Plug Power Named to Internationally Respected Hydrogen Council as Supporting Member
September 08 2017 - 7:00AM
Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy
solutions that change the way the world moves, has been named to
the Hydrogen Council as a supporting committee member. The Hydrogen
Council is organized around the important initiative to shape the
role of hydrogen in the energy mix of the future.
The international council is currently comprised
of sixteen members, including Air Liquide, Audi, BMW GROUP,
Daimler, Toyota and Royal Dutch Shell. “I’d like to thank the
Hydrogen Council for giving Plug Power a seat at the table,” said
Andy Marsh. “We come with the experience of pioneering a hydrogen
and fuel cell market for electric vehicles with material handling
professionals. Currently, Plug Power has deployed more than 16,000
fuel cells for powering electric lift trucks and has built more
than 52 hydrogen stations in North America and Europe. These
hydrogen stations have supported more than 7.9 million refuelings,
consisting of 4.9 million kilograms of hydrogen dispensed.”
Launched at the World Economic Forum 2017 in
Davos, the growing coalition of 16 CEOs have the ambition to:
- Accelerate their investment in the development and
commercialization of the hydrogen and fuel cell sectors
- Encourage key stakeholders increase their backing of hydrogen
as part of the future energy mix with appropriate policies and
supporting schemes.
As part of the global drive to electrification,
Plug Power has entered new electric vehicle markets, specifically
ground support equipment and electric delivery vans. These
applications and others promote the advancement of hydrogen fueling
and accelerate commercialization of hydrogen-fueled products.
A majority of Plug Power’s end-user hydrogen
fueling stations are deployed within the material handing industry.
Fuel cell-powered lift trucks use hydrogen as a fuel source –
seeing increased productivity, reduced operational costs and lower
site greenhouse gas emissions as a result.
The Council looks to increase activities over
the course of their inaugural year, beginning with an upcoming
Investor Day, to be held on the afternoon of September 18th in New
York, in parallel with the Sustainable Investment Forum, the
largest finance-focused event taking place during New York Climate
Week in September 2017. This event will engage both investors and
key financing players within hydrogen markets and stimulate a
conversation around the potential offered by the implementation of
hydrogen deployment solutions at scale.
About Plug Power Inc.The
architect of modern hydrogen and fuel cell technology, Plug Power
is the innovator that has taken hydrogen and fuel cell technology
from concept to commercialization. Plug Power has revolutionized
the material handling industry with its full-service GenKey
solution, which is designed to increase productivity, lower
operating costs and reduce carbon footprints in a reliable,
cost-effective way. The Company’s GenKey solution couples together
all the necessary elements to power, fuel and serve a customer.
With proven hydrogen and fuel cell products, Plug Power replaces
lead acid batteries to power electric industrial vehicles, such as
the lift trucks customers use in their distribution
centers.
Extending its reach into the on-road electric
vehicle market, Plug Power’s ProGen platform of modular fuel cell
engines empowers OEMs and system integrators to rapidly adopt
hydrogen fuel cell technology. ProGen engines are proven today,
with thousands in service, supporting some of the most rugged
operations in the world. Plug Power is the partner that customers
trust to take their businesses into the future.
www.plugpower.com.
About the Hydrogen Council:In
the first global initiative of its kind, the Hydrogen Council is
determined to position hydrogen among the key solutions of the
energy transition. Hydrogen is a versatile energy carrier with
favourable characteristics since it does not release any CO2 at the
point of use as a clean fuel or energy source, and can play an
important role in the transition to a clean, low-carbon, energy
system. Hydrogen technologies and products have significantly
progressed over past years and are now being introduced to the
market. The Council will work with, and provide recommendations to,
a number of key stakeholders such as policy makers, business and
hydrogen players, international agencies and civil society to
achieve these goals.
The Hydrogen Council’s member companies – who
collectively represent total revenues of over € 1.3 trillion and
more than 2.06 million employees around the world1 - include: Air
Liquide, Alstom, Anglo American, Audi, BMW GROUP, Daimler, ENGIE,
Faber Industries, Faurecia, First Element Fuel (True Zero), Gore,
Honda, Hyundai Motor, Iwatani, Kawasaki, Mitsui & Co, Plastic
Omnium, Plug Power, Royal Dutch Shell, Statoil, The Linde Group,
Total, Toyota and Toyota Tsusho.
_____________________
1 Company figures from financial years 2015
and 2016
Plug Power Media Contact
Teal Vivacqua
media@plugpower.com
Plug Power Investor Relations Contact
John Cococcia
investorrelations@plugpower.com
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