Plug Power Announces Completion of Obligations Related to 2023 SEC Settlement

SLINGERLANDS, N.Y., Sept. 5, 2024 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, is pleased to announce that it has satisfied and completed the commitments in connection with the previously announced settlement of a civil administrative proceeding with the U.S. Securities and Exchange Commission (“SEC”) in 2023. On August 30, 2024, the Company certified to the SEC Staff that the Company has completed the commitments set forth in the SEC Settlement, including fully remediating the material weaknesses.

“Plug Power is pleased to have completed the commitments and the SEC settlement,” said Plug CEO Andy Marsh. “We remain committed to ensuring ongoing compliance and governance best practices as we continue to lead the development of the green hydrogen economy.”