Turnover: 700 million USD (2022)
Country: United States
Plug Power is an American company engaged in the design and manufacture of hydrogen fuel cell systems that replace conventional batteries in electrically powered equipment and vehicles. The company is headquartered in Latham, New York, with facilities in Spokane, Washington.
Plug Power's GenDrive system integrates fuel cells manufactured by Plug Power and Ballard Power with a hydrogen storage system that enables the system to "recharge" in minutes, instead of hours for lead-acid batteries.
This enables hydrogen-powered forklift trucks to operate at a constant, consistent power level compared with conventional batteries, whose efficiency "drops off" after a certain time. What's more, the volume of the batteries is similar to that of conventional cars.
News
Hyvia produces green hydrogen in Yvelines and expands internationally 05/05/2023
- Created in June 2021, with 120 employees, Hyvia is equally owned by Renault and Plug Power.
- Hyvia specializes in hydrogen-powered commercial vehicles Hyvia already supplies commercial vehicles to Airbus, Engie and Orange.
- Hyvia's goal: 30% of the European market for hydrogen-powered commercial vehicles by 2030
- Installation of the first electrolyzer at Hyvia's Flins plant on April 12.
- Daily electrolyzer production capacity: 400 kg of hydrogen. The process uses renewable energies.
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