The partnership aims to accelerate the transition of the aviation industry to climate neutral air transport
LATHAM, NY, October 13, 2021 (GLOBE NEWSWIRE) – Connect the power supply inc. (NASDAQ: PLUG) today announced a strategic partnership with Airbus to study the feasibility of bringing green hydrogen to future planes and airports around the world.
With over 20 years of history and customers like Amazon, Walmart and Home Depot, Plug Power is the world’s largest buyer of liquid hydrogen and has built a “hydrogen highway” across the United States, which already includes more than 165 refueling stations serving the fleets. hydrogen trucks, forklifts and electric mobility vehicles from industries across the country. Plug Power’s hydrogen fuel cell technology also provides reliable and resilient on-site backup power for businesses and institutions, whether they are data centers, utilities, retailers or universities. .
As part of its ambitious goal of bringing zero-emission aircraft to market by 2035, Airbus has identified green hydrogen as one of the most promising options for decarbonizing air transport and will work closely with Plug Power on a joint study and a roadmap that could deliver green hydrogen to aircraft and the airport ecosystem in the years to come.
Plug Power will develop scenarios for the deployment of green hydrogen infrastructure in airports, while Airbus will provide information on the characteristics of hydrogen aircraft.
“We’ve revolutionized electric trucks and industrial fleets in the field before, so now we’re looking up to the sky,” says Andy Marsh, CEO of Plug Power. “And we are delighted to start this journey with Airbus. Not only do we envision a future where planes are powered by green hydrogen everywhere, but the airports that serve them as well, including ground support equipment, forklifts and vehicles that transport consumers around airports. and at the boarding gates. Overall, this should go a long way in building a more sustainable future for the global aviation industry. “
Glenn Llewellyn, Airbus Vice President, Zero-Emission Aircraft, adds: “At Airbus, we see huge potential for green hydrogen to power our future zero-emission aircraft. This partnership with Plug Power, a true pioneer in the development of green hydrogen infrastructure in the United States, and key points in Europe and Asia, will allow us to take advantage of their expertise to decarbonize airports while preparing them for arrival. hydrogen planes by 2035. “
Today, the aeronautical industry represents between 2 and 3% of the global CO of human origin2 emissions. Airports are major freight hubs that have traditionally relied on fossil fuels to power a wide range of ground transportation and equipment, and to heat buildings and terminals. Green hydrogen, which is produced by electrolysis of water with electricity produced from renewable energy sources, has been identified by various industries as a potential way to achieve their decarbonization goals, and the aviation industry is no exception.
As part of this partnership, Plug Power and Airbus will select an American airport that will serve as the first “Hydrogen Hub” pilot airport in North America, serving as a case study for scaling up hydrogen infrastructure in d ‘other airports. Airbus launched its “Hydrogen Hub at Airports” concept in 2020 to launch research into the infrastructure needs of future hydrogen aircraft, as well as low-carbon airport operations, across the entire value chain. Plug Power and Airbus will also consider setting up a series of joint projects under this partnership to deepen the deployment of green hydrogen infrastructure for aviation, on a large scale.
Learn more about the potential of green hydrogen in aviation. Tune in to the Plug Symposium on October 14, 2021 to hear from Mr. Llewellyn and other industry thought leaders. Register today at https://cvent.me/lz49q2.
About the power plug
Plug Power builds the hydrogen economy as a leading provider of complete turnkey hydrogen fuel cell solutions. The company’s innovative technology powers electric motors with hydrogen fuel cells as part of an ongoing paradigm shift in the electricity, energy and transportation sectors to combat climate change and energy security, while achieving sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell technology. As a result, the Company has deployed more than 50,000 fuel cell systems for electric mobility, more than anyone else in the world, and has become the largest purchaser of liquid hydrogen, having built and operated a hydrogen highway. across North America. Plug Power offers a significant value proposition to end customers, including significant environmental benefits, efficiency gains, rapid refueling and reduced operating costs. Plug Power’s vertically integrated GenKey solution connects all the critical elements to power, power and provide services to customers such as Amazon, BMW, The Southern Company, Carrefour and Walmart. The company is now leveraging its know-how, modular product architecture and core customers to grow rapidly in other key markets, including zero-emission road vehicles, robotics and data centers. Learn more about www.plugpower.com.
Plug Power Safe Harbor Declaration
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties regarding Plug Power Inc. (“PLUG”), including, but not limited to, statements on PLUG’s expectations for its years of investment and growth, with clean hydrogen technology and fuel cell solutions from PLUG playing a critical role in achieving climate and decarbonization goals, deepening relationships with key stakeholders and accelerating demand and adoption of hydrogen technology. You are cautioned that such statements should not be interpreted as a guarantee of future performance or results, and will not necessarily be precise indications of when, or by which, such performance or results will have been achieved. Such statements are subject to risks and uncertainties which could cause actual performance or results to differ materially from those expressed in such statements. For a more detailed description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as the risks associated with PLUG’s business in general, see PLUG’s public documents with the Securities and Exchange Commission, including the “Risk Factors” section of PLUG’s annual report on Form 10-K for the year ended December 31, 2020 and quarterly reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are made as of the date hereof, and PLUG assumes no obligation to update such statements as new information becomes available.
Airbus is the pioneer of sustainable aerospace for a secure and united world. The Company is constantly innovating to provide efficient and technologically advanced solutions in the fields of aerospace, defense and connected services. In the area of commercial aircraft, Airbus offers modern, fuel-efficient airliners and related services. Airbus is also a European leader in defense and security and one of the world’s leading space companies. In the helicopter business, Airbus provides the world’s most efficient civil and military rotorcraft solutions and services. More information on www.airbus.com and on Twitter: @Airbus @AirbusPress
Connect Power Supply Media Contact
Allison + Partners
Airbus media contact
James Darcy, Vice President of Communications