Business World of Renewable Energy

IWR Reuters News Center RTL 103 0347 1280 256

Plug Power Announces Acquisition of EnergyOr

Lathan, N.Y.,USA - Plug Power Inc. a provider of hydrogen engines and fueling solutions enabling e-mobility, today announced the acquisition of EnergyOr’s technology, assets, and personnel.

EnergyOr is based in Montreal, Canada, and is the leader in advanced lightweight and compact PEM hydrogen fuel cell (HFC) systems for robotics, small scale material handling and aerospace applications.

The purchase of EnergyOr’s assets allows Plug Power to integrate small, ultralightweight fuel cell technology into its already robust portfolio of ProGen hydrogen fuel cell engines in a capital efficient manner. EnergyOr’s current technology enables larger payloads for the robots, while extending run-time 2 to 4 times that of a lithium ion battery solution, further enhancing Plug Power to position as a comprehensive hydrogen fuel cell solutions provider for the future needs of logistics applications.

EnergyOr, a Plug Power company, is now a wholly-owned subsidiary of Plug Power and will maintain its status and presence as a Canadian company.

Source: IWR Online, 11 Jun 2019