Plug Power secures DOE loan guarantee up to $1.66B; initial $387.6M for Texas hydrogen plant

PLUG POWER INC

DOE loan guarantee of up to $1.66B to finance up to six green hydrogen production facilities.
Initial advance of $387.6M for Limestone Project in Young County, Texas, plus up to $26.8M capitalized interest.
Maturity March 5, 2043; quarterly payments start June 5, 2028; rate = U.S. Treasury rate + 2%.
Loan is full recourse, secured by borrower's assets, including intellectual property.
Advances subject to technical, financial, and regulatory conditions precedent.

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