8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________________________

FORM 8‑K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

__________________________________

Date of Report (Date of earliest event reported):  September 14, 2010

PLUG POWER INC.

(Exact name of registrant as specified in charter)

Delaware	1-34392	22-3672377
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

968 Albany Shaker Road, Latham, New York  12110
(Address of Principal Executive Offices)  (Zip Code)

(518) 782-7700
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

      o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

      o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

      o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

      o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On September 14, 2010, representatives of Plug Power Inc. (the “Company”) will deliver a presentation  to investors and analysts at the Wedbush 2^nd Annual Technology & Industrial Growth MAC 2010 Conference in San Francisco.  The Company’s presentation is scheduled to begin at 8:35 AM Pacific Time.  A copy of the presentation materials to be used by the Company is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. The presentation includes an update of the Company’s guidance regarding shipments, revenue, gross margin on product sales, EBITDAS and operating cash.

The information set forth in this Item 7.01, including Exhibit 99.1 attached hereto, is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

d) Exhibits.

Exhibit Number	Title
99.1	Slide presentation dated September 14, 2010.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PLUG POWER INC.
Date:  September 14, 2010	By: /s/ Andrew Marsh
	Andrew Marsh
	Chief Executive Officer

EX-99

WEDBUSH 2

ND

 ANNUAL TECHNOLOGY &

INDUSTRIAL GROWTH CONFERENCE

SEPTEMBER 2010

GERRY ANDERSON, CFO

1

The content of this presentation is PLUG POWER INC. PROPRIETARY AND CONFIDENTIAL.   No part of this publication may be reproduced, stored in a retrieval

system, or transmitted in any form or by any means - electronic, mechanical, photocopying, recording or otherwise - without the permission of Plug Power Inc.

Copyright 2010 by Plug Power Inc.

Plug Power Inc. 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 expectations regarding revenues and product orders for  2010.

These  statements  are  based  on  current  expectations  that  are  subject  to  certain  assumptions,  risks  and

uncertainties, any of which are difficult to predict, are beyond our control and that may cause our actual results to

differ materially from the expectations in our forward-looking statements including statements regarding the risk that

unit orders will not ship, be installed and/or convert to revenue, in whole or in part; the cost and timing of developing

our products and our ability to raise the necessary capital to fund such development costs; the ability to achieve the

forecasted gross margin on the sale of our products; the actual net cash used for operating expenses may exceed

the projected net cash for operating expenses; the cost and availability of fuel and fueling infrastructures for our

products; market acceptance of our GenDrive system; our ability to establish and maintain relationships with third

parties with respect to product development, manufacturing, distribution and servicing and the supply of key product

components; the cost and availability of components and parts for our products; our ability to develop commercially

viable products; our ability to reduce product and manufacturing costs; our ability to successfully expand our

product lines; our ability to improve system reliability for GenDrive; competitive factors, such as price competition

and competition from other traditional and alternative energy companies; our ability to manufacture products on a

large-scale commercial basis; our ability to protect our intellectual property; the cost of complying with current and

future governmental regulations; and other risks and uncertainties discussed under "Item IA-Risk Factors" in our

annual report on Form 10-K for the fiscal year ended December 31, 2009, filed with the Securities and Exchange

Commission ("SEC") on March 16, 2010, and the reports we file from time to time with the SEC.   Plug Power does

not intend to, and undertakes no duty to update any forward-looking statements as a result of new information or

future events.

About Plug Power

•

Headquarters in Latham, New York with over

125 employees

•

Founded in June 1997

•

World class manufacturing facility in NY

•

158 issued patents and over 1,000 units in the

field

•

Industry wide recognition as the leader in

development and production of clean, reliable

energy solutions

•

Commercial viability in material handling solution

GenDrive - 1.4M Truck Market in North America

Proven Value. Complete Solution.

Class 1

Class 2

Class 3

Sit-down Lift Trucks

Stand-up Reach Trucks

Rider Pallet Trucks

Value Proposition

•

   Increased Productivity

Higher throughput per shift

•

   Lower Operational Costs

Eliminate battery change out

•

   Additional Commercial Space

Battery rooms eliminated

•

   Zero Emissions

Safe, clean and efficient power sources

Customer Base is Building

Customer Success

•

Sysco Houston   - new 585,000 sq. ft. greenfield

facility

•

No battery infrastructure

•

98 Forklift trucks are 100% powered by Plug Power

fuel cells

•

Multi-distribution center commitment

Customer Success

•

New 450,000 sq. ft. facility in Canada with over 60

forklift trucks exclusively powered by Plug Power

•

Eliminated need to change out lead acid batteries

•

Expected GHG reduction up to 72%, compared to

batteries charged from the grid

•

Future site expansion planned

Sales Channel Success

•

Leading NA forklift truck manufacturer 100% owned

by Toyota

•

Strong supporter of fuel cell technology and

productivity gains

•

Independent distributor of GenDrive in NA with

nationwide coverage

Milestones and Goals

2010

2011

2012

Shipments

 (units)

1,000 - 1,200

1,800 - 2,300

3,400 - 4,400

Revenue

 ($ mil)

low 20’s - mid 20’s

mid 30’s - mid 40’s

mid 60’s - low 80’s

Gross Margin on

Negative

high single digits

low 20’s - mid 20’s

Product Sales

 (%)

mid 30’s- low 40’s

mid teens - low

EBITDAS

 ($ mil)

breakeven

loss

20’s loss

mid 30’s - low 40’s

mid teens - low

Operating Cash

 ($ mil)

-5    to

+5   *

use

20’s use

*   Dependent upon availability of   bank revolver to fund working capital changes

What Needs to Happen to Achieve Milestones

2010:

•  Finalize deal with Sysco for multiple facilities

•  Work through component sourcing issues to have availability of inventory

•  Work with partners to insure adequate fueling station assets are

available for sites

Beyond 2010:

•

4 to 5 new customers signed up to deals in 2

nd

 half of 2010

•  A large corporate account signed up by Q2 of 2011

•  Achieve product and service cost reductions through engineering and

sourcing initiatives that are underway

Stock Fact Sheet

•

NASDAQ: Ticker

PLUG

•

52-week Range

$0.36

- $1.35

•

Market Cap

$52,602,587

•

Shares Outstanding

131,506,467

•

Largest shareholder

44,626,939 (34%)

•

50 day average volume

327,015

•

Short Interest

866,853

•

Short position

2.52 days

•

Analyst Coverage

RBC Capital Markets

Stephens Inc.

Tradition Equities

Commercial viability

Over

Dominant

1,000 units

market share

in the field

Strategic

in motive power

relationships

applications

with industry

Close to

leaders

2 million

hours of runtime