Plug Power Inks Deal To Fuel Walmart's Fleet Of Material Handling Lift Trucks

by Shivani Kumaresan, Benzinga Staff Writer

April 19, 2022 9:09 AM | 1 min read |

Plug Power Inc PLUG has signed an agreement with retailer Walmart Inc WMT for an option to deliver up to 20 tons per day of liquid green hydrogen.
The hydrogen will power material handling lift trucks across Walmart distribution and fulfillment centers in the U.S.
The partnership is a part of Walmart’s aim to incorporate alternative zero-carbon energy sources in its supply chain.
Walmart has worked with Plug Power to adopt and expand hydrogen fuel cells throughout its facilities for over a decade.
Green hydrogen is produced through the electrolysis of water with electricity generated from zero-carbon sources.
Price Action: PLUG shares are trading higher by 7.67% at $27.51 in premarket on the last check Tuesday.

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