Amazon acquires right to buy stake in Plug Power, signs supply contract

Plug Power Inc announced that Amazon.com Inc acquired the right to buy up to 23% of the company and that it would supply batteries to power forklifts used by Amazon in its warehouses. Amazon must spend at least $600 million over the life of the contract.

“Amazon.com Inc had acquired the right to buy up to 23 percent of the company and that it would supply batteries to power forklifts used by the online retailer in its warehouses.”reuters.com

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• reuters.comAmazon acquires right to buy stake in fuel cell maker Plug PowerJeffrey DastinApr 5, 2017

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