Plug Power Partners with Airbus on Landmark Study to Decarbonize
Air Travel & Airport Operations with Green Hydrogen
Plug Power Inc. (NASDAQ: PLUG) announced today a strategic
partnership with Airbus to study the feasibility of bringing green
hydrogen to future aircraft and airports worldwide.
With over 20 years of history, and customers like Amazon,
Walmart and Home Depot, Plug Power is the largest buyer of liquid
hydrogen globally and has built a ‘hydrogen highway’ across the
United States, which already includes over 165 refueling stations
that service fleets of hydrogen-powered trucks, forklifts and
e-mobility vehicles from industries throughout the nation. Plug
Power’s hydrogen fuel cell technology also provides reliable,
resilient on-site backup power for businesses and institutions,
whether data centers, utilities, retailers or universities.
As part of its ambitious goal of bringing zero-emission aircraft
to market by 2035, Airbus has identified green hydrogen as one of
the most promising options to decarbonize air travel and will be
working closely with Plug Power on a joint study and roadmap that
could deliver green hydrogen to aircraft and the airport ecosystem
in the coming years.
Plug Power will build deployment scenarios for green hydrogen
infrastructure at airports, while Airbus will provide insight on
hydrogen aircraft characteristics.
“We’ve already revolutionized electric trucks and industrial
fleets on the ground, so now we’re turning our sights to the
skies,” says Andy Marsh, CEO for Plug Power. “And we’re thrilled to
start this journey with Airbus. Not only do we envision a future
where aircraft everywhere are powered by green hydrogen, but the
airports that serve them as well, including ground support
equipment, forklifts, and vehicles that shuttle consumers around
airports, and to gates. In aggregate, this should go a long way
toward building a more sustainable future for the global aviation
industry.”
Glenn Llewellyn, Airbus Vice-President, Zero-Emission Aircraft,
adds: “We at Airbus see huge potential for green hydrogen to power
our future zero-emission aircraft. This partnership with Plug Power
– a true pioneer in developing green hydrogen infrastructure across
the United States, and key points across Europe and Asia – will
enable us to leverage their expertise to decarbonize airports while
preparing them for the arrival of hydrogen aircraft by 2035.”
Today, the aviation industry represents between 2-3% of global
human-induced CO2 emissions. Airports are large cargo hubs that
traditionally rely on fossil fuels to power a wide array of ground
transport and equipment, and to heat buildings and terminals. Green
hydrogen, which is produced through the electrolysis of water with
electricity generated from renewable energy sources, has been
earmarked by a variety of industries as a potential means to
achieve their decarbonization targets, and the aviation industry is
no exception.
As part of the partnership, Plug Power and Airbus will select a
US airport to serve as the first “Hydrogen Hub” pilot airport in
North America, serving as a case study for hydrogen infrastructure
scale-up at other airports. Airbus launched its “Hydrogen Hub at
Airports” concept in 2020 to jumpstart research into infrastructure
requirements for future hydrogen aircraft, as well as low-carbon
airport operations, across the entire value chain. Plug Power and
Airbus will also consider setting up a range of joint projects as
part of this partnership to further pioneer the deployment of green
hydrogen infrastructure for aviation, at scale.
Learn more about the potential for green hydrogen in aviation.
Tune into the Plug Symposium on October 14, 2021, to hear from Mr.
Llewellyn and other industry thought-leaders. Register today at
https://cvent.me/lz49q2.
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.
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 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.
About Airbus
Airbus pioneers sustainable aerospace for a safe and united
world. The Company constantly innovates to provide efficient and
technologically advanced solutions in aerospace, defence, and
connected services. In commercial aircraft, Airbus offers modern
and fuel-efficient airliners and associated services. Airbus is
also a European leader in defence and security and one of the
world’s leading space businesses. In helicopters, Airbus provides
the most efficient civil and military rotorcraft solutions and
services worldwide. More information on www.airbus.com and on
Twitter: @Airbus @AirbusPress
Plug Power Media ContactCaitlin CoffeeAllison +
PartnersplugPR@allisonpr.com
Airbus Media ContactJames Darcy, VP
Communicationsjames.darcy@airbus.com
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