Pressiteade
The Alpine F1 collaboration will be a complement to the Joint Ventureunder preparation for Renault Group and Plug Power to explore opportunities forhydrogen solutions in on-road vehicles as part of its commitment to sustainablemobility. In January 2021, the Renault Group and Plug Power announced thesignature of a memorandum of understanding to jointly develop the hydrogenpowertrain for light commercial vehicles in Europe, targeting 30% share ofmarket, in line with Groupe Renault CEO Luca de Meo’s strategic vision detailedin Renaulution in January.
Laurent Rossi, ChiefExecutive Officer, Alpine: “We are delighted to partner with Plug Poweracross multiple activities, in motorsport and roadcars, to explore differentmobility solutions. Renault Group is committed to developing sustainabletechnology that will create minimal impact on the environment while being opento all road-users. Hydrogen fuel cells are an innovation that is well worthfurther investigation and Plug Power are the market leader. We look forward toworking with them.”
Andy Marsh, Chief ExecutiveOfficer, Plug Power: “The breadth of opportunities for hydrogen fuelcell-powered hybrid electric vehicles is endless. Plug Power is encouraged towork on filling the need for sustainable solutions for activities inmotorsport, on-road vehicles, and beyond.”
Plug Power is a global company engaged in the development of greenhydrogen and fuel cell systems dedicated to electric vehicles. It has extendedits reach into the on-road electric vehicle market, with its ProGen platform ofmodular fuel cell engines empowering OEMs and system integrators to rapidlyadopt hydrogen fuel cell technology. ProGen engines are proven today, withthousands in service, supporting some of the most rugged operations in theworld.
About Plug Power
Plug Power is building the hydrogen economy as the leading provider ofcomprehensive hydrogen fuel cell turnkey solutions. The Company’s innovativetechnology powers electric motors with hydrogen fuel cells amid an ongoingparadigm shift in the power, energy, and transportation industries to addressclimate change and energy security, while meeting sustainability goals. PlugPower created the first commercially viable market for hydrogen fuel celltechnology. As a result, the Company has deployed over 40,000 fuel cell systemsfor e-mobility, more than anyone else in the world, and has become the largestbuyer of liquid hydrogen, having built and operated a hydrogen highway acrossNorth America. Plug Power delivers a significant value proposition toend-customers, including meaningful environmental benefits, efficiency gains,fast fueling, and lower operational costs. Plug Power’s vertically-integratedGenKey solution ties together all critical elements to power, fuel, and provideservice to customers such as Amazon, BMW, The Southern Company, Carrefour, andWalmart. The Company is now leveraging its know-how, modular product architectureand foundational customers to rapidly expand into other key markets includingzero-emission on-road vehicles, robotics, and data centers. Learn more at www.plugpower.com.
Forward-Looking Statements
This communication contains "forward-looking statements"within the meaning of the Private Securities Litigation Reform Act of 1995 thatinvolve significant risks and uncertainties about Plug PowerInc.("PLUG"), including but not limited to statements about PLUG'sexpectations regarding its multi-year investment and growth , PLUG’s cleanhydrogen technology and fuel cell solutions playing a critical role inachieving climate and decarbonization goals, deepening of relationships withkey stakeholders, and acceleration of demand and adoption of hydrogentechnology . You are cautioned that such statements should not be read as aguarantee of future performance or results, and will not necessarily beaccurate indications of the times that, or by which, such performance orresults will have been achieved. Such statements are subject to risks anduncertainties that could cause actual performance or results to differmaterially from those expressed in these statements. For a further descriptionof the risks and uncertainties that could cause actual results to differ fromthose expressed in these forward-looking statements, as well as risks relatingto the business of PLUG in general, see PLUG’s public filings with theSecurities and Exchange Commission, including the “Risk Factors” section ofPLUG’s Annual Report on Form 10-K for the year ended December 31, 2019 andQuarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30,2020 and September 30, 2020. Readers are cautioned not to place undue relianceon these forward-looking statements. The forward-looking statements are made asof the date hereof, and PLUG undertakes no obligation to update such statementsas a result of new information.
Plug Power Media Contact
Ian Martorana
The Bulleit Group
(415) 237-3681
