Plug Power announces Jonathan Silver to its Board of Directors

– USA, NY – Plug Power Inc. (NASDAQ:PLUG), a leading provider of energy solutions that change the way the world moves, today announced that prominent clean technology investor and advisor Jonathan Silver will join its board of directors.

“Jonathan is a strong addition to Plug Power’s board,” said Andy Marsh, CEO, Plug Power. “As the former head of the federal government’s clean energy investment efforts, he has unique electric vehicle market expertise. His current work managing renewable energy investment programs for large companies will provide valuable insights to help us bolster Plug Power’s position within the broader markets for hydrogen and fuel cells.”

Silver brings to the board over a decade of experience financing some of the country’s most innovative renewable energy projects, as well as advanced automotive technology that helped launch leading electric vehicle platforms including Tesla and the Nissan Leaf. At the U.S. Department of Energy, Silver led both the federal government’s $40 billion clean energy investment fund and its $20 billion electric vehicle fund — two of the largest clean energy investment funds in the world.

Today, Silver is the Managing Partner of Tax Equity Advisors LLC, an advisory firm managing over $400 million of investments in solar power projects on behalf of large corporations. Earlier, he was Managing Partner of a venture capital firm, COO of hedge fund Tiger Management and he began his career at McKinsey and Company. In addition, Silver serves, or has served, on the boards of Resources for the Future, American Forests, the Wind Energy Foundation, and the Solar Electric Light Fund, which promotes solar electrification in developing countries.

“Hydrogen fuel cells will play an important role in reducing our society’s reliance on fossil fuels,” said Silver. “Plug Power is the leading company in this rapidly growing sector and has already successfully introduced several generations of this critical technology. I look forward to working with the impressive Plug Power leadership team to continue to build on this success.”

About Plug Power Inc.

The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. The Company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, Plug Power replaces lead acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers.

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