Plug Power sells Texas project for up to $76.5M, amends NY Gateway sale for $142M, expects $80M near-term liquidity

PLUG POWER INC

Texas project sale to Stream: $50M at closing plus up to $26.5M earnout based on 164 MW load capacity; closing expected July 31, 2026.
NY Gateway amendment: purchase price fixed at $142M; $6.5M escrow released to Plug; $10M new deposit; long-stop extended to March 31, 2027.
Preliminary unrestricted cash $162M as of June 30, 2026; combined transactions expected to deliver >$80M near-term incremental liquidity.
Total strategic infrastructure optimization initiative targets >$275M liquidity improvement from asset sales, restricted cash releases, and cost reductions.
Stream and Plug exploring additional opportunities for Plug products in data center industry.

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