[SCHEDULE 13G/A] Plug Power Inc. SEC Filing

Rhea-AI Filing Summary

Norges Bank, the central bank of Norway and manager of the Government Pension Fund Global, filed Amendment No. 1 to Schedule 13G for Plug Power Inc. (PLUG) covering holdings as of 30 June 2025.

• Beneficial ownership: 5,006,031 common shares, equal to 0.4 % of the outstanding class.
• Sole voting & dispositive power: 45,519 shares.
• Shared dispositive power: 4,960,512 shares; shared voting power: 0 shares.
• The stake is held on behalf of the Government of Norway and is declared passive; the filer certifies no intent to influence control.

Because the position is well below the 5 % threshold, the disclosure signals only a modest, non-control investment by a large sovereign institution. The filing contains no operational or financial updates on Plug Power.

Insights

Equity Analyst

TL;DR: Norges Bank’s 0.4 % stake is passive and immaterial to PLUG’s valuation.

The disclosure shows a tiny holding relative to Plug Power’s float. With just 45.5 k shares under sole voting control, Norges Bank will have negligible influence on governance or strategic direction. The stake’s passive nature and lack of activist intent make the filing largely informational for investors. Market impact should be neutral unless accompanied by other catalysts.

Corporate Governance Specialist

TL;DR: Filing confirms Norway’s sovereign fund holds <1 % of PLUG—no control implications.

Schedule 13G, rather than 13D, underscores a non-activist posture. The bank’s certification that shares are held in the ordinary course removes takeover or proxy concerns. Shared dispositive power indicates external managers but still passive oversight. Governance risk or benefit to Plug Power shareholders is minimal.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Plug Power Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

72919P202

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 72919P202

1

Names of Reporting Persons

Norges Bank

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NORWAY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 45,519.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 45,519.00
8	Shared Dispositive Power 4,960,512.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,006,031.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.4 %

12

Type of Reporting Person (See Instructions)

FI, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Plug Power Inc
(b)	Address of issuer's principal executive offices: 125 Vista Blvd, Slingerlands, NY 12159
Item 2.
(a)	Name of person filing: Norges Bank
(b)	Address or principal business office or, if none, residence: Bankplassen 2, PO Box 1179 Sentrum, Oslo, NO-0107, Oslo, Norway
(c)	Citizenship: Norway
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 72919P202
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	investment adviser
Item 4.	Ownership
(a)	Amount beneficially owned: 5,006,031
(b)	Percent of class: 0.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 45,519
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 45,519
	(iv) Shared power to dispose or to direct the disposition of: 4,960,512
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The shares reported herein are invested on behalf of the Government of Norway.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Norges Bank

Signature:	Aya Sobhy
Name/Title:	Business and Regulatory Compliance
Date:	07/24/2025

FAQ

How many Plug Power (PLUG) shares does Norges Bank currently own?

The filing reports 5,006,031 common shares beneficially owned.

What percentage of Plug Power’s outstanding stock does this represent?

Norges Bank’s stake equals 0.4 % of the class.

Does Norges Bank have voting control over these PLUG shares?

It has sole voting power over 45,519 shares and no shared voting power.

Why was a Schedule 13G/A filed instead of Schedule 13D?

Form 13G indicates a passive investment with no intent to influence control.

What is the effective date of the share ownership reported?

The holdings are as of 30 June 2025.

Who benefits economically from the reported shares?

The shares are held on behalf of the Government of Norway.