the safe operation, performance, and construction of stationary fuel cell power systems.

Plug’s stationary systems provide a zero-emission solution, reliable power where and when needed. Whether for backup, intermittent, or continuous power, these systems provide energy resiliency and independence so business operations can continue to run seamlessly.

Supported by this industry-leading third-party certification, customers ranging from hyperscale data centers and fleet EV (electric vehicle) charging stations in grid-constrained areas to microgrid applications powering local grids during PSPS (public safety power shutoff) events can now fast track implementation of Plug’s high-powered stationary system.

“We are pleased to have achieved this important certification and look forward to supporting the decarbonization goals of power producers,” noted Plug CEO Andy Marsh. “This certification marks another key milestone in the build-out of our stationary power solutions, expected to drive significant demand for our green hydrogen.”

In the build-out of the stationary power market, Plug has generated significant momentum as follows:

• Backup power for hyperscale data centers requiring tens to hundreds of MWs: Plug entered this market with a zero-emission 3 MW unit backup system for Microsoft.

• Powering microgrids: Plug is working with Energy Vault on a first-of-a-kind application supporting the state of California’s PSPS initiative with a zero-emission plant.

• Powering EV fleets where the grid is unavailable or too costly: Plug installed a 2 MW unit for charging over 200 fleet vehicles at a customer site.

With this certification, Plug will continue to expand its high-power stationary system, positioned for significant growth potential in clean Peaker plant operations. Hydrogen’s scalability and extended duration capabilities make it pivotal in addressing the demands for this sizeable market.

For more information about Plug’s stationary power solutions, please visit Plug Power.

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.