Plug Power Expands Hydrogen and Fuel Cell Solutions into Walmart eCommerce Applications
December 15 2020 - 8:00AM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen
engines and fueling solutions enabling e-mobility, is supplying
Walmart, its first multi-site GenKey hydrogen and fuel cell
customer, with sustainable solutions for use in its eCommerce
network.
Plug Power has provided GenKey hydrogen and fuel
cell solutions to Walmart, a leader in deploying hydrogen fuel cell
technology in electric vehicles, since 2010 for its material
handling fleet.
- Plug Power supports more than 9,500 GenDrive fuel cell-powered
vehicles used by Walmart at 37 distribution centers across North
America.
- Plug Power began expansion of hydrogen and fuel cell solutions
into Walmart’s eCommerce network, with the first deployments in
August of 2020 and additional expansion planned in 2021.
- Flexibility, scalability, and the benefits of fast fueling make
GenKey hydrogen and fuel cell solutions uniquely suited to the
rapid growth and peak demands of eCommerce applications.
Plug Power products consistently operate in
Walmart’s material handling fleet at 99% uptime with constant power
performance. During the pandemic, Plug Power’s products have
enabled leading retailers like Walmart to fulfill increased demand
from customers at a rapid pace.
Plug Power’s ProGen and GenDrive fuel cell
solutions are used to power a variety of logistics vehicles for a
variety of customers including material handling trucks, tuggers,
automated guided vehicles, airport ground support equipment, and
commercial fleet vehicles (class 3-8) for middle and last mile
delivery applications.
“Walmart is one of our foundational customers,
with our relationship rooted in trust and results as we work toward
a more sustainable future together,” said Andy Marsh, Plug Power
CEO. “This application expansion signifies the next step in our
relationship as we support Walmart in their scaling eCommerce
business while helping them meet the operational goals important to
both Walmart and consumers.”
“The challenges this year have increased demand on
leading brands providing necessary goods and services to customers.
At our distribution facilities across the country, our decision to
be an early adopter of Plug Power’s hydrogen fuel cells has helped
us manage and meet the increased demand for food and basic
supplies,” said Jeff Smith, Senior Director Walmart Supply Chain.
“This is why we’re excited to expand Plug Power’s proven solutions
into our eCommerce network in 2021.”
About Plug Power
Plug Power is building the hydrogen economy as the
leading provider of comprehensive hydrogen fuel cell (HFC) turnkey
solutions. The Company’s innovative technology powers electric
motors with hydrogen fuel cells amid an ongoing paradigm shift in
the power, energy, and transportation industries to address climate
change and energy security, while providing efficiency gains and
meeting sustainability goals.
Plug Power created the first commercially viable
market for hydrogen fuel cell (HFC) technology. As a result, the
Company has deployed over 38,000 fuel cell systems for e-mobility,
more than anyone else in the world, and has become the largest
buyer of liquid hydrogen, having built and operated a hydrogen
highway across North America. Plug Power delivers a significant
value proposition to end-customers, including meaningful
environmental benefits, efficiency gains, fast fueling, and lower
operational costs.
Plug Power’s vertically integrated GenKey solution
ties together all critical elements to power, fuel, and provide
service to customers such as Amazon, BMW, The Southern Company,
Carrefour, and Walmart. The Company is now leveraging its know-how,
modular product architecture and foundational customers to rapidly
expand into other key markets including zero-emission on-road
vehicles, robotics, and data centers.
Safe Harbor Statement
This communication contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve significant risks and uncertainties
about Plug Power Inc.("PLUG"), including but not limited to
statements about PLUG's expectations regarding its multi-year
investment and growth , PLUG’s clean hydrogen technology and fuel
cell solutions playing a critical role in achieving climate and
decarbonization goals, deepening of relationships with key
stakeholders, and acceleration of demand and adoption of hydrogen
technology . You are cautioned that such statements should not be
read as a guarantee of future performance or results, and will not
necessarily be accurate indications of the times that, or by which,
such performance or results will have been achieved. Such
statements are subject to risks and uncertainties that could cause
actual performance or results to differ materially from those
expressed in these statements. For a further description of the
risks and uncertainties that could cause actual results to differ
from those expressed in these forward-looking statements, as well
as risks relating to the business of PLUG in general, see PLUG’s
public filings with the Securities and Exchange Commission,
including the “Risk Factors” section of PLUG’s Annual Report on
Form 10-K for the year ended December 31, 2019 and Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2020, June
30, 2020 and September 30, 2020. Readers are cautioned not to place
undue reliance on these forward-looking statements. The
forward-looking statements are made as of the date hereof, and PLUG
undertakes no obligation to update such statements as a result of
new information.
Media Contact Ian Martorana The
Bulleit Group (415) 237-3681 plugpowerpr@bulleitgroup.com
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