Taylor-Wharton supports the strategic growth of Plug Power hydrogen fuel cell material handling infrastructure build out.
Taylor-Wharton America, a wholly owned subsidiary of Air Water Inc., a leading provider of cryogenic gases (including liquid hydrogen (LH2) storage and distribution equipment, and Plug Power (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, announce strategic alliance to continue to build out the hydrogen fuel cell infrastructure in the material handling industry powered by Plug Power’s GenDrive technology.
Plug Power approached Taylor-Wharton in 2016 about designing an optimized LH2 tank which continues to be incorporated into their proprietary fueling system.
Taylor-Wharton is now providing Plug Power LH2 distribution trailers in addition to increasing production output of LH2 tanks to support Plug Power’s growth plans. Air Water has made leasing solutions available to Plug Power for this equipment, both which are critical components to the hydrogen fuel cell supply chain.
Eric Rottier, Chairman & CEO Taylor-Wharton:
It’s exciting to see the continued penetration of Plug Power’s GenDrive in the material handling industry as the most cost effective and productive solution that also operates with zero emissions
“We’re proud to be able to supply critical equipment and leasing solutions to enable faster market adoption for this environmentally important technology.”
Plug Power is the leader in providing commercially viable hydrogen and fuel cells to global leaders in the material handling space, including Walmart, Amazon, Home Depot, Carrefour, and others.
In parallel, Plug Power is the largest user of liquid hydrogen today, and is building out the first nationwide green hydrogen network in 2021. This network is expected to produce 50 tons of green hydrogen by 2022, and 500 tons by 2025.
The Company’s GenDrive fuel cell is a direct replacement for batteries in forklifts, eliminating the need to recharge or change the batteries which, in turn, eliminates unproductive time and the need for a battery room.
Plug Power has more than 40,000 GenDrive-powered vehicles deployed today. And, by 2024, Plug Power expects to have more than 125,000 cumulative GenDrive deployments globally.
Keith Schmid, COO at Plug Power:
As the demand for clean energy in material handling applications continues to grow, it is important to have strategic alliances in place to grow a green hydrogen network within the $10T+ hydrogen economy
“We value our relationship with Taylor-Wharton as we grow beyond material handling into supplying green hydrogen to adjacent applications.”
TAYLOR-WHARTON AMERICA AND PLUG POWER ANNOUNCE A STRATEGIC ALLIANCE, February 11, 2021
