Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Alloy Custom Products, LLC and WesMor Cryogenics, LLC

Schedule of fair value of consideration paid

The fair value of consideration paid by the Company in connection with the CIS acquisition was as follows (in thousands):

Cash	$	30,700
Due to Cryogenic Industrial Solutions, LLC		500
Plug Power Inc. Common Stock		6,107
Total consideration	$	37,307

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

The following table summarizes the final allocation of the purchase price to the fair value of the net assets acquired, excluding goodwill (in thousands):

Cash	$	267
Accounts receivable		5,038
Inventory		11,120
Prepaid expenses and other assets		464
Property, plant and equipment		3,887
Right of use asset		1,538
Identifiable intangible assets		13,430
Lease liability		(1,562)
Accounts payable, accrued expenses and other liabilities		(3,826)
Deferred revenue		(6,193)
Total net assets acquired, excluding goodwill	$	24,163

Schedule of business combination segment allocation

Goodwill associated with the CIS acquisition was calculated as follows (in thousands):

Consideration paid	$	37,307
Less: net assets acquired		(24,163)
Total goodwill recognized	$	13,144

Joule Processing LLC

Schedule of fair value of consideration paid

The fair value of consideration paid by the Company in connection with the Joule acquisition was as follows (in thousands):

Cash	$	28,140
Contingent consideration		41,732
Total consideration	$	69,872

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

The following table summarizes the final allocation of the purchase price to the fair value of the net assets acquired, excluding goodwill (in thousands):

Current assets	$	2,672
Property, plant and equipment		493
Right of use asset		182
Identifiable intangible assets		60,522
Lease liability		(374)
Current liabilities		(2,612)
Contract liability		(3,818)
Total net assets acquired, excluding goodwill	$	57,065

Schedule of business combination segment allocation

Goodwill associated with the Joule acquisition was calculated as follows (in thousands):

Consideration paid	$	28,140
Contingent consideration		41,732
Less: net assets acquired		(57,065)
Total goodwill recognized	$	12,807

Schedule of unaudited pro forma financial information

	For the year ended		For the year ended
	December 31, 2022		December 31, 2021
	(unaudited)		(unaudited)
Revenue	$	701,742	$	513,174
Net loss	$	(723,934)	$	(460,008)