Plug Power Unveils the First HYVIA Hydrogen Renault Master Van at Plug Power Symposium
October 14 2021 - 9:29AM
Plug Power Inc. (NASDAQ : PLUG), a leading provider of turnkey
hydrogen solutions for the global green hydrogen economy, will
unveil today the HYVIA hydrogen ‘Renault Master Van H2-TECH
prototype’ at the 2021 Plug Power Symposium, the first time the new
hydrogen fuel cell powered van is being shown in North America.
“The Renault Master Van is a true game-changer and will serve a
diverse array of industries throughout our ecosystem that need
powerful, clean and efficient hydrogen mobility solutions,” said
Andy Marsh, CEO for Plug Power. “Powered by our hydrogen fuel cell
technology, these spacious commercial vehicles produce no emissions
and boast a range well over 300 miles. We’re thrilled to be working
with the Renault Group and HYVIA to transform industries throughout
the world with the power and promise of green hydrogen.”
The zero emission Renault Master Van is equipped with a 30kW
fuel cell engine, based on Plug Power’s ProGen technology platform.
With over 12m3 of cargo volume, the new commercial vans are
expected to be available in 2022, have a range over 300 miles (500
kilometers), and can be refueled in just minutes, making them ideal
for any industry needing light commercial vehicles that transport
goods and packages.
"I am proud to join Andy and his team at Plug Power to unveil
our first Renault Master Van hydrogen prototypes,” said David
Holderbach, President of HYVIA. “These powerful commercial vehicles
are tailor-made for customers throughout the ecosystem that want to
hit sustainability targets, or want hydrogen powered fleets that
can go farther than conventional engines and be refueled in
minutes, and all of this without CO2 emissions.”
The vehicle unveiled today is just part of the
complete HYVIA ecosystem, which includes green hydrogen production
(electrolyzers) and distribution (hydrogen refuelling stations),
alongside a range of fuel cell-powered light commercial vehicles
(van, chassis, cab and citybus), complementary to battery electric
vehicles.
Additional prototypes that Plug Power, Renault
and HYVIA expect to unveil include:
- Master Chassis Cab H2-TECH: a large van with even more cargo
space (19m3) and a range of 250km
- Master Citybus H2-TECH: an urban minibus that can carry up to
15 passengers, ideal for businesses, municipalities and local
public services, with a range of 300km.
To learn more about Plug Power and their work with HYVIA and the
Renault Group, tune into the Plug Symposium today. Register at
plugsymposium.com.
About Plug Power
Plug Power is building the hydrogen economy as
the leading provider of comprehensive hydrogen 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 50,000 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 HYVIA
“HY” for hydrogen, “VIA” for road: HYVIA paves a
new way forward for carbon-free mobility, with hydrogen mobility
solutions. Created in June 2021, HYVIA is a joint venture equally
owned by Renault Group, a dominant player in the automotive
industry, and Plug Power, a world leader in turnkey hydrogen and
fuel cell solutions. Based in France, HYVIA offers a complete and
unique ecosystem that includes light commercial vehicles with fuel
cells, hydrogen refueling stations, supply of carbon-free hydrogen,
services for financing and maintenance of fleets. Learn more at
www.hyvia.eu
About Renault Group
Renault Group is at the forefront of a mobility
that is reinventing itself. Strengthened by its alliance with
Nissan and Mitsubishi Motors, and its unique expertise in
electrification, Renault Group comprises 5 complementary brands -
Renault, Dacia, LADA, Alpine and Mobilize - offering sustainable
and innovative mobility solutions to its customers. Established in
more than 130 countries, the Group has sold 2.9 million vehicles in
2020. It employs more than 170,000 people who embody its Purpose
every day, so that mobility brings people closer. Ready to pursue
challenges both on the road and in competition, Renault Group is
committed to an ambitious transformation that will generate value.
This is centred on the development of new technologies and
services, and a new range of even more competitive, balanced and
electrified vehicles. In line with environmental challenges, the
Group’s ambition is to achieve carbon neutrality in Europe by 2040.
Learn more at www.renaultgroup.com.
Plug Power 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 the expected commercial release in 2022 and
expected additional vehicle prototypes. 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 and Quarterly Reports on Form 10-Q for
the quarters ended March 31, 2021 and June 30, 2021. 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.
Plug Power Media Contact
Caitlin CoffeeAllison +
PartnersplugPR@allisonpr.com
HYVIA Media Contact
Isabelle BeharHYVIA Communications Director+33 6
08 71 63 31isabelle.behar@renault.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c3d0a030-466b-48e9-a5a5-c7b056240dec
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