Acquisitions (Tables)

3 Months Ended

Mar. 31, 2021

Giner ELX, Inc

Schedule of fair value of consideration paid

Cash	$	25,820
Plug Power common stock		19,263
Contingent consideration		7,790
Total consideration	$	52,873

Summary of allocation of the purchase price to the estimated fair value of the net assets acquired

Accounts receivable	$	1,237
Inventory		4,108
Prepaid expenses and other assets		669
Property, plant and equipment		596
Identifiable intangibles		29,930
Accounts payable, accrued expenses and other liabilities		(1,621)
Deferred revenue		(2,350)
Deferred tax liability, net		(5,889)
Total net assets acquired, excluding goodwill	$	26,680

Business combination segment allocation

Consideration paid	$	52,873
Less: net assets acquired		(26,680)
Total goodwill recognized	$	26,193

United Hydrogen Group Inc

Schedule of fair value of consideration paid

Cash	$	19,293
Plug Power Stock		30,410
Contingent consideration		1,110
Total consideration	$	50,813

Summary of allocation of the purchase price to the estimated fair value of the net assets acquired

Accounts receivable	$	444
Inventory		89
Prepaid expenses and other assets		1,152
Property, plant and equipment		41,244
Leased property		796
Identifiable intangible asset		2,338
Long-term debt		(11,336)
Unfavorable customer contract		(15,757)
Accounts payable, accrued expenses, deferred revenue and finance obligations		(4,631)
Total net assets acquired, excluding goodwill	$	14,339

Business combination segment allocation

Consideration paid	$	50,813
Less: net assets acquired		(14,339)
Total goodwill recognized	$	36,474