Advanced Biofuels


Gevo Appoints Andy Marsh to Board of Directors

Date Posted: February 12, 2015

Englewood, Colo., Feb. 12, 2015 — Gevo, Inc. (Nasdaq:GEVO) announced today that it has appointed Andy Marsh to its Board of Directors.

Mr. Marsh is the President and Chief Executive Officer of Plug Power Inc. (Nasdaq:PLUG), the leading designer and manufacturer of commercially viable hydrogen and fuel cell systems.

Mr. Marsh joined Plug Power as President and CEO in April 2008.

Mr. Marsh has created a thriving business at Plug Power, able to secure significant customers, including Fortune 500 companies, to deploy hydrogen storage and fueling infrastructures throughout North America, and commission fuel cell products globally.

Under his leadership, Plug Power has successfully targeted the material handling market with its GenDrive and GenKey solutions.

Plug Power's solutions replace traditional lead-acid batteries to power the electric lift trucks in material handling applications, with more than 6,500 GenDrive units in use today by customers like Walmart, P&G;, FedEx and BMW. Plug Power's ReliOn solution provides stationary and backup power for the telecommunications, transportation, utility and government sectors.

Plug Power's products are easily fueled with hydrogen supplied and stored through its GenFuel suite.

Furthermore, Plug Power sits on one of the strongest balance sheets in the company's history under Mr. Marsh.

Previously, Mr. Marsh was a co-founder of Valere Power, where he served as CEO and Board Member from the company's inception in 2001 through its sale to Eltek ASA in 2007.

Under his leadership, Valere grew into a profitable global operation with over 200 employees and $90 million in revenues derived from the sale of DC power products to the telecommunications sector.

During Mr. Marsh's tenure, Valere Power received many awards such as the Tech Titan award as the fastest growing technology company in the Dallas Fort Worth area and the Red Herring Top 100 Innovator Award.

Prior to founding Valere, he spent almost 18 years with Lucent Bell Laboratories in a variety of sales and technical management positions.

Mr. Marsh is a member of the Board of Directors for the California Hydrogen Business Council, a non-profit group comprised of organizations and individuals involved in the business of hydrogen.

He holds a BSEET from Temple University, an MSEE from Duke University and an MBA from SMU.

"Andy Marsh brings a depth of experience as a chief executive officer with two successful energy companies, and he's proven he understands the growth path required to build a sustainable, thriving business," said Patrick Gruber, CEO of Gevo.

"Andy's expertise will be invaluable to our Board of Directors as we move forward with our commercialization plans."

For more information, please contact Mike Willis at 720-267-8636 or mwillis@gevo.com

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