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PLUG POWER BRINGS HYDROGEN FUEL CELLS TO LEADING UK SUPERMARKET RETAILER ASDA

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pakman
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Represents UK’s First Scale Fuel Cell DeploymentLATHAM, N.Y., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of zero emission hydrogen engines and fueling solutions enabling e-mobility, is providing UK-based supermarket Asda with hydrogen fuel cell solutions to power the lift truck fleet within the retail giant’s extensive supply chain network.
Asda’s partnership with Plug Power includes a purchase order agreement for Plug Power’s full-service GenKey solution, beginning at the UK facility in Skelmersdale. The turnkey solution includes fuel cells, hydrogen fueling equipment, hydrogen and service. This new customer continues Plug Power’s growth in Europe and represents the first deployment at scale of hydrogen fuel cell technology for material handling within the United Kingdom. The effort reduces Asda’s reliance on traditional lead acid batteries for power in their material handling fleet and is part of a broader initiative designed to make the company’s operations more environmentally-friendly.“Each new opportunity to expand the adoption of hydrogen fuel cells is an important step to building the hydrogen economy,” said Andy Marsh, CEO of Plug Power. “We’re especially excited to be partnering with an organization like Asda, which has such a proud heritage and sterling reputation. Their focus on making their organization more environmentally-friendly makes Asda an ideal partner, and we’re optimistic that this deployment is just the start of a long and fruitful relationship.”Founded in 1949, Asda currently ranks as the UK’s third-largest supermarket retailer with a market share of over 15 percent, and annual revenues of more than £20 billion. Asda is a wholly-owned subsidiary of the multinational retailer Walmart Inc., which itself is a longtime Plug Power customer and a global leader in fuel cell adoption and commercialization in the supply chain and logistics market. Like its parent company, Asda maintains sole control over the entirety of its logistics network, which includes more than 30 distribution centers staffed by more than 12,000 employees across the UK. Part of Walmart, Asda is committed to meeting its target to remove 1 billion tonnes of emissions globally as part of Project Gigaton with 179 Asda suppliers having already signed up to this commitment, saving a significant 29 Million Metric Tonnes of emissions.“Asda is dedicated to being the world’s Most Trusted Retailer, and sustainability is a big part of that,” said Darren Pettener, General Manager of the Asda Skelmersdale Distribution Center. “We’ve seen firsthand what a difference hydrogen fuel cell adoption has made for our parent company. There are good reasons why Walmart, which has been a leader in supply chain innovation for decades, has chosen to build the largest fleet of hydrogen fuel cell-powered electric vehicles in the world. We’re eager to realize the proven environmental and productivity benefits of fuel cell adoption in our operations at Asda."Plug Power’s GenKey solution brings multiple benefits to Asda’s supply chain network. Fuel cell powered logistics equipment enables distribution centers to achieve substantial productivity gains and higher material velocity by eliminating the downtime required for battery charging and changing. In addition, the fuel cell solution frees up valuable floor space by removing the need for multiple batteries per truck, and replacing bulky battery charging and changing stations with a compact hydrogen fuel dispenser. The full-service GenKey package allows customers to quickly capture all of these benefits, providing full integration and deployment of the Plug Power’s fuel cell engines, hydrogen fuel solutions, and support.
pakman
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Geruchten doen de ronde dat Plug Power, Amazon nieuwe delivery Van gaat voorzien van hun heavy-duty 125 kW ProGen zero emission hydrogen engine.

.......en USPS delivery van (Overheids contract)
pakman
1
Plug Power Leverages Entrance into New Green Hydrogen Market: Electrolyzers Now Deployed in Japan
August 31, 2020

Hydrogen’s popularity as a renewable energy source has only grown in recent years, but perhaps no nation has worked to implement this renewable so much as Japan. The government is working to reduce the production cost of hydrogen significantly over the course of the next several decades, aiming for $3 a kilogram by 2030 and $2 a kilogram by 2050. The shift will not only help the country reduce its carbon footprint and gain energy independence, but it will also enable the country to become a leading exporter of fuel cell technology.

In fact, so confident is Japan in this investment that it had planned to showcase it during the 2020 Olympics in Tokyo, now taking place in 2021. The Olympic torch is said to be lit by hydrogen as it made its way through Japan, and the Olympic Cauldron included in the opening and closing ceremonies was likewise to be powered by hydrogen. On a more practical level, 500 hydrogen-powered fuel cell vehicles intend to be used in transportation efforts for the games. Japan’s plans to foreground its hydrogen strategy as a point of national pride during the Olympics indicates the full extent of its commitment to this clean renewable energy.

Plug Power shares this commitment and is delighted to announce its entry into the Japanese green hydrogen market. A mere two months after its acquisition of Giner ELX – a leading company that makes the electrolyzer devices that split water into hydrogen and oxygen – Plug Power has delivered a 25kW GenFuel electrolyzer to Nagasaki, Japan. This achievement represents the first fruits of Plug Power’s vertical acquisition strategy in Asia and promotes the development of a scalable, renewable hydrogen economy.

Prior to its acquisition of Giner ELX, Plug Power was known as the leading provider of hydrogen engines and fueling solutions. After acquiring the company, however, Plug Power is now in a position to produce both the hydrogen engines and green hydrogen on-site to power those engines. Being able to pivot so quickly from acquisition to international deployment testifies to the nimbleness, skill and leadership of Plug Power’s global operations.

This deployment also opens the door to further investment in Japan. In its 2017 outline of the Basic Hydrogen Strategy, the country’s Ministry of Economy, Trade and Industry noted that “it is necessary to develop innovative technologies for highly efficient water electrolysis for hydrogen production, as well as…highly reliable, low-cost fuel cells.” Japan’s interest in further developing hydrogen production solutions indicates its potential as a robust market for the kind of hydrogen solutions Plug Power can provide.

Additionally, Plug Power celebrates this deployment as yet another step towards achieving the goals laid out in its 2024 plan. The company has announced a plan to deliver $1.2 billion in annual revenue by 2024 and use more than 50% green hydrogen by 2024. Thanks to the success of this plan already, Plug Power has increased that $1 billion goal to $1.2 billion. This nascent expansion into the Japanese market paves the way for the company to meet that goal, as it works to scale up deployment and help fulfill the needs of a nation eager to invest in renewable energy.

Between this acquisition and deployment, it has been exciting past few months for Plug Power. There’s no denying the ambition of the five-year plan – but every single step taken in recent weeks has demonstrated the company’s ability to fulfill those ambitions. The world’s hunger for sustainable energy solutions continues to grow, and Plug Power is uniquely positioned to meet those needs
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