Plug Power CEO to Present Hydrogen Advancements at First-Ever Hydrogen Council Investor Day
September 18 2017 - 7:00AM
Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy
solutions that change the way the world moves, will participate in
the panel discussion titled “Key Investment Opportunities in
Hydrogen Development” during the Hydrogen Council’s Investor Day.
The event is being held in New York City today during Climate Week
NYC. The event’s objective is to discuss the important
contributions of hydrogen to the energy transition and effective
implementation plans to further realize the compelling benefits of
hydrogen deployment.
This follows Plug Power’s recent nomination to
the Council as a supporting member. The Hydrogen Council,
which includes the participation of business leaders from some of
the world’s leading auto and hydrogen manufacturers, is focused on
shaping the role of hydrogen in the energy mix of the future. With
climate change and the challenges of developing a sustainable
future top-of-mind for energy providers, manufacturers and business
communties, the investor day is an opportunity for Plug Power and
other members of the Council to discuss and develop an actionable
plan that focuses on how the hydrogen industry can best finance and
deploy sustainable energy and hydrogen-powered mobility solutions
at scale in the years ahead.
“There’s a global trend towards electrification
in all aspects of our daily lives,” said CEO Andy Marsh. “This
irreversible trend is rapidly changing the vehicle landscape with
the growth of electric drivetrains for mobility. This growth in
electric vehicles will have an incredible, positive impact on
global society as a whole, and the hydrogen industry is going
to have a major role to play in powering this electrified
future.”
Currently, Plug Power has deployed over 16,000
fuel cell powered electric lift trucks and built more than 52
hydrogen stations in North America, Europe and Asia. These hydrogen
stations have supported more than 8 million fuelings, consisting of
4.9 million kilograms of hydrogen dispensed to date. The majority
of the company’s hydrogen fueling stations are deployed within the
material handling industry- facilitating increased productivity,
reduced operational costs, and lower greenhouse gas emissions for
customers such as Walmart, Amazon, Carrefour, and Home Depot.
Plug Power fuel cell solutions are driving into
new electric vehicle markets, including ground support equipment
and electric delivery vans. As the global leader in the development
and deployment of hydrogen fuel cell technology and hydrogen
fueling stations, the expansion to mobility applications beyond the
warehouse is a major part of the company’s growth strategy.
“I was honored to be invited to the Hydrogen
Council’s launch at Davos in 2017 to speak to the Council members
about how Plug Power has proven a model for viable hydrogen use,
and how we can, as an industry, effectively scale and deploy
sustainable hydrogen solutions across the globe in the years to
come,” Marsh continued. “Now, with Plug Power as a new Council
supporting member, I can’t wait to get to work with my fellow
industry colleagues and the investment community to figure out how
we can best execute and finance our vision in sculpting the global
energy economy.”
The invite-only Hydrogen Council Investor Day is
taking place at the Crowne Plaza Hotel in Times Square. For more
information on the event, as well as The Climate Group-organized
Climate Week NYC, you can visit the event page here:
http://www.climateweeknyc.org/event/hydrogen-council-investor-day.
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 Fual (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.
Plug Power Media
ContactTeal Vivacquamedia@plugpower.com
Plug Power Investor Relations
ContactJohn Cococciainvestorrelations@plugpower.com
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