Shares in Plug Power (PLUG) spiked 19% in Monday’s trading after the company announced a new deal with UK-based supermarket Asda. PLUG will provide the hydrogen fuel cell solutions to power the lift truck fleet within the retail giant’s extensive supply chain network.Asda’s partnership with Plug Power includes a purchase order agreement for Plug Power’s full-service GenKey solution, beginning at the UK facility in Skelmersdale. The turnkey solution includes fuel cells, hydrogen fueling equipment, hydrogen and service.“This new customer continues Plug Power’s growth in Europe and represents the first deployment at scale of hydrogen fuel cell technology for material handling …read more
Source:: Yahoo Finance
