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Plug Power Signs MOU with Linde for the Demonstration of Fuel Cell-Powered On-Road Vehicles

By September 24, 2020 3   min read  (454 words)

September 24, 2020 |

Linde Plug Power Truck
  • Plug Power’s ProGen Engines to Power Class 6 and Class 8 Vehicles

LATHAM, N.Y.,– Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, today announced a memorandum of understanding (MOU) for the demonstration of Plug Power’s ProGen fuel cell engine in Class 6 and Class 8 vehicles, which will be used by Linde for delivery of products.

This fleet of hydrogen fuel cell vehicles are expected to be on the road in early 2021.

Plug Power holds a vision of decarbonizing the globe, and more specifically in the areas of green hydrogen and mobility. The company’s 30 to 125 kW ProGen engine suites heavy-duty vehicle applications, including class 6 and 8 trucks. Plug Power’s modular ProGen fuel cell engines are building blocks designed for OEMs to adopt sustainable hydrogen fuel cell solutions.

In long-haul transportation ProGen fuel cell engines provide a unique advantage over the battery electric vehicle. Fuel cells offer fast fueling (at least five to six times faster than an electrical charge), over 500 miles of increased range, and superior asset utilization and packaging density. For Plug Power customers like Linde, DHL, FedEx, and others, moving fuel, packages, and cargo –not batteries – is their business.

“Plug Power values our long-standing relationship with Linde, and views Linde as a key strategic supplier of hydrogen fuel,” said Andy Marsh, CEO of Plug Power. “Both Companies are vested in decarbonizing hydrogen production in order to bring a true green solution to customers in line with Plug Power’s stated plans to have more than 50% of the hydrogen used be green by 2024.”

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 35,000 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.

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