Reportedly, Plug Power, architect of modern hydrogen and fuel cell technology is expanding its relationship with Walmart Stores, Inc. (WMT) by supplying the retailer’s e-commerce network with sustainable solutions. GenKey hydrogen and fuel cell solutions offer flexibility, scalability, and fast fueling make it uniquely suitable for rapid growth and peak demands of eCommerce applications.
Plug Power has been providing Walmart with its GenKey hydrogen and fuel cell solutions since 2010 for its material handling fleet. Walmart, a leader in deploying hydrogen fuel cell technology in electric vehicles uses about 9,500 Plug Power fuel cell vehicles at 37 of its North American distribution centers.
Plug Power’s ProGen and GenDrive fuel cell solutions are used to power a wide range of logistics vehicles for a variety of customers. The company has been expanding its hydrogen and fuel cell solutions into Walmart’s eCommerce network, with the first deployments in August 2020, and plans for additional expansion this year. During the pandemic, Plug Power’s products have enabled leading retailers like Walmart to fulfill increased demand from customers at a rapid pace.
Andy Marsh, Plug Power CEO stated, “Walmart is one of our foundational customers, with our relationship rooted in trust and results as we work toward a more sustainable future together,” “This application expansion signifies the next step in our relationship as we support Walmart in their scaling eCommerce business while helping them meet the operational goals important to both Walmart and consumers.”
About Plug Power
Plug Power, an American company headquartered in Latham, New York is the architect of modern hydrogen and fuel cell technology. The company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing shift in the power, energy, and transportation industries to meet the ongoing climate change requirements along with providing efficiency gains and fulfilling sustainability goals.
Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
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