Fuel Cell Trucks and Green Hydrogen Network Expansion Strategy

Energy Solutions Business Outlook Sustainable Competitive Advantage Payback before PTC Payback with PTC 1. Scale 2. Sourcing clean energy and water 3. Optimizing plant design PTC Accelerates Return and Capital Formation Green Hydrogen Production First Generation of plants ~$4/kg production cost (Pre-PTC). Eligible for $3/kg PTC in US Transportation currently ~$0.25 per 100 miles over the road Significant margin expansion as Plug Green Hydrogen plants come online 。 Fuel Margin Breakeven exiting 2023, and >30% in 2025 Energy Solutions Business Revenue projections (Inclusive of Cryo and Liquefication) o 2023: $285MM o 2030: $3.9B 100% Equity 30% Equity plug 13

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