Plug Power announces European deal with Asko and Toyota


Plug Power Inc., has announced a new agreement with Toyota Material Handling Norway (Toyota) to provide hydrogen (H2) fuel cells to Asko, Norway’s largest convenience goods wholesaler.

Asko will use GenDrive fuel cells to power its industrial electric forklift fleet in Trondheim, Norway. The fleet is expected to be deployed in the fourth quarter of 2017.

The agreement enables GenDrive fuel cell units to be incorporated into Asko’s Trondheim distribution center, with the possibility to convert the full 95-truck fleet to fuel cell power. Green H2 will be produced on site via electrolysis technology provided by Nel ASA, which produces electricity from solar panels. The Trondheim facility is a pilot project, and forecasts expansion potential to additional opportunities, including Asko’s 13 regional warehouses.

“Plug Power’s proven performance in Europe has attracted leading partners, like Toyota, Nel ASA and Asko, as we expand our European fuel cell presence into Norway,” explained Andy Marsh, Plug Power’s CEO. “In Europe, the value proposition remains the same – industrial electric vehicle users constantly seek productivity enhancing solutions that positively impact the bottom line. Plug Power’s GenDrive solution does this.”

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