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Fuel cell firm transformed by Amazon deal

Tue, 04/11/2017 - 10:06 -- Xuan Zhong
Fuel cell firm transformed by Amazon deal

In a move which may send shock waves through the traditional motive power lead acid market, Plug Power, the Latham, New York, fuel cell manufacturer, has signed a multi-year contract with internet retail giant Amazon that includes the opportunity for Amazon to buy up to 23% of Plug Power.

Amazon will begin using Plug Power’s fuel cells to power its industrial equipment, including forklifts, in 11 of Amazon's fulfillment centres this year.

 

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