Plug Power CEO Andy Marsh to Join Senator Bill Cassidy at Louisiana Energy Security Summit

Rhea-AI Summary

Plug Power (NASDAQ: PLUG) announced that CEO Andy Marsh will join U.S. Senator Bill Cassidy and energy leaders on October 16, 2025 at the Louisiana Energy Security Summit hosted by ACCF.

Marsh will appear on the panel “Cracking Down on China — Addressing Risks to American Energy and Supply Chain Security” to discuss policy and investment strategies supporting domestic manufacturing, clean hydrogen production, and fair global competition.

Plug identified Louisiana as a strategic hub and earlier this year launched Hidrogenii, a 15-ton-per-day liquid hydrogen joint venture in St. Gabriel with Olin, which anchors its vertically integrated hydrogen network across the Southeast and Gulf Coast. Marsh cited support for measures like the Foreign Pollution Fee Act that aim to level the playing field for U.S. producers.

News Market Reaction

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-9.61% News Effect

+5.5% Peak Tracked

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-$534M Valuation Impact

$5.03B Market Cap

0.2x Rel. Volume

On the day this news was published, PLUG declined 9.61%, reflecting a notable negative market reaction. Argus tracked a peak move of +5.5% during that session. Argus tracked a trough of -19.1% from its starting point during tracking. Our momentum scanner triggered 16 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $534M from the company's valuation, bringing the market cap to $5.03B at that time.

Data tracked by StockTitan Argus on the day of publication.

SLINGERLANDS, N.Y., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Plug Power (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, announces that CEO Andy Marsh will join U.S. Senator Bill Cassidy (R-LA) and national energy leaders today, Thursday, October 16, 2025, at the Louisiana Energy Security Summit, hosted by the American Council for Capital Formation (ACCF). Attendees are gathering to discuss how U.S. companies are strengthening energy independence and industrial competitiveness through clean hydrogen and domestic manufacturing.

Marsh will participate in the panel “Cracking Down on China — Addressing Risks to American Energy and Supply Chain Security”. The discussion will explore policy and investment strategies that safeguard U.S. manufacturing, reward clean production, and support fair competition in global markets. By combining innovation with strong domestic investment, Plug is proving that the U.S. can compete head-to-head with China, not through subsidies, but through productivity, reliability, and clean-energy excellence.

“America’s energy advantage is its competitive edge,” said Marsh. “By turning that power into hydrogen and liquid fuels here at home, we can out-innovate global competitors, secure supply chains, and build a stronger, cleaner economy. I want to thank Senator Cassidy for his leadership in advancing policies that protect U.S. manufacturers and reward environmental accountability.”

Plug has identified Louisiana as a strategic hub for its expanding hydrogen network. Earlier this year, Plug and Olin Corporation launched Hidrogenii, a 15-ton-per-day liquid hydrogen joint venture in St. Gabriel, one of the Gulf Coast’s first large-scale hydrogen plants. The facility anchors Plug’s vertically integrated hydrogen ecosystem, serving industrial and mobility customers across the Southeast and Gulf regions.

Marsh’s participation underscores Plug’s leadership in building a resilient U.S. hydrogen economy, driving domestic manufacturing, and supporting smart policy measures, such as Senator Cassidy’s Foreign Pollution Fee Act, that create a level playing field for clean, efficient American producers.

About Plug Power
Plug is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. A first mover in the industry, Plug provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to industries such as material handling, industrial applications, and energy producers—advancing energy independence and decarbonization at scale.

With electrolyzers deployed across five continents, Plug leads in hydrogen production, delivering large-scale projects that redefine industrial power. The company has deployed over 72,000 fuel cell systems and 275 fueling stations and is the largest user of liquid hydrogen. Plug is rapidly expanding its generation network to ensure reliable, domestically produced supply, with hydrogen plants currently operational in Georgia, Tennessee, and Louisiana, capable of producing 40 tons per day. With employees and state-of-the-art manufacturing facilities across the globe, Plug powers global leaders like Walmart, Amazon, Home Depot, BMW, and BP.

For more information, visit www.plugpower.com.

Safe Harbor Statement

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. (“Plug”), including but not limited to statements about: Plug’s role in supporting America’s competitive edge in the global energy industry; Plug’s success in out-innovating global competitors; the ability of the Plug-Olin Hidrogenii joint venture in St. Gabriel, Louisiana to sustain production of 15-ton-per-day liquid hydrogen; the Hidrogenii hydrogen production facility’s ability to serve industrial and mobility customers across the Southeast and Gulf regions; and Plug’s contribution to the building of a resilient U.S. hydrogen economy. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Plug in general, see Plug’s public filings with the Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of Plug’s Annual Report on Form 10-K for the year ended December 31, 2024 and Plug’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and Plug undertakes no obligation to update such statements as a result of new information.

MEDIA CONTACT
Teal Hoyos
media@plugpower.com

FAQ

When will Plug Power CEO Andy Marsh speak at the Louisiana Energy Security Summit (PLUG)?

Andy Marsh will participate on October 16, 2025 at the Louisiana Energy Security Summit hosted by ACCF.

What panel will Plug Power (PLUG) join with Senator Bill Cassidy on October 16, 2025?

Marsh will join the panel titled “Cracking Down on China — Addressing Risks to American Energy and Supply Chain Security.”

What is Plug Power's announced hydrogen project in Louisiana and its capacity (PLUG)?

Plug and Olin launched Hidrogenii, a joint venture in St. Gabriel with a 15-ton-per-day liquid hydrogen capacity.

How does Plug Power describe Louisiana in its U.S. strategy (PLUG)?

Plug identified Louisiana as a strategic hub for its expanding hydrogen network serving industrial and mobility customers across the Southeast and Gulf regions.

What policy does Plug Power reference when discussing fair competition (PLUG)?

Plug cited support for Senator Cassidy's Foreign Pollution Fee Act as a measure to create a level playing field for clean American producers.