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Plug Power sells Texas project and advances New York deal, expects $80M liquidity boost soon

Company Fundamentals
13 Jul 2026
GlobeNewsWire
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Bullish
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Plug Power announced the sale of its Graham, Texas project to Stream Data Centers for up to $76.5 million and a staged closing of its New York Gateway Project sale. These transactions are part of a broader $275 million liquidity improvement plan through asset sales and cash releases. The Texas sale is expected to close by July 31, 2026, providing about $90.5 million in total liquidity including released cash collateral. The New York deal's closing is extended to March 31, 2027, with $21.5 million already paid. Plug Power aims to strengthen its financial position and continue deploying hydrogen solutions in the data center industry.

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