LATHAM, N.Y., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc.
(https://www.plugpower.com/) (NASDAQ: PLUG), a global leader in comprehensive
hydrogen solutions for the green hydrogen economy, completed the installation
and commissioning of an electrolyzer system at an Amazon fulfillment center in
Aurora, Colorado. The one-megawatt (MW) proton exchange membrane electrolyzer is
the first for Amazon and is producing low-carbon hydrogen to fuel more than 225
hydrogen fuel cell-powered forklift trucks at the site, known as DEN8.
The Plug 1MW electrolyzer, which uses electricity and water to produce hydrogen,
is able to support up to 400 hydrogen fuel cell-powered forklift trucks. The
hydrogen produced by the electrolyzer will be compressed on site and stored in a
gaseous hydrogen storage tank for use by the forklift trucks.
"In Amazon, we have a true partner that recognizes the essential role hydrogen
plays in our collective energy future," said Plug CEO Andy Marsh. "This project
demonstrates Plug's ability to execute across the full hydrogen value chain, and
shows how we can design and implement end-to-end solutions for our customers."
To date, Plug has collaborated with Amazon to deploy more than 17,000 fuel cells
to replace batteries in forklifts in more than 80 fulfillment centers in North
America. For most of these locations, hydrogen to power the forklifts is
produced elsewhere, liquified, and delivered by trucks to an on-site storage and
dispensing system.
Plug recognized an opportunity-particularly in locations where more renewable
electricity is generated than the site needs at a given time-to use that surplus
electricity to produce and store hydrogen on site. This model also avoids the
emissions typically generated in liquifying and transporting hydrogen from one
site to another.
"Hydrogen is an important tool in our efforts to decarbonize our operations by
2040 in support of The Climate Pledge, and we're excited about our ability to
produce hydrogen at Amazon facilities through this partnership with Plug," said
Asad Jafry, the director of global hydrogen economy at Amazon. "On-site
production will make the use of hydrogen even more energy efficient for certain
locations and types of facilities."
For this project, Plug provided design, installation, commissioning, and
maintenance services for the 1MW PEM electrolyzer and hydrogen
storage-compatible with the existing refueling infrastructure and fuel cells
already in use at the site. This is the first electrolyzer system installed and
in use at an Amazon site.
About Plug
Plug is building an end-to-end green hydrogen ecosystem, from production,
storage and delivery to energy generation, to help its customers meet their
business goals and decarbonize the economy. In creating the first commercially
viable market for hydrogen fuel cell technology, the company has deployed more
than 60,000 fuel cell systems and over 180 fueling stations, more than anyone
else in the world, and is the largest buyer of liquid hydrogen. With plans to
build and operate a green hydrogen highway across North America and Europe, Plug
is operating a state-of-the-art Gigafactory to produce electrolyzers and fuel
cells, and is developing multiple green hydrogen production plants targeting
500 tons of liquid green hydrogen daily by year end 2025. Plug will deliver its
green hydrogen solutions directly to its customers and through joint venture
partners into multiple environments, including material handling, e-mobility,
power generation, and industrial applications. For more information, visit
www.plugpower.com
(https://urldefense.com/v3/__http:/www.plugpower.com__;!!NdqAjiViAO0!Pzc_gpsQdRz
Bs3dnEJDLt1z0c7sNUUiq6OUhR3WCrI2GiCNfH1mTNzoDnB_Ed58mMSYNLidp9A7xVjjg_-4$).
Plug Power Safe Harbor
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: the 1MW electrolyzer being used to produce low-
carbon hydrogen to fuel more than 225 hydrogen fuel cell-powered forklift trucks
at Amazon's site; Plug's 1MW electrolyzer being able to support up to 400
hydrogen fuel cell-powered forklift trucks; the hydrogen being produced by the
electrolyzer being compressed on Amazon's site and stored in a gaseous hydrogen
storage tank; and Plug's ability to execute across the full hydrogen value chain
and showing its ability to design and implement end-to-end solutions for its
customers. 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
(the "SEC"), including the "Risk Factors" section of PLUG's Annual Report on
Form 10-K for the year ended December 31, 2022 and any subsequent filings with
the SEC. 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
Kristin Monroe
Allison
plugPR@allisonworldwide.com (mailto:plugPR@allisonworldwide.com)
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