Plug Power Inc, energy solutions provider, has announced that it has reached an agreement with Amazon to utilise Plug Power fuel cells and hydrogen (H2) technology in its fulfilment network.
At select fulfillment centre locations, Amazon will begin powering its industrial equipment such as forklifts using the GenKey technology which will enable faster charging times, reduced costs, and support energy-efficiency in Amazon’s fulfillment operations. Revenues associated with the commercial agreements are expected to be around $70m in 2017.
Andy Marsh, CEO of Plug Power, said, “This agreement is a tremendous opportunity for Plug Power to further innovate and grow while helping to support the work Amazon does to pick, pack and ship customer orders.”
“Our H2 fuel cell technology, comprehensive service network, and commitment to providing cost-savings for customers has enabled Plug Power to become a trusted partner to many in the industry and we are excited to begin working with Amazon,” Marsh continued.
Additionally, Amazon and Plug Power will begin working together on technology collaboration, exploring the expansion of applications for Plug Power’s line of ProGen fuel cell engines.