Plug Power Customer ARYZTA Highlights Substantial Productivity Increases Through Use of GenDrive Hydrogen Fuel Cells
April 30 2020 - 7:00AM
Plug Power Inc. (NASDAQ: PLUG), the leading company building the
clean hydrogen economy, has helped international food business,
ARYZTA, streamline its logistics with hydrogen fuel cells since
2016. The implementation of fuel cell technology has driven a
tremendous increase in fleet productivity for the leader in the
frozen B2B bakery industry.
Plug Power’s fuel cells increased ARYZTA’s average
picks-per-hour by 100% in 2018, trending to a 133% increase in
2020. With this in mind, the company has set ambitious goals for
future productivity projections to reach a 188% increase in picks
per hour over the 2016 baseline. ARYZTA presents the ideal use-case
for capitalizing on productivity improvements as a result of Plug
Power’s innovative GenDrive hydrogen fuel cell technology.
“Our robust freezer application was draining our batteries and
impacting our productivity,” said Joseph Holy, Director, Logistics
at ARYZTA. “The use of the fuel cells in our Romeoville, IL
distribution center has been transformative, and has made the site
an example for others.”
Battery-powered lift trucks lose approximately 14% of their
speed over the last half of the battery charge - and this only
becomes exaggerated in freezer applications like those operated by
ARYZTA. GenDrive fuel cells maintain constant power at all times,
keeping the vehicle running at full speed throughout the entire
shift.
Fueling a GenDrive fuel cell only takes minutes at dedicated,
conveniently located fueling stations at the customer facility.
Battery changing requires 15 minutes per shift compared to two
minutes for hydrogen refueling. Over a year, that 13 minutes per
shift saved represents over 234 hours of lost productivity per
forklift truck in a three-shift operation.
“Plug Power’s fuel cell technology has been proven by the 30,000
units deployed today,” said Andy Marsh, CEO for Plug Power. “But
the productivity shown by ARYZTA is an impressive case study for
the zero-emission solution. These productivity improvements equate
to improvements to the bottom line - something that is important to
each and every customer.”
With over 300 million hours of runtime in the field, greater
than 32,000 units deployed, and more than 20 years of innovation,
Plug Power is the largest buyer of liquid hydrogen and has built
more hydrogen refueling stations than anyone else in the world,
representing an unparalleled breadth of knowledge and industry
know-how. The experience, manufacturing and supply chain
capabilities, and insights provided to long standing blue chip
clientele speak to Plug Power’s reliable integrity and ability to
ideate and innovate their offerings faster than competitors, while
remaining future-proof in the face of an ever-evolving electrified
world.
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 30,000 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.
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and uncertainties include, among other things, the risk that we
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risk that pending orders may not convert to purchase orders, in
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customers could result in a material adverse effect on our
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to fund such costs; the ability to achieve the forecasted gross
margin on the sale of our products; the risk that our actual net
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for operating expenses; the cost and availability of fuel and
fueling infrastructures for our products; market acceptance of our
products, including GenDrive, GenSure and GenKey systems; the
volatility of our stock price; our ability to establish and
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development, manufacturing, distribution and servicing and the
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ability to improve system reliability for our GenDrive, GenSure and
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competition from other traditional and alternative energy
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cost of complying with current and future federal, state and
international governmental regulations; risks associated with
potential future acquisitions; and other risks and uncertainties
referenced in our public filings with the Securities and Exchange
Commission (the “SEC”). For additional disclosure regarding these
and other risks faced by PLUG, see disclosures contained in PLUG's
public filings with the SEC including, the "Risk Factors" section
of PLUG's Annual Report on Form 10-K for the year ended December
31, 2019. You should consider these factors in evaluating the
forward-looking statements included in this presentation and not
place undue reliance on such statements. The forward-looking
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obligation to update such statements as a result of new
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SOURCE: PLUG POWER
Media Contact Ian MartoranaThe Bulleit
Group(415) 237-3681plugpower@bulleitgroup.com
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