Plug Power has signed an agreement with ENGIE to expand hydrogen use in logistics sectors
- The partnership will continue to identify mutually beneficial markets and customers by packaging Plug Power’s fuel cell technology and ENGIE’s hydrogen infrastructure, renewable energy, and service programs to offer fully integrated solutions.
- The global agreement is focused across more than fifty countries to end-uses such as distribution centers, manufacturing facilities, and logistic equipment and vehicles for ports and airports.
LATHAM, N.Y. — Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility has signed an agreement with ENGIE, a global energy and services leader in the energy transition, combining their expertise and capabilities in order to accelerate the adoption of hydrogen and fuel cell systems.
As a part of the agreement, Plug Power is partnering with ENGIE to identify mutually beneficial markets and customers, packaging Plug Power’s fuel cell technology with ENGIE’s hydrogen infrastructure, renewable energy and service programs to deliver cost effective hydrogen energy solutions. This partnership allows global customers to easily implement hydrogen technology into their operations, seamlessly purchasing hydrogen fuel cells and accessing clean energy.
By combining Plug Power’s leadership in hydrogen fuel cell systems and ENGIE’s international leadership in deploying renewable hydrogen solutions, this agreement will facilitate adoption of hydrogen as an efficient, productivity-enhancing clean energy source, for forklifts and throughout customers’ logistic chains, especially within distribution centers, ports and airports.
Plug Power brings industry expertise, with 28,000 deployed fuel cells and more than 270 million run hours in mobility applications, including Fortune 500 customers such as Amazon, BMW, and Walmart.
“We’re excited to partner with ENGIE, a leading global provider of clean energy solutions, to accelerate market penetration for hydrogen fuel cells around the world,” said Plug Power CEO Andy Marsh. “Given the global commitments to meet the targets of the Paris Accord, we and ENGIE believe there’s a tremendous opportunity for expansion of hydrogen and fuel cells to provide a clean, efficient energy alternative to fossil fuels.”
About Plug Power Inc.
The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. The Company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, Plug Power replaces lead acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers.
Extending its reach into the on-road electric vehicle market, Plug Power’s ProGen platform of modular fuel cell engines empowers OEMs and system integrators to rapidly adopt hydrogen fuel cell technology. ProGen engines are proven today, with thousands in service, supporting some of the most rugged operations in the world. Plug Power is the partner that customers trust to take their businesses into the future. Learn more at www.plugpower.com.