Plug Power Awarded $650,000 DOE Contract to Test Hydrogen Fuel Cells in Refrigerated Cargo Trucks

Plug Power Awarded $650,000 DOE Contract to Test Hydrogen Fuel Cells in
Refrigerated Cargo Trucks

Program Will Demonstrate Clean, Cost-Effective Replacement of Diesel Energy in
Refrigerator Units That Chill Perishable and Frozen Foods

LATHAM, N.Y., Aug. 23, 2013 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG),
a leader in providing clean, reliable energy solutions, today announced it has
been awarded a $650,000 contract from the U.S. Department of Energy to
demonstrate the use of hydrogen-based fuel cells to power the refrigeration
units in semi-trailer trucks that transport perishable and frozen foods.

Plug Power was selected by the Fuel Cell Technologies Office within the U.S.
Department of Energy (DOE) Office of Efficiency and Renewable Energy (EERE) to
showcase its fuel cells in transport refrigeration units (TRUs). These units
are large air conditioners that regulate cold temperatures for items such as
frozen pizza, fruits, vegetables, meats, dairy products and other goods that
must be kept chilled or frozen during transport from distribution centers to
retail destinations.

Currently, most of the approximately 300,000 TRUs traversing U.S. highways are
powered by diesel generators. Diesel is costly and produces environmentally
hazardous particulate matter and nitrous oxide (NOx) emissions. A typical TRU
will consume about 10 gallons of diesel per day, and emit roughly101 kg of
carbon dioxide (CO[2]).

By comparison, hydrogen-powered fuel cells emit only a small amount of heat
and water, making them an environmentally friendly alternative energy source.
Fuel cells operate more efficiently, cleanly and quietly, at lower cost than
diesel.

In addition, Plug Power customers that use hydrogen fuel cells to power
material handling forklift trucks will benefit from deployment of fuel cells
in their TRUs, by leveraging the hydrogen infrastructure already in place.
Increased on-site hydrogen consumption would result in lower fuel expenses
overall, due to economies of scale.

"Plug Power's leadership in the material transport industry is generating
interest and development funds for implementation of fuel cells in adjacent
markets," said Andy Marsh, CEO of Plug Power. "This TRU award demonstrates how
Plug Power is now executing on its market expansion strategy to architect fuel
cell solutions across a wider range of opportunities."

Plug Power's TRU fuel cells, which will be based on its GenDrive technology,
will cool Carrier Transicold refrigeration units on trailers delivering
products for a Sysco Corp. distribution center on Long Island in New York.
Each TRU will run for a minimum of 400 hours over the two-year contract
period. Hydrogen will be supplied by Air Products. Researchers at the Pacific
Northwest National Laboratory (PNNL) – a contractor that manages government
programs for the DOE – will oversee the program.

About Plug Power Inc.

The architects of modern fuel cell technology, Plug Power is revolutionizing
the industry with cost-effective power solutions that increase productivity,
lower operating costs and reduce carbon footprints. Long-standing
relationships with industry leaders forged the path for Plug Power's key
accounts, including Walmart, Sysco, P&G and Mercedes. With more than 4,000
GenDrive units deployed to material handling customers, accumulating over 12
million hours of runtime, Plug Power manufactures tomorrow's incumbent power
solutions today. Additional information about Plug Power is available at
www.plugpower.com.

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profitability and if we are unable to secure additional capital, we may need
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ability to raise the necessary capital to fund such costs; the ability to
achieve the forecasted gross margin on the sale of our products; the actual
net cash used for operating expenses may exceed the projected net cash for
operating expenses; the cost and availability of fuel and fueling
infrastructures for our products; market acceptance of our GenDrive systems;
our ability to establish and maintain relationships with third parties with
respect to product development, manufacturing, distribution and servicing and
the supply of key product components; the cost and availability of components
and parts for our products; our ability to develop commercially viable
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to successfully expand our product lines; our ability to improve system
reliability for our GenDrive systems; competitive factors, such as price
competition and competition from other traditional and alternative energy
companies; our ability to protect our intellectual property; the cost of
complying with current and future federal, state and international
governmental regulations; and other risks and uncertainties discussed under
"Item IA—Risk Factors" in Plug Power's annual report on Form 10-K for the
fiscal year ended December 31, 2012, filed with the Securities and Exchange
Commission ("SEC") on April 1, 2013 and as amended on April 30, 2013 and the
reports Plug Power filed from time to time with the SEC. These forward-looking
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not guarantees of future performance. Except as may be required by applicable
law, we do not undertake or intend to update any forward-looking statements
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