---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-020476"
form_type: "8-K"
ticker: "PLUG"
cik: "0001093691"
company_name: "PLUG POWER INC"
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:23:45.320537+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Plug Power signs $132.5M-$142M asset sale to Stream Data Centers, first step of $275M liquidity plan

## Summary
- Sale of Project Gateway site in New York for gross proceeds of at least $132.5M, up to $142M depending on conditions; $6M deposit from Stream.
- Part of a $275M+ liquidity initiative through asset monetization, restricted cash release, and reduced maintenance expenses.
- Transaction expected to close by June 30, 2026, subject to customary closing conditions.
- Two additional optimization initiatives expected in 2026 to complete the $275M total.
- Plug focuses on hydrogen production and fuel cell deployment; Stream to develop hyperscale data center at STAMP park.

## SEC filing metadata
- accession: 0001104659-26-020476
- form_type: 8-K
- ticker: PLUG
- cik: 0001093691
- company_name: PLUG POWER INC
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093691/000110465926020476/0001104659-26-020476-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093691/000110465926020476/tm267395d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-020476
- JSON: https://secwatch.observer/filing/0001104659-26-020476.json
- Plain text: https://secwatch.observer/filing/0001104659-26-020476.txt

## Key facts
- Material Agreements
  PLUG POWER INC entered into Purchase and Sale Agreement and Joint Escrow Instructions with Stream US Data Centers, LLC valued at between $132.5 million and $142.0 million (effective 2026-02-24).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Stream US Data Centers, LLC
  - Value: between $132.5 million and $142.0 million
  - Effective: 2026-02-24
  source text: On February 24, 2026, Plug Power Inc., a Delaware corporation, and its wholly owned subsidiary, Plug Project Holding Co., LLC, a Delaware limited liability company (together with Plug Power Inc., the “Company”), entered into a Purchase and Sale Agreement and Joint Escrow Instructions (the “Agreement”) with Stream US Data Centers, LLC, a Texas limited liability company (“Purchaser”), pursuant to which the Company agreed to sell to Purchaser certain real property and related assets located in the Town of Alabama, Genesee County, New York (the “Property”). The Company will be entitled to receive a purchase price ranging between $132.5 million and $142.0 million, depending on the timing of closing and the removal status of certain hydrogen storage spheres located on the Property.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093691/000110465926020476/0001104659-26-020476-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.