By Michael Dabaie

Plug Power Inc. shares were up 12% to $28.88 in late morning trading.

The provider of hydrogen engines and fueling products said it began expanding its hydrogen and fuel cell products into use by Walmart's eCommerce network. The first deployments were in August and additional expansion is planned in 2021.

Plug Power said it has provided GenKey hydrogen and fuel cell solutions to Walmart since 2010 for its material handling fleet.

Plug Power said its products support more than 9,500 fuel cell-powered vehicles used by Walmart at 37 distribution centers across North America.

"The challenges this year have increased demand on leading brands providing necessary goods and services to customers," said Jeff Smith, senior director of Walmart supply chain. "At our distribution facilities across the country, our decision to be an early adopter of Plug Power's hydrogen fuel cells has helped us manage and meet the increased demand for food and basic supplies."

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

December 15, 2020 11:33 ET (16:33 GMT)

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