Plug Power Inc., a provider of hydrogen engines and fueling solutions enabling e-mobility,has acquired EnergyOr\u2019s technology, assets, and personnel.
\nEnergyOr is based in Montreal and involved in advanced lightweight and compact PEM hydrogen fuel cell (HFC) systems for robotics, small scale material handling and aerospace applications.
\nPlug Power is based in Latham and has a Clifton Park office.
\nThe purchase of EnergyOr\u2019s 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, company officials said. The acquisition facilitates the adoption of more powerful, viable, and clean technology solutions for both commercial and military applications that necessitate lightweight fuel cell systems.
\nEnergyOr\u2019s current technology enables larger payloads for the robots, while extending run-time two to four 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, officials said.
\nThis acquisition allows Plug Power to address new applications beyond its core market of material handling. Through Plug Power\u2019s established sales channels, the company will take the technology to market at volume scale, expanding into applications including small scale robotics, unmanned aerial vehicles (UAV), and other autonomous applications.
\nThe USA-manufactured products will incorporate EnergyOr\u2019s lightweight systems into current Plug Power offerings, while applying Plug Power\u2019s proprietary MEA stack technology to improve EnergyOr\u2019s products\u2019 cost effectiveness and efficiency.
\n\u201cAs we continue to grow, we are the go-to company in applying fuel cell technology across a broad range of applications,\u201d said Plug Power CEO Andy Marsh. \u201cIt\u2019s a natural progression for us to take our innovative technology and what we have learned in the material handling and e-mobility spaces and apply that to other industries that will thrive with HFCs. EnergyOr is the expert in the UAV fuel cell market, and we are excited to incorporate their technology and expertise as part of the Plug Power team.\u201d
\nEnergyOr is a leader in aerospace UAV applications, setting several world records for endurance flights through the use of their fuel cell technology. In March of 2015, they powered the world\u2019s first fuel cell multirotor UAV, later used in conjunction with the French Air Force\u2019s Centre d\u2019 Expertise A\u00e9rienne Militaire (CEAM).
\nIn December 2015, the H2 Quad 400 was developed, becoming the first fuel cell Quad rotor in the world to operate outdoors in a real-world environment. HFC solutions provide longer duration flights and the benefits of fast fueling, allowing customers to maximize the utilization of these assets.
\n\u201cThis acquisition combines two complementary businesses that will expand the capabilities of hydrogen fuel cell technology in the world of electrification,\u201d said Michel Bitton, president and CEO of EnergyOr. \u201cWe look forward to working with the Plug Power team that has a proven track record of commercial success across a variety of industries. We are of the same mind: hydrogen fuel technology is the future of e-mobility, and we\u2019re working together to continue to make that future a reality.\u201d
\nEnergyOr is now a wholly-owned subsidiary of Plug Power and will maintain its status and presence as a Canadian company.<\/p>\n","protected":false},"excerpt":{"rendered":"
Plug Power Inc., a provider of hydrogen engines and fueling solutions enabling e-mobility,has acquired EnergyOr\u2019s technology, assets, and personnel. EnergyOr is based in Montreal and involved in advanced lightweight and compact PEM hydrogen fuel cell (HFC) systems for robotics, small scale material handling and aerospace applications. Plug Power is based in Latham and has a […]<\/p>\n","protected":false},"author":196,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-33698","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\r\n