WNY/Plug Power Provides Walmart with Green Hydrogen to Power Its Fleet of Material Handling Forklifts – Video News Service

Liquid green hydrogen to power up to 9,500 forklifts at Walmart’s fulfillment and fulfillment centers, supporting the retailer’s goal of an emissions-free future by 2040

Press release

LATHAM, NY, April 19, 2022 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, announced today today reached an agreement with Walmart Inc. (NYSE: WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen to power material handling forklifts at Walmart’s fulfillment and distribution centers in the States United States, marking another step the retailer is taking to integrate alternative carbon-free energy sources across Walmart’s entire supply chain. This is one of the first green hydrogen supply contracts for Plug, validating the company’s multi-year investment in its green hydrogen network.

“Walmart has been an early adopter of innovative hydrogen and fuel cell technology for more than a decade, and our hydrogen solutions provide a tool to improve the productivity of Walmart’s operations,” said Andy Marsh, CEO of Plug. “Now, our green hydrogen solutions will enable Walmart to achieve a significant reduction in carbon emissions. We are honored to extend our relationship with Walmart and realize our shared vision of a green hydrogen future.

Green hydrogen is produced by electrolysis of water with electricity generated from carbon-free sources and only harmless oxygen is emitted during the process, making it a clean, safe and affordable energy solution. Through Plug’s investment in its vertically integrated green hydrogen ecosystem, the company will supply green hydrogen to Walmart facilities using a liquid transport fleet that Plug has commissioned using the capabilities acquired through its recent acquisition of Applied Cryo Technologies.

Walmart has worked with Plug Power to adopt and expand hydrogen fuel cells across all of its facilities for more than a decade, starting with a 50-fleet pilot in 2012 and growing to a fleet of 9,500 and growing. Today, the retailer continues to decarbonize its operations by striving to integrate the use of green hydrogen into all of its facilities, with the goal of pursuing efficient, clean, quiet and, above all, more efficient forklift operations. durable.

“Hydrogen is critical to helping us power a more sustainable supply chain, and Plug Power’s hydrogen solutions keep us moving forward,” said Jeff Smith, senior manager of supply chain maintenance services. ‘supply. “Procuring green hydrogen can help Walmart move closer to its goal of zero emissions by 2040.”

Over the past few years, Plug has implemented a vision of a network of green hydrogen production facilities around the world to meet the demand for decarbonizing the economy and addressing the urgent challenge of climate change. The company is targeting 70 TPDs of green hydrogen production by the end of 2022 and remains on track for 500 TPDs of production in North America by 2025 and 1,000 TPDs globally by 2028 .

(NOTE – In October 2021, Plug Power announced a $290 million project at the STAMP site in Alabama City with a breakthrough breakthrough. Plug Power plans to operate a hydrogen generation facility as well as a 450-megawatt electrical substation that will support the facility and possibly other tenants at the STAMP site. The company says its hydrogen fuel production facility will create about 68 new jobs.)

About the plug

Plug is building an end-to-end green hydrogen ecosystem, from generation, storage and delivery to power generation, to help its customers achieve their business goals and decarbonize the economy. Creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 50,000 fuel cell systems and more than 165 fueling stations, more than anyone else in the world, and is the largest liquid hydrogen buyer. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is building a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and several production plants of green hydrogen which will produce 500 tons of liquid green hydrogen per day. by 2025. Plug will provide its green hydrogen solutions directly to its customers and through joint venture partners in multiple environments including material handling, electric mobility, power generation and industrial applications. For more information, visit www.plugpower.com.

Rosemary C. Kearney