Plug Power Welcomes Ole Hoefelmann as General Manager of Electrolyzer Business
January 19 2021 - 7:00AM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen,
hydrogen engines and fueling solutions enabling e-mobility, is
pleased to announce that Ole Hoefelmann is joining the Company as
General Manager of its electrolyzer business. As general manager
(GM), Mr. Hoefelmann will be responsible for the sales, product
management, product development and business strategy of Plug
Power’s PEM-electrolyzer offering. His executive experience and
industry knowledge adds to Plug Power’s management team, further
positioning Plug Power to scale the business.
Mr. Hoefelmann is an expert voice in the global hydrogen
economy. His career includes an impressive 30-year tenure at Air
Liquide S.A., with extensive international experience spanning the
US, Korea, France, Spain, Portugal, and Germany. He notably served
as CEO for Air Liquide in Iberia, COO Industrial Customers US,
Chairman of Air Liquide Advanced Materials, CEO Advanced
Technologies US, Vice President Hydrogen Energy Americas, and most
recently Vice President Markets, Strategy, Innovation, Strategic
Accounts, and Communication for the World Business Line Industrial
Merchant.
In these roles, Mr. Hoefelmann led almost 3,000 employees,
developed commercialization strategies to scale hydrogen fuel
production from small to high-volume manufacturing, influenced
safety education and protocol, and accelerated growth in new
markets, including transportation. In fact, Mr. Hoefelmann created
the Hydrogen Energy Americas organization with the purpose of
developing a strong presence in the fuel cell energy transportation
sector, resulting in Air Liquide announcing a hydrogen refueling
network in collaboration with Toyota in the Northeast US.
Additionally, the organization enabled the expansion of Air
Liquide’s Hydrogen Fueling Network in California, highlighted by
the investment in low carbon hydrogen production and distribution
in Nevada.
“I am thrilled to welcome Ole to the Plug Power team to run our
electrolyzer business,” said Andy Marsh, CEO of Plug Power. “Ole
brings three decades of hydrogen knowledge to Plug Power and his
experience and leadership is crucial in our efforts to scale our
green hydrogen and electrolyzer offering. His work has influenced
every segment of the global economy we are thriving in today. Ole
is joining Plug Power at one of the most exciting times as we
rapidly scale our green hydrogen business.”
“Plug Power’s influence on green hydrogen is undeniable as Plug
Power has built the first commercial market for fuel cells and
hydrogen, focusing on the value proposition to its customers,
leveraging Plug’s capabilities and rapidly expanding,” said Ole
Hoefelmann, new Plug Power GM for Electrolyzers. “I’m privileged to
join such a brilliant team and lead Plug Power’s successful green
hydrogen program to develop comprehensive low-cost electrolyzer
solutions, deploying 500mW by 2024. Thank you for the
opportunity.”
Mr. Hoefelmann has served as chair and vice-chair for the
California Fuel Cell Partnership (CaFCP) and Vice Chair of Fuel
Cell and Hydrogen Energy Association (FCHEA). He holds an MBA in
International Business from Saint Mary’s College in California.
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 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.
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 multi-year investment and growth , PLUG’s clean
hydrogen technology and fuel cell solutions playing a critical role
in achieving climate and decarbonization goals, deepening of
relationships with key stakeholders, and acceleration of demand and
adoption of hydrogen technology . 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, 2019 and Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2020, June
30, 2020 and September 30, 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.
SOURCE: PLUG POWER Media Contact
Ian Martorana
The Bulleit Group
plugpowerpr@bulleitgroup.com
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