Fuel Cell Trucks and Green Hydrogen Network Expansion Strategy

Plug Power is uniquely positioned at the center of the hydrogen economy Hydrogen Fuel cells for transport Aramco Air Products BP 2050E: USD 1.4tn Woodside Sinopec Shell Linde PLC Weichai Cummins Hyundai 2050E: USD 360bn Powercell Ballard plug Ceres Nel Sinohytec Honda ITM Power Cockerill Jingli Fuelcell Energy Panasonic Siemens Mcphy Bloom Peric Tianjin Mainland 2050E: USD 215bn Doosan ThyssenKrupp Toshiba 2050E: USD 203bn -- Toyota Electrolyzers Fuel cells for stationary plug Market size (2050E) Company market cap Source: Bloomberg and Bernstein analysis and estimates 4

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