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PLUG POWER P Plug Power Reports $ 72.0 million in Revenues and $ 73.7 million in Gross Billings for Q1 2021 Up 76 % and 71 % Year over Year Reaffirming Recently Raised Gross Billings Targets for 2021 and 2024 1 • Announced global strategic partnerships with Renault , SK Group and Acciona • Completed $ 2 billion + capital raise , largest bought deal in the cleantech sector • Announced plans to build North America's largest green hydrogen production facility in Western New York • The build out of our green hydrogen generation network will make hydrogen more ubiquitous and will help accelerate multiple applications beyond our core market of material handling . This includes mobility , large scale stationary power , and data centers as our customers are looking for green hydrogen solutions . Completed $ 1.6 billion capital investment from SK Group • Announced the selection of Rochester , NY as site of the world's first PEM and electrolyzer gigafactory which is expected to be in full production by the fall of this year First Quarter 2021 Financials Recap Plug Power shipped 1,308 GenDrive units and had revenue associated with six hydrogen infrastructure systems for the first quarter 2021 compared to 825 GenDrive units and one hydrogen infrastructure system in the first quarter 2020. Net revenue for this quarter was $ 72.0 million compared to $ 40.8 million for the first quarter of 2020. Gross billings were $ 73.7 million this quarter compared to $ 43.0 million for the first quarter of 2020 . There were a number of events in the first quarter 2021 that negatively affected operating results which should abate as we progress through the year .