Plug Power to install hydrogen generators under grant program

Jan. 18, 2005 — Plug Power Inc. (Nasdaq: PLUG) of Latham, N.Y., announced it intends to install a pair of GenSite hydrogen generators under two recently awarded programs sponsored by the New York State Energy Research and Development Authority.

Under the first program, Plug Power will partner with award winner American Honda Motor Co. Inc., Air Products and Chemicals Inc. and Homeland Energy to provide the refueling infrastructure necessary for fuel cell vehicles, including two Honda FCXs recently leased by the State of New York.

The program calls for Plug Power to install a GenSite hydrogen generator at the company’s Latham location capable of directly fueling fuel cell vehicles and the Air Product’s HF-150 mobile refueler which will be located at the State’s Harriman Campus in Albany, N.Y.

As part of the second project, Plug Power will partner with Albany NanoTech to integrate a GenSite system into the existing hydrogen infrastructure. The NanoTech Center uses hydrogen in research and development of semiconductors.

Plug Power and project partners expect the hydrogen generators to be installed later this year once final contract negotiations are complete.


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