Plug Power Brings Hydrogen Fuel Cells to Leading UK Supermarket Retailer Asda

Nachrichtenquelle: globenewswire
03.08.2020, 13:00  |  648   |   |   

Represents UK’s First Scale Fuel Cell Deployment

LATHAM, N.Y., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of zero emission hydrogen engines and fueling solutions enabling e-mobility, is providing UK-based supermarket Asda with hydrogen fuel cell solutions to power the lift truck fleet within the retail giant’s extensive supply chain network.

Asda’s partnership with Plug Power includes a purchase order agreement for Plug Power’s full-service GenKey solution, beginning at the UK facility in Skelmersdale. The turnkey solution includes fuel cells, hydrogen fueling equipment, hydrogen and service. This new customer continues Plug Power’s growth in Europe and represents the first deployment at scale of hydrogen fuel cell technology for material handling within the United Kingdom. The effort reduces Asda’s reliance on traditional lead acid batteries for power in their material handling fleet and is part of a broader initiative designed to make the company’s operations more environmentally-friendly.

“Each new opportunity to expand the adoption of hydrogen fuel cells is an important step to building the hydrogen economy,” said Andy Marsh, CEO of Plug Power. “We’re especially excited to be partnering with an organization like Asda, which has such a proud heritage and sterling reputation. Their focus on making their organization more environmentally-friendly makes Asda an ideal partner, and we’re optimistic that this deployment is just the start of a long and fruitful relationship.”

Founded in 1949, Asda currently ranks as the UK’s third-largest supermarket retailer with a market share of over 15 percent, and annual revenues of more than £20 billion. Asda is a wholly-owned subsidiary of the multinational retailer Walmart Inc., which itself is a longtime Plug Power customer and a global leader in fuel cell adoption and commercialization in the supply chain and logistics market. Like its parent company, Asda maintains sole control over the entirety of its logistics network, which includes more than 30 distribution centers staffed by more than 12,000 employees across the UK. Part of Walmart, Asda is committed to meeting its target to remove 1 billion tonnes of emissions globally as part of Project Gigaton with 179 Asda suppliers having already signed up to this commitment, saving a significant 29 Million Metric Tonnes of emissions.

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