Plug Power Named to Food Logistics’ Top Green Providers List for Fifth Year in a Row
July 02 2021 - 7:00AM
Plug Power Inc. (NASDAQ:PLUG), a leading provider of turnkey
hydrogen solutions for the global green hydrogen economy, has been
named to the Top Green Providers list for 2021 by Food Logistics,
the only publication exclusively dedicated to covering the movement
of product through the global cold food supply chain.
Food Logistics’ annual Top Green Providers recognizes companies
whose products, services or exemplary leadership is enhancing
sustainability within the cold food and beverage industry. The
editorial staff evaluates a company’s participation in such
programs as the EPA’s SmartWay and other recognized sustainability
programs; facilities that are LEED-certified and/or feature solar
panels, LED lighting and other energy saving installations and
retrofits; and other means of producing measurable reductions in
GHG emissions, to name a few.
2021 marks the fifth year in a row that Plug Power has been
named on the Top Green Providers list. Plug Power’s industry record
number of 40,000 GenDrive fuel cell units deployed have logged more
than 713 million hours of runtime in the material handling field
and over 39.9 million hydrogen fills performed.
These staggering numbers underscore the impact our products are
making on the global logistics industry and sustainability. During
the height of the pandemic, Plug Power’s robust products were
operating at 99% efficiency and moved approximately 30% of the
retail food and groceries through the United States to support the
needs of customers like Walmart, Amazon, Kroger, SuperValu,
Wegmans, and Aryzta. Plug Power fuel systems continue to run at
record high levels, and we continue to be deemed an essential
business due to our role within the global food supply chain.
"When the pandemic hit, I thought for sure that sustainability
would be pushed to the wayside. But, in fact, the complete opposite
happened. And, I couldn’t be more appreciative of the supply chain
industry’s efforts in making sustainability top of mind in every
aspect of their organization despite the many supply chain
disruptions they continue to face,” says Marina Mayer,
Editor-in-Chief of Food Logistics and Supply & Demand Chain
Executive. “Sustainability is the key to success, and the
recipients of this year’s award prove that when sustainability
matters to them, they will continue to do great things and make a
difference in the industry.”
“We recently increased our green hydrogen generation targets to
500 tons per day by 2025 and 1,000 tons per day before 2028.
Working with partners, Plug Power has continued to make progress on
moving multiple plants forward with expected completion of two
green hydrogen generation plants by the end of 2022,” said Andy
Marsh, Plug Power CEO. “We remain committed to building a
resilient, first of a kind, green hydrogen network in the US to
support the mission to decarbonize the broader transportation and
logistics industries, a mission shared by both Plug Power and its
customers.”
About Plug PowerPlug Power is building the
green hydrogen economy as the leading provider of comprehensive
green hydrogen and fuel cell turnkey solutions. The Company’s
innovative technology powers electric motors with hydrogen fuel
cells amid an ongoing paradigm shift in the power, energy, and
transportation industries to address climate change and energy
security, while meeting sustainability goals. Plug Power created
the first commercially viable market for hydrogen fuel cell
technology. As a result, the Company has deployed over 40,000 fuel
cell systems for e-mobility, more than anyone else in the world,
and has become the largest buyer of liquid hydrogen, having built
and operated a hydrogen highway across North America. Plug Power
delivers a significant value proposition to end-customers,
including meaningful environmental benefits, efficiency gains, fast
fueling, and lower operational costs. Plug Power’s
vertically-integrated GenKey solution ties together all critical
elements to power, fuel, and provide service to customers such as
Amazon, BMW, The Southern Company, Carrefour, and Walmart. The
Company is now leveraging its know-how, modular product
architecture and foundational customers to rapidly expand into
other key markets including zero-emission on-road vehicles,
robotics, and data centers. Learn more at www.plugpower.com.
About Food Logistics
Food Logistics is the only publication exclusively dedicated to
covering the movement of product through the global cold food
supply chain, focusing on trucking, warehousing, packaging, risk
management, food safety and more. Go to www.FoodLogistics.com.
Safe Harbor StatementThis communication
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 that involve
significant risks and uncertainties about Plug Power Inc.("PLUG"),
including but not limited to statements about PLUG's expectations
regarding its business strategy and goals and its expectations
concerning its environmental, social and governance initiatives,
and its market positions and future operations or performance. You
are cautioned that such statements should not be read as a
guarantee of future performance or results, and will not
necessarily be accurate indications of the times that, or by which,
such performance or results will have been achieved. Such
statements are subject to risks and uncertainties that could cause
actual performance or results to differ materially from those
expressed in these statements. For a further description of the
risks and uncertainties that could cause actual results to differ
from those expressed in these forward-looking statements, as well
as risks relating to the business of PLUG in general, see PLUG’s
public filings with the Securities and Exchange Commission,
including the “Risk Factors” section of PLUG’s Annual Report on
Form 10-K for the year ended December 31, 2020. Readers are
cautioned not to place undue reliance on these forward-looking
statements. The forward-looking statements are made as of the date
hereof, and PLUG undertakes no obligation to update such statements
as a result of new information.
Media Contact
Ian MartoranaThe Bulleit Group(415)
237-3681plugpowerpr@bulleitgroup.com
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