Plug Power, Inc. ( PLUG ) ) Shares traded steadily on Thursday as the company expanded its clean-energy footprint with a new hydrogen ecosystem launch.
The company announced a milestone deployment of its GenDrive hydrogen fuel cell systems and GenFuel infrastructure at Floor & Decor Holdings, Inc. ( FND )‘s distribution center in Frederickson, Washington.
The initiative establishes the flooring retailer’s first fully zero-emission material-handling fleet and marks a significant step in Plug Power’s clean-energy expansion.
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The hydrogen-powered system replaces traditional lead-acid batteries, supporting 77 pieces of equipment with Plug’s comprehensive hydrogen ecosystem.
The Frederickson installation features a 10,000-gallon liquid hydrogen tank, compressors, vaporizers, and an advanced dispensing network for high-volume operations.
Hydrogen Power For Cleaner Operations
According to Plug, the new hydrogen setup will cut more than 400 metric tons of CO₂e emissions each year—roughly equivalent to avoiding the combustion of 45,000 gallons of gasoline.
The only emission byproduct is water vapor, which Floor & Decor ( FND ) collects and reuses for facility maintenance. Current data shows about 300 liters, or 80 gallons, of water generated daily for recapture.
Partnership Reflects Efficiency And Sustainability
“This partnership with Floor & Decor ( FND ) showcases the proven reliability and performance of our GenDrive systems in demanding retail distribution environments,” said Andy Marsh, CEO of Plug Power ( PLUG ).
“Our end-to-end hydrogen solutions help support Floor & Decor’s dedication to operational efficiency, exactly what our technology is designed to deliver.”
The Frederickson installation also demonstrates Plug’s scalable design, which allows easy capacity expansion and off-grid resilience during power interruptions.
The system offers both energy efficiency and operational flexibility, positioning Plug as a leader in hydrogen-powered logistics solutions.
In a separate move, Plug announced a collaboration with Edgewood Renewables to develop a renewable fuel production facility in North Las Vegas, Nevada.
The site will convert biomass into sustainable aviation fuel, renewable diesel, and biomethanol, using renewable natural gas and low-carbon hydrogen.
These drop-in fuels can power aircraft, trucks, and maritime engines without engine modifications, advancing clean energy adoption across heavy industries.
According to Benzinga Pro, PLUG stock has gained over 39.66% in the past year. Investors can gain exposure to the stock via Global X Hydrogen ETF ( HYDR ) .
Price Action: PLUG shares are trading lower by 0.51% to $2.905 at last check Thursday.
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