Plug Power has reached an agreement with Amazon to utilise Plug Power fuel cells and hydrogen technology in its fulfilment network. At select fulfilment centre locations, Amazon will begin powering its industrial equipment such as forklifts using the GenKey technology which will enable faster charging times, reduce costs, and support energy-efficiency in Amazon’s fulfilment operations. The projected revenues associated with this commercial agreement is expected to be around $70 million in 2017.
“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,” said Andy Marsh, CEO of Plug Power. “Our hydrogen 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.” 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. More information about the agreement here.
Photo Credit: Fuel Cell Today