Plug Power and BAE Systems Partner on Hydrogen-Powered Electric Buses - Seite 2

“We’re excited to work with BAE Systems, a pioneer in clean energy solutions for sustainable transportation, to bring the benefits of green hydrogen to transit systems in North America,” said Plug Power CEO Andy Marsh. “This strategic partnership will play an instrumental role in advancing our on-road applications strategy and delivering new growth opportunities that help meet our year-end 2025 goals, including annual production of 500 tons of green hydrogen daily.”

“For years, BAE Systems’ electric propulsion solutions have helped the world’s leading cities to reduce harmful emissions and improve quality of life for residents. Now, with Plug Power, we’re taking the next step,” said Steve Trichka, vice president and general manager of Power & Propulsion Solutions at BAE Systems. “Advanced hydrogen fuel cell applications will play a critical role in achieving zero-emissions transportation goals.”

This partnership expands both companies’ reach into the market for commercial on-road applications, as demand for zero-emission power solutions grows alongside efforts to decarbonize transportation. This framework agreement with BAE Systems also aligns with Plug Power’s global strategy to promote the adoption of hydrogen fuel cell technology in on- and off-road electric vehicle fleets. The company recently announced a memorandum of understanding with French automaker Groupe Renault to create a joint venture in electric fuel cell commercial vehicles and hydrogen turn-key solutions for customers in Europe.

About Plug Power

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 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.