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Plug Power CEO and CFO to Present Corporate Strategy At Stephens Investment Conference; Live Webcast Can Be Accessed Through the Company’s Web Site

November 14, 2008

LATHAM, N.Y., Nov. 14, 2008 (GLOBE NEWSWIRE) — Plug Power Inc. (Nasdaq:PLUG) announced today that CFO Gerry Anderson, will present the Company’s strategy to investors at the Stephens Inc. Fall Investment Conference in New York City on Tuesday, November 18 at 3:30 p.m. ET. Plug Power’s president and CEO, Andy Marsh, will be completing the question and answer portion of the presentation.

Anderson and Marsh will discuss Plug Power’s growth strategy and market opportunities for its fuel cell products and services within the various industries it serves. Throughout the day, one-on-one meetings will be conducted with investors and analysts. These meetings can be scheduled by contacting Christina Hatfield at 501.377.2153.

To listen to the live webcast of Plug Power’s presentation, go to the Plug Power Web site at www.plugpower.com. Select the investor conference link on the homepage. A playback of the webcast will be available for a short period following the conference.

About Plug Power

Plug Power Inc. (Nasdaq:PLUG), an established leader in the development and deployment of clean, reliable on-site energy solutions, integrates fuel cell technology into backup, motive and continuous power products for telecommunications, material handling, utility and uninterruptible power supply applications. The Company is actively engaged with private and public customers in targeted markets throughout the world, including North America, Europe, the Middle East, Russia, South Africa and South America. 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.

The Plug Power Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4446

Safe Harbor Statement

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 plans. 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 the restructuring results in greater restructuring charges or less cost savings; the risk that the FCC does not adopt rules regarding backup power requirements; 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; the cost and availability of fuel and fueling infrastructures 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; 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, 2007, filed with the Securities and Exchange Commission (“SEC”) on March 17, 2008, 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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

 CONTACT:  Plug Power Inc.           Investor Relations           Cathy Yudzevich, Manager            (518) 782-7700 ext. 1448 




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