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<title>Plug Power Form 8-K</title>


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<body lang=EN-US link=blue vlink=purple>

<div style='page:Section1;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:12.0pt;text-align:center'><b><font style="font-size: 13.5pt">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:12.0pt;text-align:center'><b><font style="font-size: 13.5pt">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:12.0pt;text-align:center'><b><font style="font-size: 13.5pt">UNITED STATES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:12.0pt;text-align:center'><b><font style="font-size: 13.5pt">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:12.0pt;text-align:center'><b>Washington,
D.C. 20549</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b>_______________________________</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:12.0pt;text-align:center'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:12.0pt;text-align:center'><b><font style="font-size: 18.0pt">FORM 8&#8209;K</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:12.0pt;text-align:center'><b>CURRENT
REPORT</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:12.0pt;text-align:center'><b>Pursuant
to Section 13 or 15(d) of the<br>
Securities Exchange Act of 1934</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b><i>__________________________________</i></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>Date of Report (Date
of earliest event reported):&nbsp; February 29, 2012</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="80%">
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b><font style="font-size: 14.0pt">PLUG POWER INC.</font></b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:.25in;text-align:center'><b><font style="font-size: 10.0pt">(Exact name of registrant as specified in charter)</font></b></p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0
 style='margin-left:0pt;border-collapse:collapse' width="80%">
 <tr>
  <td width="33%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b>Delaware</b></p>
  </td>
  <td width="34%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b>1-34392</b></p>
  </td>
  <td width="33%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b>22-3672377</b></p>
  </td>
 </tr>
 <tr>
  <td width="33%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>(State or Other <br>
  Jurisdiction<br>
  of Incorporation)</p>
  </td>
  <td width="34%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>(Commission File
  Number)</p>
  </td>
  <td width="33%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>(IRS Employer<br>
  Identification No.)</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-top:.25in;text-align:center'><b><u>968
Albany Shaker Road, Latham, New York&nbsp; 12110<br>
</u></b><b><font style="font-size: 10.0pt">(Address of Principal Executive
Offices)&nbsp; (Zip Code)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-top:.25in;text-align:center'><b><u>(518)
782-7700<br>
</u></b><b><font style="font-size: 10.0pt">(Registrant&#146;s telephone number,
including area code)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>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 (<i>see </i>General Instruction A.2. below):</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;</p>

<p style='font-size:12.0pt;font-family:"Times New Roman";text-align:justify;'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font face="Wingdings">o</font>&nbsp;&nbsp; Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>

<p style='font-size:12.0pt;font-family:"Times New Roman";text-align:justify;'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font face="Wingdings">o</font>&nbsp;&nbsp; Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>

<p style='font-size:12.0pt;font-family:"Times New Roman";text-align:justify;'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font face="Wingdings">o</font>&nbsp;&nbsp; Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</p>

<p style='font-size:12.0pt;font-family:"Times New Roman";text-align:justify;'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font face="Wingdings">o</font>&nbsp;&nbsp; Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b>

<hr size=2 width="100%" noshade color=navy align=center>

</b></div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<br clear=all
style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'><b>Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entry into a Material Definitive
Agreement.</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-indent:.5in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'>On February 29, 2012, Plug Power Inc. (the &#147;Company&#148;)
completed the formation of Hypulsion S.A.S. (the &#147;JV&#148;), a joint venture with
Axane, S.A. to develop and sell hydrogen fuel cell systems for the European
material handling market.&nbsp; As previously disclosed, on January 24, 2012, the
Company and Axane entered into a Master and Shareholders&#146; Agreement (the
&#147;Master Agreement&#148;) providing for the terms of the JV.&nbsp; As part of the
formation of the JV, the Company and the JV entered into a License Agreement
(the &#147;License Agreement&#148;) dated as of February 29, 2012.&nbsp; </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'>Under the License Agreement, the Company grants to the JV
a royalty-free license to certain intellectual property in the field of integrated
hydrogen fuel cell systems for the material handling market (the &#147;License&#148;).&nbsp;
The License is exclusive as to the territories of Albania, Austria, Belgium,
Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark,
Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy,
Liechtenstein, Luxemburg, Republic of Macedonia, Malta, Montenegro, the
Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia,
Spain, Sweden, Switzerland and the United Kingdom (the &#147;Territory&#148;).&nbsp; If the
Company sells its entire equity interest in the JV, the License becomes
non-exclusive one year after such sale.&nbsp; Further, the License becomes
non-exclusive, and the Company may terminate the License, upon any bankruptcy
or dissolution of the JV.&nbsp; Under the License Agreement, the Company receives a
royalty-free license back to certain intellectual property of the JV in the
field of integrated hydrogen fuel cell systems for the material handling market
outside of the Territory.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";'>The initial term of the License expires on June 30, 2013.&nbsp;
The term automatically extends to February 28, 2014 upon Axane&#146;s payment of its
contribution to the JV in 2013 pursuant to the Master Agreement.&nbsp; Upon Axane&#146;s
contribution to the JV in 2014 as required by the Master Agreement, the term of
the License will extend until the expiration of the last item of licensed
intellectual property or ninety-nine years, whichever is longer.&nbsp; The License
terminates in the event that Axane fails to make any required contribution to
the JV under the Master Agreement.&nbsp;&nbsp; </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";' align="center">
2</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b>

<hr size=2 width="100%" noshade color=navy align=center>

</b></div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<br clear=all
style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:12.0pt'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:24.0pt;text-align:center'><b>SIGNATURES</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:6.0pt;text-indent:.5in'>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.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:6.0pt;text-indent:.5in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:6.0pt;text-indent:.5in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td style='padding:0in 0in 0in 0in' width="40%">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td style='padding:0in 0in 0in 0in' width="60%">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:13.65pt'>PLUG POWER INC.</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:13.65pt'>&nbsp; </p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:13.65pt'>&nbsp; </p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in' width="40%">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>Date:&nbsp; March 6, 2012</p>
  </td>
  <td style='padding:0in 0in 0in 0in' width="60%">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:13.65pt'>By:&nbsp;
	<u>/s/ Andrew Marsh&nbsp; </u></p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in' width="40%">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td style='padding:0in 0in 0in 0in' width="60%">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:36.35pt'>Andrew Marsh</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:36.35pt'>&nbsp;Chief Executive Officer.</p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in' width="40%">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td style='padding:0in 0in 0in 0in' width="60%">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:13.65pt'>&nbsp;</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:.5in'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";' align="center">
3</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b>

<hr size=2 width="100%" noshade color=navy align=center>

</b></div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

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</html>
[{"type": "8-K", "sequence": "1", "filename": "esplug8-k.htm", "secsgml_size_bytes": 18051}]
{"company-data": {"conformed-name": "PLUG POWER INC", "cik": "0001093691", "assigned-sic": "3620", "irs-number": "223672377", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34392", "film-number": "12670246"}, "business-address": {"street1": "968 ALBANY-SHAKER ROAD", "city": "LATHAM", "state": "NY", "zip": "12110", "phone": "5187827700"}, "mail-address": {"street1": "968 ALBANY-SHAKER ROAD", "city": "LATHAM", "state": "NY", "zip": "12110"}}
Plug Power Form 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):  February 29, 2012
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 1.01        Entry into a Material Definitive
Agreement.
On February 29, 2012, Plug Power Inc. (the "Company")
completed the formation of Hypulsion S.A.S. (the "JV"), a joint venture with
Axane, S.A. to develop and sell hydrogen fuel cell systems for the European
material handling market.  As previously disclosed, on January 24, 2012, the
Company and Axane entered into a Master and Shareholders' Agreement (the
"Master Agreement") providing for the terms of the JV.  As part of the
formation of the JV, the Company and the JV entered into a License Agreement
(the "License Agreement") dated as of February 29, 2012.
Under the License Agreement, the Company grants to the JV
a royalty-free license to certain intellectual property in the field of integrated
hydrogen fuel cell systems for the material handling market (the "License"). 
The License is exclusive as to the territories of Albania, Austria, Belgium,
Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark,
Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy,
Liechtenstein, Luxemburg, Republic of Macedonia, Malta, Montenegro, the
Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia,
Spain, Sweden, Switzerland and the United Kingdom (the "Territory").  If the
Company sells its entire equity interest in the JV, the License becomes
non-exclusive one year after such sale.  Further, the License becomes
non-exclusive, and the Company may terminate the License, upon any bankruptcy
or dissolution of the JV.  Under the License Agreement, the Company receives a
royalty-free license back to certain intellectual property of the JV in the
field of integrated hydrogen fuel cell systems for the material handling market
outside of the Territory.
The initial term of the License expires on June 30, 2013. 
The term automatically extends to February 28, 2014 upon Axane's payment of its
contribution to the JV in 2013 pursuant to the Master Agreement.  Upon Axane's
contribution to the JV in 2014 as required by the Master Agreement, the term of
the License will extend until the expiration of the last item of licensed
intellectual property or ninety-nine years, whichever is longer.  The License
terminates in the event that Axane fails to make any required contribution to
the JV under the Master Agreement.
2
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:  March 6, 2012
By:
/s/ Andrew Marsh
Andrew Marsh
Chief Executive Officer.
3