Stream U.S. Data Centers, L.L.C. entered into a purchase and sale agreement to acquire Certain real property and related assets located in the Town of Alabama from Plug Power Inc. for an estimated $140 million.
Stream U.S. Data Centers, L.L.C. entered into a purchase and sale agreement to acquire Certain real property and related assets located in the Town of Alabama from Plug Power Inc. (NasdaqCM:PLUG) for an estimated $140 million on February 24, 2026. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is June 30, 2026.
DLA Piper LLP acted as legal advisor for Plug Power Inc. Akin Gump Strauss Hauer & Feld LLP acted as legal advisor for Stream U.S. Data Centers, L.L.C.
Plug Power Inc. is engaged in offering end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals. The Company develops commercially viable hydrogen and fuel cell product solutions. It provides electrolyzers that allow customers, such as refineries, producers of chemicals, steel, fertilizer and commercial refueling stations, to generate hydrogen on-site. It focuses on industrial mobility applications, including electric forklifts and electric industrial vehicles, at multi-shift high volume manufacturing and high throughput distribution sites and environmental benefits; stationary power systems that supports critical operations, such as data centers, microgrids and generation facilities, in either a backup power or continuous power role and replace batteries, diesel generators or the grid for telecommunication logistics, transportation, and utility customers; and production of hydrogen.
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Stream U.S. Data Centers, L.L.C. entered into a purchase and sale agreement to acquire Certain real property and related assets located in the Town of Alabama from Plug Power Inc. for an estimated $140 million.
