Plug Power sells Graham, Texas project to Stream Data Centers for up to $76.5 million

Plug Power agreed to sell its Graham, Texas project to Stream Data Centers for up to $76.5 million, with closing targeted around July 31, 2026.

The deal includes $50 million at closing, with up to $26.5 million tied to confirmed load capacity under the final interconnection agreement.

Plug said the transaction is expected to release about $14 million of cash collateral, lifting the total liquidity impact to roughly $90.5 million.

Plug also reworked its New York Gateway sale to Stream, unlocking $6.5 million from escrow and adding a new $10 million escrow deposit.

The Gateway purchase price remains $142 million, with the non-land closing deadline extended to March 31, 2027.