“It will be the first time that a company tests the efficiency and safeness of hydrogen forklifts and whether they are actually environmentally more beneficial,” said a spokesperson for Coupang Fulfillment Service. The three companies said they will continue to work with each other so more logistics centers can use hydrogen-powered forklifts in the future.
Kendall Square Asset Management will provide space to install the hydrogen charging stations and focus on getting administrative approvals to build such facilities. The company is a joint venture, with SK E&S owning 51 percent of the company and Plug Power, a New York-based hydrogen fuel cell developer, owning 49 percent. SK Plug Hyverse will provide the forklifts and install hydrogen fuel cell charging stations near the fulfillment center. The center has been using electric forklifts and Coupang says the Mokcheon fulfillment center will be the first logistics center to use hydrogen-powered vehicles. Following the MOU, Coupang Fulfillment Services, which is behind deliveries for Coupang products, will use forklifts powered by hydrogen fuel cells at its fulfillment center in Mokcheon, South Chungcheong, starting next year. They dont leave it out by accident IMHO, They are 'Manipulating' for large investors, 'Buy with them'. Coupang Fulfillment Service signs deal with SK Plug Hyverse, Kendall Square Asset Management for green logistics centers Coupang Fulfillment Service signed a memorandum of understanding (MOU) with SK Plug Hyverse and Kendall Square Asset Management on Thursday to make its logistics centers green. Every analyst that has put a target price on PLUG has left an extremely difficult piece of the puzzle to asses, 'MASSIVE GROWTH', every one I have read doesnt even account for the reality of that growth in their calculations.