Published by Todd Bush on October 19, 2022
LATHAM, N.Y., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced an agreement with FreezPak Logistics, a leading third party food logistics company, to provide fuel cells and hydrogen storage and fueling infrastructure to nine additional sites and nearly 400 lift trucks.
>> In Other News: Air Liquide, Chevron, LyondellBasell, and Uniper to Pursue Lower Carbon Hydrogen and Ammonia Project Along the U.S. Gulf Coast
The multi-site agreement makes FreezPak Logistics, a Plug customer since 2014, a pedestal customer — joining other leading companies, such as Amazon, Walmart and Home Depot. The agreement includes providing hydrogen infrastructure and fuel cells for lift trucks at four existing FreezPak Logistics sites, along with five additional sites scheduled for 2023. In total, Plug will support 11 customer sites across the U.S., including the three sites already in operation.
“FreezPak Logistics has been a longstanding believer in Plug’s innovative technology and hydrogen fuel cells,” Andy Marsh, Plug CEO, said. “We are thrilled to expand our partnership, which further improves the American supply chain and decreases carbon emissions.”
As a Plug customer for eight years, FreezPak Logistics has witnessed firsthand the benefits of transitioning from lead-acid batteries to hydrogen fuel cells. The company reported seeing a productivity boost of 100% because fuel cells operate at full power throughout a shift, while batteries require frequent recharging.
“FreezPak continually strives for ways to be more efficient, sustainable and increase productivity,” Dave Saoud, FreezPak Logistics Co-Founder/CEO, said. “Given our long-term relationship with Plug, it makes sense to work together toward a common vision — progression and reducing carbon emissions.”
In addition to greenhouse gas reduction, FreezPak Logistics saw electricity bills drop by 31.5% and an increase in usable space by up to 5,000 square feet per location.
Michael Saoud, FreezPak Logistics Co-Founder/CEO, said, “We are committed to clean energy and solutions that boost our operations. Improving uptime and continuing our path with innovation, we are excited to grow our partnership with Plug.”
Improving the global supply chain through increased productivity is at the core of Plug’s material handling business. During the height of the COVID-19 pandemic, Plug's robust solutions were operating at 99% efficiency and moved approximately 30% of the retail food and groceries through the U.S. to support the needs of customers like FreezPak Logistics.
Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 50,000 fuel cell systems and over 165 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is building a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by 2025. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications. For more information, visit https://www.plugpower.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
New CTO Helin Cox to Propel Climeworks’ Carbon Removal Tech to the Next Level
Zürich April 1st, 2025 – Helin Cox, an experienced engineer with a track record of successfully scaling critical climate technologies, joins Climeworks as Chief Technology Officer, effective immedi...
New Technology Leverages Renewable Energy Solutions and Advances Conagra's Climate Change Goals CHICAGO, April 1, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) and Bloom Energy (NYSE: BE),...
Vitry-le-François, France – April 2, 2025, 08:00 am (CET) – Haffner Energy (ISIN: FR0014007ND6 – Ticker: ALHAF) (the "Company") announces the success of its €6,995,496M cash Capital Increase with p...
The Texas Railroad Commission permits provide for 12 salt caverns capable of storing natural gas, hydrogen, natural gas liquids and other products at TRU Hub, which is located in Southeast Texas in...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.