Plug-Powered Airliner Takes Off at Washington State Airport
02 Marzo 2023 - 10:01PM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey
hydrogen solutions for the global green hydrogen economy, today
announced the historic flight of a regional airliner powered by the
company’s line of ProGen fuel cells.
Led by Universal Hydrogen, the hydrogen fuel cell-powered flying
testbed took off at 8:30 a.m. for 15 minutes at Grant County
International Airport in Washington state. Reaching an altitude of
3,500 feet MSL, the flight marked a significant milestone for both
companies that partnered to make hydrogen-powered aviation a
reality.
The 40-passenger airplane’s powertrain is built with Plug’s
ProGen that have been adapted for aviation use. Plug's ProGen fuel
cells support light, medium and heavy-duty electric vehicles in
asset-intensive applications. They have proven to be ideal because
they allow fleets to achieve greater range. Fuel cells are also
free of carbon emissions, and weigh and cost less than
batteries.
“Plug is proud to be a part of Universal Hydrogen’s significant
day in aviation history,” Plug CEO Andy Marsh said. “We’ve long
said hydrogen can power applications, such as planes, while
reducing toxic carbon emissions. Today, we proved it, and we’re one
step closer to a more sustainable future.”
The celebrated day stems from Plug’s long-time partnership with
Universal Hydrogen that expanded in 2021 to begin the development
of fuel cells made for regional aircraft. The partnership is one of
many strategic investments Plug has made in recent years to grow
the green hydrogen economy and expand its applications, including
into aviation.
“Our business model resolves the chicken-and-egg problem between
hydrogen airplanes and hydrogen infrastructure by developing both
in parallel and with a uniquely low-cost approach,” said Paul
Eremenko, Universal Hydrogen co-founder and CEO. “The airplanes are
converted to hydrogen using an aftermarket retrofit conversion kit,
tackling the existing fleet rather than developing a brand new
airplane. And hydrogen fueling uses modular capsules compatible
with existing freight networks and airport cargo handling
equipment, making every airport in the world hydrogen-ready.”
Conducted under an FAA Special Airworthiness Certificate, the
flight was the first in a two-year flight test campaign expected to
culminate in 2025 with entry into passenger service of ATR 72
regional aircraft in a 56-passenger configuration converted to run
on hydrogen.
About Plug
Plug is building an end-to-end green hydrogen ecosystem, from
production, storage and delivery to energy generation, to help its
customers meet their business goals and decarbonize the economy. In
creating the first commercially viable market for hydrogen fuel
cell technology, the company has deployed more than 50,000 fuel
cell systems and over 165 fueling stations, more than anyone else
in the world, and is the largest buyer of liquid hydrogen. With
plans to build and operate a green hydrogen highway across North
America and Europe, Plug is building a state-of-the-art Gigafactory
to produce electrolyzers and fuel cells and multiple green hydrogen
production plants that will yield 500 tons of liquid green hydrogen
daily by 2025. Plug will deliver its green hydrogen solutions
directly to its customers and through joint venture partners into
multiple environments, including material handling, e-mobility,
power generation, and industrial applications. For more
information, visit www.plugpower.com.
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’s plans to build and operate a green hydrogen highway
across North America and Europe, with its state-of-the-art
Gigafactory set to produce electrolyzers and fuel cells, and Plug’s
planned multiple green hydrogen production plants that it expects
to yield 500 tons of liquid green hydrogen daily by 2025. 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 (the
“SEC”), including the “Risk Factors'' section of PLUG’s Annual
Report on Form 10-K for the year ended December 31, 2021 and any
subsequent filings with the SEC. 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 CONTACTS:
PlugCaitlin
CoffeeAllison+PartnersplugPR@allisonpr.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8ac0c636-6f3b-4fd8-b46d-523df7a53aee
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