LATHAM, N.Y. - Plug Power Inc. (NASDAQ:PLUG), a company specializing in hydrogen fuel cell solutions, has announced a contract to provide a significant U.S. electric vehicle manufacturer with hydrogen infrastructure and fuel cell technology for its material handling fleet. The automotive facility, spanning over 6 square miles, is one of the largest in the nation dedicated to electric vehicle and battery production.
Under the agreement, Plug Power will supply the entire material handling fleet at the facility, including forklifts and tuggers, with its fuel cell solutions. The partnership also includes the installation of on-site hydrogen infrastructure, such as two liquid hydrogen storage tanks and over 10 hydrogen dispensers, to support the facility's expansion into hydrogen applications.
Andy Marsh, CEO of Plug, commented on the partnership, "This new partnership further strengthens our track record of success in the automotive industry, marking a significant leap in promoting sustainability within the sector." He added that Plug's technology is expected to enhance operational efficiency and contribute to environmental responsibility at the automotive facility.
The implementation of Plug's fuel cell solutions is projected to increase productivity, streamline operations, and maximize uptime for the facility's fleet while reducing greenhouse gas emissions. Plug Power will begin the installation and commissioning of the hydrogen infrastructure in 2024, with the facility anticipated to be fully operational by the first quarter of 2025.
Plug Power has a history of collaboration with leading car manufacturers, such as BMW (ETR:BMWG), Daimler (OTC:MBGAF), Honda (NYSE:HMC), GM, and Stellantis (NYSE:STLA), supporting their environmental and operational goals. The company is actively building a comprehensive green hydrogen ecosystem, aiming to decarbonize the economy through its technology. Plug Power has deployed over 60,000 fuel cell systems and more than 180 fueling stations worldwide and is the largest buyer of liquid hydrogen.
The information provided is based on a press release statement from Plug Power Inc.
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