Fuel Cell Company Plug Power Inc. Approved as Ceres Company
05 Giugno 2007 - 4:00PM
PR Newswire (US)
BOSTON, June 5 /PRNewswire-FirstCall/ -- Citing the company's
mission to transform the energy industry in ways that will benefit
the economy and the environment, the Ceres board of directors
announced today that it has approved Plug Power Inc. as a Ceres
company. Plug Power, based in Latham, NY, is the first fuel cell
company to join Ceres, a leading coalition of investors,
environmental groups and other public interest organizations
working with companies to address sustainability challenges such as
global climate change. Plug Power is among more than 70 companies
in the Ceres network, including 20 Fortune 500 companies. Plug
Power is a leader in the design, development and manufacturing of
on- site energy systems for consumers worldwide. The company is
focused on fuel cell technology and the delivery of reliable,
cost-effective, environmentally friendly technology. Plug Power's
sustainability initiative is in its early stages, but its current
sustainability program involves every level of its workforce,
including its board of directors. Plug Power joined Ceres to
improve its engagement with investors, environmental groups and
other stakeholders, as well as to develop a sustainability report,
and draw on the experiences of other Ceres companies. "Ceres is
excited to bring a cutting-edge business and sustainability leader
like Plug Power into its fold," said Mindy S. Lubber, president of
Ceres. "Consumers are increasingly demanding alternative energy
technologies, and Plug Power is positioning itself to meet that
demand." Plug Power's early actions to incorporate sustainability
into its business practices include: * Incorporating sustainability
training into its web-based education systems for new and existing
employees * Creating an audit system to accurately measure its
waste stream, emissions and resource use already resulting in the
development of a comprehensive recycling program * Recognizing
possibilities for product recycling and the potential for a
take-back program; Plug Power fuel cells are designed to facilitate
recycling and reuse, and Plug Power is continuing to develop
products that can be broken down and recycled safely at any remote
location "Plug Power's sustainability initiative is a companywide
effort to enhance our performance, as well as improve our business
processes," said Dr. Roger Saillant, President and CEO of Plug
Power. "Ceres has been a leading organization in the advancement of
environmental and social sustainability, and we look forward to
working with them." Companies that join Ceres must commit to engage
with shareholders and other stakeholders on sustainability issues,
to report publicly on sustainability performance, and to make
additional sustainability improvements. About Ceres: Founded in
1989, Ceres is a leading network of investors, environmental groups
and other public interest organizations working with companies to
address sustainability challenges such as global climate change.
Ceres also directs the Investor Network on Climate Risk, comprised
of more than 50 institutional investors who collectively manage $4
trillion in assets. For more information, visit
http://www.ceres.org/. About Plug Power: Plug Power Inc.
(NASDAQ:PLUG), an established leader in the development and
deployment of clean, reliable, on-site energy products, currently
integrates fuel cell technology into backup power products for
telecommunications, utility and uninterruptible power supply
applications, as well as motive power products for material
handling applications. The company is actively engaged with private
and public customers in targeted markets throughout the world,
including North America, Europe, the Middle East, Russia, South
Africa and South America. For more information about how to join
Plug Power's energy revolution as an investor, customer, supplier
or strategic partner, please visit http://www.plugpower.com/.
DATASOURCE: Plug Power Inc. CONTACT: Peyton Fleming of Ceres,
+1-617-247-0700 x20, for Plug Power Inc. Web site:
http://www.plugpower.com/ http://www.ceres.org/
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