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Midas Edge

PLUG POWER INC

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

PLUG$1.50+3.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 2. Properties

The following table sets forth information regarding our principal operating properties and other significant properties as of December 31, 2023, which we use of our single operating segment. In February 2024, we announced a cost-reduction initiative that will include consolidation of operations. In connection with such consolidation, we may terminate some property leases to eliminate redundancies. In general, our operating properties are well maintained, suitably equipped, and in good operating condition:

​​​​​​​​
ContinentLocation​Facility​Size​Ownership Status
North America​​​​​​​
​New York​​​​​​
​Latham​Manufacturing, research and development, and warehousing​111,405 sq ft​Lease
​Rochester​Manufacturing, research and development, and office​155,979 sq ft​Lease
​Latham - 8BA​Corporate offices​51,438 sq ft​Lease
​Latham - 6BA​Office​19,100 sq ft​Lease
​Slingerlands​Manufacturing, warehousing, and office​407,000 sq ft​Lease
​Washington​​​​​​
​Spokane​Manufacturing​46,600 sq ft​Lease
​Massachusetts​​​​​​
​Concord​Manufacturing​33,000 sq ft​Lease
​Ohio​​​​​​
​Dayton​Service center​43,200 sq ft​Lease
​Pennsylvania​​​​​​
​Canonsburg​Office​4,775 sq ft​Lease
​Texas​​​​​​
​Houston​Manufacturing and office​175,000 sq ft​Lease
​Magnolia​Manufacturing and office​73,000 sq ft​Lease
​Indiana​​​​​​
​LaFayette​Manufacturing and office​123,000 sq ft​Own
​Canada​​​​​​
​Montreal​Office​5,657 sq ft​Lease
​Georgia​​​​​​
​Kingsland​Hydrogen production plant​65,340 sq ft​Own
​Tennessee​​​​​​
​Charleston​Hydrogen production plant​217,800 sq ft​Own
Europe​​​​​​​
​Netherlands​​​​​​
​Alphen aan den Rijn​Office​30,000 sq ft​Lease
​Germany​​​​​​
​Duisburg​Office​32,647 sq ft​Lease
Asia​​​​​​​
​India​​​​​​
​Shivajinagar​Office​17,750 sq ft​Lease

See Note 21, “Commitments and Contingencies”, to the consolidated financial statements and Part II, Item 8, “Financial Statements and Supplementary Data”, of this Annual Report on Form 10-K for further discussion of the leases. We believe that our facilities are sufficient to accommodate our anticipated production volumes.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.