First Commercial Scale Deployment of Fuel Cells for On-Road Logistics

The new hydrogen fuel cell-powered delivery vehicles will have a significantly increased range

LATHAM, N.Y., May 28, 2019 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, announced a new agreement with electric vehicle manufacturer StreetScooter. With this partnership, StreetScooter will initially deliver 100 hydrogen fuel cell-powered trucks for on-road use in series production to Deutsche Post DHL, starting in 2020. Deutsche Post DHL is the world’s largest logistics and mail communication service.

StreetScooter’s electric delivery vehicles will be built leveraging Plug Power’s ProGen hydrogen fuel cell engines (containing its new MEA and metal plate stack technology) to provide the vehicle with increased drive time—without the need for long charge hours—and improved efficiency through clean and sustainable technology. With the addition of Plug Power’s ProGen fuel cell engine, StreetScooter vans will have an effective range covering distances of up to 500 km.

“It’s our mission to help change the way our customers operate, providing them with reliable and sustainable mobile solutions to improve operational efficiency,” said Fabian Schmitt , CTO, StreetScooter. “Working with Plug Power to incorporate hydrogen fuel cell technology into our vehicles is yet another way we’re able to deliver on that promise.”

“The European Union is committed to reducing its CO2 emissions through the use of hydrogen technology by 2020; it’s exciting to see governments taking that initiative towards a cleaner and more sustainable future,” said Andy Marsh, CEO, Plug Power. “These ambitions start to take off when private corporations take the lead and start driving these goals from the ground up. DHL’s commitment towards a cleaner future is the perfect example, and we couldn’t be prouder to be part of this work.”

Plug Power leads the hydrogen economy with cutting-edge fuel cells and hydrogen technologies. The company is proud to have been the first to create an industry for hydrogen fuel cell systems in electric mobility, and now to be first to deploy hydrogen fuel cell engines at scale in the last mile. The company, working with some of the world’s leading logistics companies, is uniquely positioned to take its expertise, technology, and “know-how” to the road application, providing commercial scale, sustainable and efficient electrification solutions for on-road fleet vehicles.

About Plug Power Inc.

The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization. Plug Power has revolutionized the material handling industry with its full-service GenKey solution, which is designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. The Company’s GenKey solution couples together all the necessary elements to power, fuel and serve a customer. With proven hydrogen and fuel cell products, Plug Power replaces lead acid batteries to power electric industrial vehicles, such as the lift trucks customers use in their distribution centers. Extending its reach into the on-road electric vehicle market, Plug Power’s ProGen platform of modular fuel cell engines empowers OEMs and system integrators to rapidly adopt hydrogen fuel cell technology. ProGen engines are proven today, with thousands in service, supporting some of the most rugged operations in the world. Plug Power is the partner that customers trust to take their businesses into the future. www.plugpower.com.

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