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American City Business Journals
Plug Power deal with Amazon will boost revenue by $2.1 billion over 7 years
Six years after Plug Power signed its first contract with Amazon, the hydrogen fuel cell company has secured a deal that will generate up to $2.1 billion in sales from the world’s largest online retailer over the next seven years. Amazon will purchase 10,950 tons of green hydrogen from Plug Power starting in January 2025, enough to power 800 long-distance delivery trucks and 30,000 forklifts. The Aug. 24 agreement, which equates to about 30 tons of liquid green hydrogen sales per day, comes four months after Plug secured a contract to supply 20 tons of hydrogen per day to Walmart.
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