Plug Power Stock Rockets on Hydrogen Hype: 170% Rally Driven by New Deals
Hydrogen Partnerships and Projects This week’s news flow highlights Plug Power’s expanding footprint in clean energy. On Oct. 23 the company announced it had outfitted Floor & Decor’s large Washington distribution center with a complete hydrogen ecosystem – 77 GenDrive fuel-cell forklifts plus on-site fueling – replacing diesel equipment with zero-emissions power ir.plugpower.com. “This partnership with Floor & Decor showcases the proven reliability and performance of our GenDrive systems in demanding retail distribution environments,” said Plug CEO Andy Marsh ir.plugpower.com. The system is expected to eliminate ~400 metric tons of CO₂e per year at the facility. In the same announcement,