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Plug Power Expands Partnership With Walmart

The hydrogen fuel-cell maker's products will be used to support Walmart's e-commerce growth.

Howard Smith
Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.

Plug Power(NASDAQ:PLUG) today announced that it is expanding its relationship with Walmart(NYSE:WMT). The maker of fuel cell engines will be supplying the retailer's e-commerce network. 

Plug Power has been providing Walmart with its hydrogen engines and fueling since 2010. Walmart uses about 9,500 Plug Power fuel cell vehicles at 37 of its North American distribution centers. 

hydrogen fuel cell electric vehicle sign on side of white truck

Image source: Plug Power.

Walmart uses Plug Power's GenKey, a range of offerings to power, fuel, and service hydrogen and fuel cell applications. Plug Power began expanding into Walmart's e-commerce in August 2020, and says it will continue that expansion into 2021. 

Uses for the company's products include material-handling trucks and automated guided vehicles. The logistics of e-commerce require a variety of product handling at warehouses, distribution centers, and stores. The company's products are also used in commercial fleets for delivery vehicles.

Jeff Smith, senior director for Walmart's supply chain, touted the benefits of Plug Power's solutions during the pandemic, saying, "At our distribution facilities across the country, our decision to be an early adopter of Plug Power's hydrogen fuel cells has helped us manage and meet the increased demand for food and basic supplies." 

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LATHAM, N.Y., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, is supplying Walmart, its first multi-site GenKey hydrogen and fuel cell customer, with sustainable solutions for use in its eCommerce network.

Plug Power has provided GenKey hydrogen and fuel cell solutions to Walmart, a leader in deploying hydrogen fuel cell technology in electric vehicles, since 2010 for its material handling fleet.

  • Plug Power supports more than 9,500 GenDrive fuel cell-powered vehicles used by Walmart at 37 distribution centers across North America.

  • Plug Power began expansion of hydrogen and fuel cell solutions into Walmart’s eCommerce network, with the first deployments in August of 2020 and additional expansion planned in 2021.

  • Flexibility, scalability, and the benefits of fast fueling make GenKey hydrogen and fuel cell solutions uniquely suited to the rapid growth and peak demands of eCommerce applications.

Plug Power products consistently operate in Walmart’s material handling fleet at 99% uptime with constant power performance. During the pandemic, Plug Power’s products have enabled leading retailers like Walmart to fulfill increased demand from customers at a rapid pace.

Plug Power’s ProGen and GenDrive fuel cell solutions are used to power a variety of logistics vehicles for a variety of customers including material handling trucks, tuggers, automated guided vehicles, airport ground support equipment, and commercial fleet vehicles (class 3-8) for middle and last mile delivery applications.

“Walmart is one of our foundational customers, with our relationship rooted in trust and results as we work toward a more sustainable future together,” said Andy Marsh, Plug Power CEO. “This application expansion signifies the next step in our relationship as we support Walmart in their scaling eCommerce business while helping them meet the operational goals important to both Walmart and consumers.”

“The challenges this year have increased demand on leading brands providing necessary goods and services to customers. At our distribution facilities across the country, our decision to be an early adopter of Plug Power’s hydrogen fuel cells has helped us manage and meet the increased demand for food and basic supplies,” said Jeff Smith, Senior Director Walmart Supply Chain. “This is why we’re excited to expand Plug Power’s proven solutions into our eCommerce network in 2021.”

About Plug Power

Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell (HFC) turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while providing efficiency gains and meeting sustainability goals.

Plug Power created the first commercially viable market for hydrogen fuel cell (HFC) technology. As a result, the Company has deployed over 38,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs.

Plug Power’s vertically integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The Company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers.

Safe Harbor Statement

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc.("PLUG"), including but not limited to statements about PLUG's expectations regarding its multi-year investment and growth , PLUG’s clean hydrogen technology and fuel cell solutions playing a critical role in achieving climate and decarbonization goals, deepening of relationships with key stakeholders, and acceleration of demand and adoption of hydrogen technology . You are cautioned that such statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will have been achieved. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings 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, 2019 and Quarterly 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 reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.

Media Contact
Ian Martorana
The Bulleit Group
(415) 237-3681
plugpowerpr@bulleitgroup.com

Sours: https://finance.yahoo.com/news/plug-power-expands-hydrogen-fuel-130000300.html
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Walmart is pulling plug on more robots

The retailer is phasing out the hulking automated pickup towers that were erected in more than 1,500 stores to dispense online orders. The decision reflects a growing focus on curbside pickup services that have become more popular during the Covid-19 pandemic and continues a broader retreat from some initiatives to use highly visible automation in stores.

Over the past year Walmart has started to remove or turn off the 17-foot-tall machines often placed at the front of stores. About 300 machines are being removed from stores, and around 1,300 “hibernated" while Walmart focuses on other services, said Larry Blue, chief executive of Bell & Howell, a Durham, N.C.-based automation services company that installed and maintains the devices for the retailer.

“The customer told us they want one pickup spot, and they want that pickup spot to be outside," said a Walmart spokeswoman.

The pickup towers act as a vending machine for online orders, holding items inside until they are collected by shoppers. Walmart frequently highlighted the machines in presentations to media and investors in recent years, saying it aimed to offer shoppers a quicker way to pick up online orders at a lower cost. Last year the company stopped using aisle-roving, inventory-tracking robots made by Bossa Nova Robotics Inc., after finding that humans can help get similar results.

Walmart has expanded its online grocery curbside pickup and home-delivery business in recent years, especially as Covid-19 has made the service more appealing to many shoppers. That includes both expanding the availability of the services, as well as making more nongrocery products available for purchase. Executives believe that as shoppers can get more types of products curbside or delivered, it makes less sense to offer multiple ways to pick up online orders inside stores, according to people familiar with the situation. Walmart is considering how it could use the pickup towers differently in the future, according to one of these people.

John Furner, who took over the role of chief executive of Walmart U.S. in late 2019, has moved the retailer away from some of the consumer-facing automation technology added rapidly to stores under his predecessor.

The pickup machines are manufactured by Cleveron, an Estonia-based technology company, and were sold to Walmart through Bell & Howell.

“We can’t comment on our clients’ business operations but can say that our cooperation with Walmart remains ongoing in other areas," said a spokeswoman for Cleveron.

This story has been published from a wire agency feed without modifications to the text.

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Sours: https://www.livemint.com/companies/news/walmart-is-pulling-plug-on-more-robots-11619113538095.html

Walmart’s EV Stations Let You Plug In While You Shop

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Electric vehicle owners will have a new reason to visit Walmart as they travel across America: Not only can they stock up on snacks and drinks but they can get electric charges.

Arkansas-based Walmart, the nation’s biggest retailer and No. 3 on the Transport Topics Top 100 list of the largest private carriers in North America, teamed up with Electrify America, a Virginia-based company owned by Volkswagen Group of America. In the past year, 120 electric vehicle charging stations have been installed in 34 states, with most located at Walmart stores off major highways. More are planned as Walmart tries to become one of the nation’s largest retail hosts of electric vehicle charging stations.

Placement of the charging stations currently in operation give drivers the option of stopping only at Walmart stores while they travel on interstate routes from Houston to Chicago, San Antonio to St. Louis and Washington, D.C., to Savannah, GA., according to Walmart.

Now, most commercially available electric vehicle charging stations are concentrated along the two coasts and in major urban areas. Walmart said that through its arrangement with Electrify America, more electric vehicle stations will be available in rural communities, secondary highways and outside the coastal regions.

Sours: https://www.ttnews.com/articles/walmarts-ev-stations-let-you-plug-while-you-shop

In walmart plug

Plug Power expands hydrogen and fuel cell solutions into Walmart ecommerce applications

Plug Power, a leading provider of hydrogen engines and fueling solutions, has announced it is supplying Walmart, its first multi-site GenKey hydrogen and fuel cell customer, with sustainable solutions for use in its eCommerce network.

Plug Power has provided its GenKey hydrogen and fuel cell solutions to Walmart, a leader in deploying hydrogen fuel cell technology in electric vehicles, since 2010 for its material handling fleet. The company supports more than 9,500 GenDrive fuel cell-powered vehicles used by Walmart at 37 DCs across North America.

Plug Power’s products consistently operate in Walmart’s material handling fleet at 99% uptime with constant power performance. The use of Plug Power’s hydrogen and fuel cell solutions in Walmart’s ecommerce network began in August of 2020, with additional expansion planned in 2021. According to a Plug Power spokesperson, this expansion will involve the use of GenDrive fuel cells to power material handling vehicles.

“Walmart is one of our foundational customers, with our relationship rooted in trust and results as we work toward a more sustainable future together,” said Andy Marsh, Plug Power CEO. “This application expansion signifies the next step in our relationship as we support Walmart in their scaling eCommerce business while helping them meet the operational goals important to both Walmart and consumers.”

The challenges this year have increased demand on leading brands providing necessary goods and services to customers, said Jeff Smith, Senior Director Walmart Supply Chain. “At our distribution facilities across the country, our decision to be an early adopter of Plug Power’s hydrogen fuel cells has helped us manage and meet the increased demand for food and basic supplies. This is why we’re excited to expand Plug Power’s proven solutions into our eCommerce network in 2021.”

Sours: https://www.mmh.com/article/plug_power_expands_hydrogen_and_fuel_cell_solutions_into_walmart_ecommerce
Walmart Clearance unboxing C by GE CPLGSTDBLW1 ST WT1P Smart Plug testing

I noticed a large wet spot on the couch. The guys moved, Andrey slightly corrected me and easily entered the current hole. She moaned loudly, and he picked up the pace right away. Julia joined me with the sounds of pleasure, bodies spanked, balls hit my ass.

Now discussing:

I kept thinking, why would my dog have such a tinting on the windows. Bitch. Well, now it is disgusting for me to get into my own car, as I imagine that they are there. Julia shrugged her shoulders with disgust. Max remembered that fateful evening.



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