Plug Power Selects Germany's Port of Duisburg as Location of European Headquarters
November 24 2021 - 9:29AM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey
hydrogen solutions for the global green hydrogen market, announced
its European headquarters will be located in the Port of Duisburg,
North Rhine-Westphalia, Germany.
With a significant presence in Europe for more
than ten years, Plug Power is accelerating its investment on the
continent to develop and grow the green hydrogen economy through a
new European headquarters. Duisburg, the world's largest inland
port, offers the company direct maritime supply chain connections
to Antwerp, Belgium and Rotterdam, Netherlands.
This location will allow Plug Power to
capitalize on the major assets of the Duisburg region’s industrial
area, including a large concentration of logistics and transport
customers and a highly skilled workforce. Duisburg has also been
elected as one of three hydrogen technology capital cities in
Germany, giving Duisburg a decisive role in the German energy
transition. As such, Plug Power is establishing itself at the
center of the European hydrogen ecosystem and will be well
positioned to contribute to the development of future green
hydrogen applications.
“Plug Power intends to play an important role in
the development of green hydrogen in Europe and to contribute
significantly to the European hydrogen strategy,” said Andy Marsh,
Plug Power CEO. “Our establishment of a headquarters in the Port of
Duisburg supports our ambitious objectives for leading the
build-out of a global green hydrogen ecosystem.”
Markus Bangen, CEO of duisport, also emphasized
the importance of the settlement for the port and the region:
“Sustainability is a decisive economic factor. duisport has been
working for years to establish climate-neutral transport structures
and to actively shape the energy transition in the region’s
transport and logistics sector. Hydrogen will take on a central
role in the future and is a critical element for the industrial and
logistics industries in the state of North Rhine-Westphalia and the
Port of Duisburg. We are, therefore, very pleased to welcome Plug
Power’s European headquarters to the Port of Duisburg, advancing
the development of this location as the center of hydrogen in
Germany and NRW.”
The Mayor of the City of Duisburg, Sören Link,
explained: “The location of Plug Power's European headquarters in
the Port of Duisburg underscores the international importance of
the Rhine-Ruhr metropolitan region. The city of Duisburg, one of
the most important business locations in NRW, is setting the course
for an energy transformation. Both the Hydrogen Innovation and
Technology Center and Plug Power’s new European headquarters will
create value for the port city. We look forward to continually
developing Duisburg together.”
The initial 70,000-square-foot facility will
house an innovation center with engineering labs, a monitoring,
diagnostics and technical support center, an on-site electrolyzer
enabling green hydrogen production, an inventory and logistics
center, and a training space. The extensive logistics areas of the
Port of Duisburg can accommodate future expansions, enabling the
company to meet its rapid growth plans in Europe.
About Plug Power Inc. Plug
Power is building the hydrogen economy as the leading provider of
comprehensive hydrogen fuel cell (HFC) 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 providing efficiency gains and meeting
sustainability goals. Plug Power created the first commercially
viable market for hydrogen fuel cell (HFC) 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.
About Duisburger Hafen AGMORE
THAN A PORT. Duisburger Hafen AG (duisport) owns and manages the
Port of Duisburg, the world's largest inland port. For this port
and logistics location, the duisport Group offers full-service
packages in the area of infra- and suprastructure, including
relocation management. In addition, the subsidiaries also provide
logistics services, such as the development and optimization of
transport and logistics chains, rail freight services, building
management, contract and packing logistics.
Plug Power Safe Harbor Statement This
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, 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
Duisburger Hafen AG (duisport)presse@duisport.deAndreas Bartel
+49 203 803-4465
Plug Powerplugpower@clai2.comValentine Serres +33 7 78 41 45 91
Agnès Loubière +33 6 73 16 88 53
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