Plug Power expects >$275M liquidity boost; monetizes electricity rights for data center partnership

PLUG POWER INC

Expects >$275M liquidity improvement from asset monetization, restricted cash release, and expense reductions.
Non-binding LOI to monetize NY electricity rights and partner with U.S. data center developer for backup power.
Will suspend DOE loan program activities, reallocate capital to higher-return hydrogen projects.
New hydrogen supply agreement with global industrial gas leader provides long-term, competitively priced supply.
CEO Andy Marsh says actions strengthen balance sheet and expand reach into high-growth data center market.

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