Plug Power Inc., a global leader in comprehensive hydrogen solutions, has announced the initial closing of a $525 million secured term loan facility with Yorkville Advisors to support its green hydrogen network expansion. The company drew an initial tranche of $210 million from the facility and retired $82.5 million of an existing convertible debenture, reducing potential dilution. This move enhances Plug's liquidity position and provides additional financial flexibility as it continues to scale its operations and strive towards profitability. Plug's CEO, Andy Marsh, expressed appreciation for the confidence Yorkville Advisors has shown in the company's long-term vision. The financing is deemed crucial to support Plug's strategic priorities in 2025 and beyond. Plug Power Inc. aims to build the global hydrogen economy through an integrated ecosystem covering production, storage, delivery, and power generation. The company offers electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to various industries, contributing to energy independence and decarbonization. With a significant presence globally, Plug leads in hydrogen production and has deployed numerous fuel cell systems and fueling stations. The company is rapidly expanding its generation network to ensure a reliable and domestically produced hydrogen supply. Plug Power Inc. plans to provide more insights into this financing and strategic direction during its upcoming first quarter 2025 earnings call, scheduled for May 12, 2025.