Union College Powers Student Residence Hall With Plug Power Gensys Fuel Cell


LATHAM, N.Y., Sept. 30, 2009 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, National Grid, an international natural gas and electric utility, and Union College, a top liberal arts institution, today announced the commissioning of Plug Power's residential fuel cell, GenSys(R). Plug Power's 5 kilowatt combined heat and power (CHP) unit is converting natural gas into electricity and high-quality heat for the Beuth House residence hall on the Schenectady, New York campus.

This project is a result of a partnership with the United States Department of Energy (DOE) announced in November of 2008. Plug Power and National Grid will test the system in the real-life operating conditions at Union College. Collaboratively, the companies will use the critical data collected to determine system refinements for incorporation into the next-generation system design.

In honor of this milestone installation, a ribbon cutting ceremony was held on-site at Union College today. Executives from Union College, Plug Power, National Grid, Ballston Spa and Schenectady Museum elaborated on how fuel cell technology makes an impact within their organization.

"This project dovetails with our commitment to sustainability, which is a key component of our strategic plan," said Union President Stephen C. Ainlay. "We are excited to have been chosen to help develop alternative energy solutions."

"National Grid's sponsorship of this testing program is a natural fit with our continued support of alternative energy sources. This technology represents a promising clean energy technology that we believe will play a significant role in the not too distant future of energy," Susan Crossett, National Grid Vice President of Energy Solutions Services, said.

"Plug Power commends the partners involved in the project for their support of fuel cell technology," said Andy Marsh, CEO at Plug Power. "Through real-world field trials, such as this project at Union, alternative energy solutions for the everyday consumer move closer to a reality."

Rep. Paul Tonko, while unable to attend the event, has also recognized the forward-thinking companies of the Capital Region's Tech Valley. Rep. Paul Tonko said, "Innovation will be the key to creating clean energy and alternative energy solutions. The Capital Region is lucky to be the home to many companies like Plug Power, which continue to push the envelope in search of technologies that improve on energy efficiency and reliability. I commend Plug Power on its collaboration with National Grid and Union College on this project."

Also built into the field trial is an educational outreach program which includes Ballston Spa Central School District and Schenectady Museum. Students of all levels will be able to analyze real data to learn the benefits of fuel cells.

About Plug Power Inc.

Plug Power Inc. (Nasdaq:PLUG), an established leader in the development and deployment of clean, reliable energy solutions, integrates fuel cell technology into motive, continuous and backup power products. The Company is actively engaged with private and public customers in targeted markets throughout the world. For more information about how to join Plug Power's energy revolution as an investor, customer, supplier or strategic partner, please visit www.plugpower.com.

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This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding our growth plan. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements, including, without limitation, the risk that unit orders will not ship, be installed and/or convert to revenue, in whole or in part; Plug Power's ability to develop commercially viable energy products; the cost and timing of developing Plug Power's energy products; market acceptance of Plug Power's energy products; Plug Power's ability to manufacture energy products on a large-scale commercial basis; competitive factors, such as price competition and competition from other traditional and alternative energy companies; the cost and availability of components and parts for Plug Power's energy products; Plug Power's ability to establish 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 fuel and fueling infrastructures for Plug Power's energy products; Plug Power's ability to protect its Intellectual Property; Plug Power's ability to lower the cost of its energy products and demonstrate their reliability; the cost of complying with current and future governmental regulations; the impact of deregulation and restructuring of the electric utility industry on demand for Plug Power's energy products; 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, 2008, filed with the Securities and Exchange Commission ("SEC") on March 16, 2009, and the reports Plug Power files from time to time with the SEC. Plug Power does not intend to and undertakes no duty to update the information contained in this communication.



            

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