Plug Power Secures Carrefour Group as Retail GenDrive Fuel Cell Customer in France
July 19 2016 - 7:00AM
Carrefour Group is second-largest retailer in the
world, serving 13 million customers around the world every day
LATHAM, N.Y., July 15, 2016 (GLOBE NEWSWIRE) --
Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy
solutions that change the way the world moves, announces The
Carrefour Group as a new GenDrive fuel cell customer in Europe. The
retailer will purchase more than 150 GenDrive units, to be
deployed in STILL-brand class-2 and class-3 electric lift
trucks at Carrefour's brand new distribution center located in
Vendin-lès-Béthune, France.
Headquartered just outside Paris, The Carrefour
Group is the leading retailer in Europe and the second-largest
retailer in the world, employing more than 380,000 people. With
more than 12,300 stores in 30 countries, it generated total
revenues of €104.4 billion in 2015. Securing Carrefour as a
GenDrive customer is a significant milestone for Plug Power in
building its business in Europe, and provides critical validation
for hydrogen and fuel cells throughout the continent.
The agreement is part of a significant roll out of
Plug Power's GenDrive fuel cell solution in European countries,
where many firms are seeking new technologies that can deliver
higher productivity and better environmental sustainability. This
supports Carrefour's commitments to responsible retailing,
including reducing energy consumption by 30 percent and greenhouse
gas emissions by 40 percent by 2025.
In new facilities, like Carrefour's Vendin
distribution center, the use of hydrogen allows companies to avoid
the high costs of building a battery room and related upgrades to
electrical infrastructure, and instead apply that budget to more
cost-effective hydrogen infrastructure. Carrefour's hydrogen
infrastructure will be completed in the coming months enabling the
project to be commissioned in late 2016.
Plug Power's GenDrive fuel cell solution displaces
lead-acid batteries in electric lift trucks and enables customers
to increase the productivity of their operations, while reducing
operational costs. Plug Power's product line of
CE-certified GenDrive units are available today for use in European
material handling customers.
"It is clear to Plug Power that Carrefour is
committed to innovation and looking for ways to operate responsibly
and improve working conditions for employees and stakeholders,"
said Andy Marsh, CEO of Plug Power. "Plug Power understands why
Carrefour found our GenDrive fuel cell solutions in line with its
philosophy to adopt clean energy in its daily operations and we
look forward to helping this new customer grow its
businesses."
This project will receive funding from Fuel Cells
and Hydrogen Joint Undertaking emanating from the European
Union.
About Plug Power
Inc.
The architects of modern hydrogen and fuel cell technology, Plug
Power has revolutionized the industry with its simple GenKey
solution, elements of which are designed to increase productivity,
lower operating costs and reduce carbon footprints in a reliable,
cost-effective way. Plug Power's GenKey solution couples together
all the necessary elements to power, fuel and service a customer.
Plug Power is the partner that customers trust to take their
businesses into the future.
For more information about Plug Power,
visit www.plugpower.com.
About
Carrefour
As a multi-local, multi-format, and omni-channel retailer,
Carrefour employs more than 380,000 people worldwide. With 12,100
stores in more than 30 countries, the group generated revenues of
€104.4 billion under banners in 2015. Carrefour is a partner for
daily life. Every day, it welcomes more than 13 million customers
around the world. Carrefour is committed through its actions to
sustainable and responsible trade. The Group's Corporate Social
Responsibility worldwide approach is built on three pillars:
fighting against waste in all its forms, protecting biodiversity
and working alongside the company's partners.
For more information: www.carrefour.com, @CarrefourGroup on
Twitter
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media@plugpower.com
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Source: Plug Power Inc. via Globenewswire
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