Plug Power Secures Colruyt Group as GenDrive Customer in Belgium
November 19 2015 - 7:00AM
Supermarket Chain Will Add 200 Zero Emission
Hydrogen Fuel Cells to Its Distribution Facility in Belgium
LATHAM, N.Y., Nov. 19, 2015 (GLOBE NEWSWIRE) --
Plug Power Inc. (NASDAQ:PLUG), a leader in providing clean,
reliable energy solutions, announces European supermarket leader
Colruyt Group as its next GenDrive fuel cell customer in Europe.
Colruyt Group will use 200 GenDrive units in its Halle, Belgium,
facility. The units will be rolled-out in two phases: 75 units in
phase one and 125 in phase two.
Colruyt Group distinguishes itself through the
value-driven craftsmanship of its products and the sustainable
entrepreneurship in its operations. The company's sustainability
initiatives involve optimizing its own operations and collaborating
with others in its supply chain to minimize its impact on the
environment.
Adoption of the GenDrive fuel cell solution
enhances this initiative - Colruyt Group increases efficiency of
its workers, in a safer environment by removing lead-acid batteries
from the work place. GenDrive is powered by clean hydrogen fuel,
generating only heat and water as byproducts.
Colruyt Group is an €8.6 billion chain of
supermarkets in Belgium and France. "Already for many years,
sustainable entrepreneurship has been embedded in the Colruyt
Group's DNA as an essential part of our business culture," said
Jonas Cautaerts, Project Engineer Energy & Environment. "We aim
to set a positive spiral in motion from an economic perspective but
also to create added value in the social and ecological field. Step
by step, bit by bit, we are making progress, although we realize
that this is an ongoing process. Hydrogen is one of the many
projects we have developed to reduce our ecological impact."
"Plug Power's GenDrive hydrogen fuel cell systems
fits nicely with the technology-forward mission and innovative
operational leadership of Colruyt Group," said Andy Marsh, CEO for
Plug Power. "The company's use of GenDrive benefits its operations,
its employees and its communities. We look forward to helping the
company continue to grow its sustainability efforts as its business
grows in Europe."
The value delivered by hydrogen fuel cells is
shared by Plug Power customers in North America and Europe alike.
Plug Power continues to expand its operations in the $20 billion
European electric lift truck market with its hydrogen and fuel cell
products. The Plug Power European sales team is currently targeting
manufacturing and distribution customers in European territories
where the value of increased productivity is especially high.
About Plug Power
Inc.
The powerhouse in hydrogen fuel cell technology,
Plug Power is revolutionizing the industry with cost-effective
solutions that increase productivity, lower operating costs and
reduce carbon footprint. Its signature solution, GenKey, provides
an all-inclusive package for customers, incorporating GenFuel
hydrogen and fueling infrastructure, GenCare aftermarket service
and either GenDrive or ReliOn fuel cell systems. GenDrive, a
lead-acid battery replacement, is used in electric lift trucks in
high-throughput material handling applications. With more than
9,000 GenDrive units deployed with material handling customers,
GenDrive has been proven reliable with over 107 million hours of
runtime. Plug Power manufactures tomorrow's incumbent power
solutions today, so customers can POWERAhead. Additional
information about the Plug Power brands is available at
www.plugpower.com.
Plug Power Inc. Safe Harbor
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about Plug Power Inc. ("PLUG"), including but not limited to
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GenFuel hydrogen infrastructure construction and order bookings, as
well as growth in new customers and other growth opportunities. You
are cautioned that such statements should not be read as a
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lines; our ability to successfully expand internationally; our
ability to improve system reliability for our GenDrive, ReliOn and
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Commission. For additional disclosure regarding these and other
risks faced by PLUG, see disclosures contained in PLUG's public
filings with the Securities and Exchange Commission (the "SEC")
including, the "Risk Factors" section of PLUG's Annual Report on
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as a result of new information.
CONTACT: Media Contact
Teal Vivacqua
518.738.0269
media@plugpower.com
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Source: Plug Power Inc. via Globenewswire
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