Slide 1: Green Bond Framework
Green Bond Framework May 2020 Copyright 2020, Plug Power Inc.
Slide 2: Summary of Green Bond Framework
Summary of Green Bond Framework Section 1 Introduction Section 2 Plug Power Overview Section 3 Use of Proceeds Section 4 Project Evaluation and Selection Section 5 Management of Proceeds Section 6 Reporting 2
Slide 3: Introduction: Plug Power is Building the Green Hydrogen Economy
Introduction: Plug Power is Building the Green Hydrogen Economy • Plug Power is a Delaware corporation headquartered in Latham, New York • Listed on The NASDAQ Stock Market, Plug Power is a member of several benchmarks, including the Russell 2000 Index, NASDAQ Composite Index, the NASDAQ Clean Edge
Slide 4: Plug Power Overview: Leader in Hydrogen and Fuel Cell Technology
Plug Power Overview: Leader in Hydrogen and Fuel Cell Technology Key Performance Characteristics Cumulative Hybrid Fuel Cell Units Installed (1) 35,000 1st to create a market for HFC technology 32,000 30,000 30,000 Strong patent portfolio and proprietary know-how 24,800 25,000 ® 44 trademarks 20,000
Slide 5: Plug Power Overview: Product and Service Solutions
Plug Power Overview: Product and Service Solutions Complete Turnkey Solution Fuel Cell Technology Fuel Cells for Stationary Applications Hybrid Fuel Cell Solutions for Forklifts Fuel Cell Stacks and Systems • 10,000+ units in the field worldwide • ~32,000 units in the field • High-power, air-cooled,
Slide 6: Plug Power Overview: Leader in Hydrogen Fueling Networks
Plug Power Overview: Leader in Hydrogen Fueling Networks Hydrogen Infrastructure and Fuel Consumption: 2013 - 2019 Hydrogen Infrastructure Footprint: To Date (# Fueling Stations) (TPD H2 Consumed) 90 25 80 70 20 60 15 50 40 10 30 LHY Plant Customer A Customer B Other Customers 20 5 80+ fueling stati
Slide 7: Plug Power Overview: Market Opportunity
Plug Power Overview: Market Opportunity Material Handling Electric Vehicles Stationary Power Hydrogen Economy $30Bn $300Bn $15Bn $2.5Tn Target addressable market Target addressable market Target addressable market Target addressable market Plug Power Today Long-term Growth Trajectory Forklifts • Mor
Slide 8: Plug Power Overview: Blue Chip Customers
Plug Power Overview: Blue Chip Customers Multi-site Customer 8
Slide 9: Use of Proceeds
Use of Proceeds Plug Power will use the proceeds for strategic initiatives, general corporate purposes, and a portion to refinance the existing 5.5% convertible notes due 2023. Plug’s strategic initiatives this Green Bond will help fund include: Investing in our green hydrogen strategy, including
Slide 10: Project Evaluation and Selection
Project Evaluation and Selection Annually, the executive team presents a plan to the Board of Directors for the forth coming fiscal year including proposed capital expenditures and incremental resource investments. These plans correlate to ongoing key strategies and actions to further the Company’
Slide 11: Management of Proceeds
Management of Proceeds Plug Power Executive and Finance teams will track the allocation of proceeds to eligible green projects Plug Power intends to allocate the proceeds from the Green Convertible Bonds consistent with the use of proceeds criteria and evaluation and selection process presented
Slide 12: Reporting
Reporting Plug Power intends to keep investors and other stakeholders updated on the allocation of proceeds in accordance with the Internal Capital Markets Association ICMA Green Bond Principles During the term of the Notes, we will report discrete expenditures like acquisitions, capex and other
Slide 13: Summary of Green Bond Mechanics and Reporting
Summary of Green Bond Mechanics and Reporting • Annually, the executive team presents a plan to the Board of Directors for the forthcoming fiscal year including proposed capital Project Evaluation expenditures and incremental resource investments. These plans correlate to ongoing key strategies and
Slide 14: Cautionary Note on Forward Looking Statements
Cautionary Note on Forward Looking Statements This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power, including but not limited to statements about Plug Powe
Slide 15: Corporate Headquarters
Corporate Headquarters 968 Albany Shaker Road, Latham, NY 12110 plugpower.com