- Plug Power Inc (NASDAQ:PLUG) has signed an agreement with retailer Walmart Inc (NYSE: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.
