Plug Now Offering Turnkey Hydrogen Fuel Cell Solution that Delivers Savings Over Batteries for Forklift Fleets of 100 or Fewer
21 Marzo 2023 - 12:00PM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey
hydrogen solutions for the global green hydrogen economy, announced
today it has expanded its GenKey offering to enable fuel cell
adoption for warehouses that operate fewer than 100 electric
forklifts. For the first time, this segment of the forklift market,
representing more than 25% of all forklifts sold in the U.S., will
have access to cost-effective hydrogen fuel cells and the increased
productivity they unlock.
Plug is removing the barriers that fleets with 40 to 100
forklifts have previously seen, including capital, labor, space
constraints and the challenges associated with hydrogen fuel
sourcing and delivery. Customers that operate fewer than 100
electric forklifts can easily adopt hydrogen fuel cells, while
increasing productivity, reducing space and carbon emissions.
Plug’s solutions are incentivized by the Inflation Reduction Act,
which has significantly lowered the cost of green hydrogen. Fuel
cells also benefit from federal tax credits.
“Building on our experience in creating the first
commercially-viable market for fuel cells, Plug is proud to be
leading the industry in making green hydrogen adoption easy for a
wider set of customers,” said Jose Luis Crespo, General Manager of
Fuel Cell Applications and Global Accounts. “With Plug’s expanded
GenKey offering, customers with fewer than 100 forklifts at a
warehouse facility will now have the option to transition to fuel
cells, and a much more affordable, reliable and sustainable source
of fuel to meet their business goals. Our turnkey expanded GenKey
offering is making the adoption of hydrogen easy for the material
handling industry, allowing more businesses to benefit from
increased productivity, lower costs and more flexibility.”
In addition to Plug’s market-tested fuel cell solution, with
more than 1 billion hours of operation, the new offering includes
main benefits:
- Low-cost green hydrogen supply from Plug’s hydrogen
production plants: Plug’s extensive manufacturing,
production and delivery capabilities provide easy access to green
hydrogen from renewable sources. This ensures sustainability
benefits and savings, while lowering dependence on batteries and
the power grid, which has seen power price increases and carries
significant carbon emissions.
- Modular, more flexible hydrogen storage
solution: Space efficient, easy-to-install and permit, and
relocatable, Plug’s modular solution is designed with space
constraints in mind, enabling quicker approvals from property
owners.
- Freedom from the grid: Powering forklifts with
fuel cells in a facility reduces the need to use electricity from
the utility, or frees up electricity for other applications.
Plug’s fuel cells offer significant cost savings compared to
battery alternatives. Customers can save upwards of $260,000 and as
high as $1 million per year when compared to batteries. Orders for
this offering are being accepted now with deliveries expected in
the fourth quarter of 2023 for U.S. customers. Plug will soon have
a similar offering for the European market.
To learn more, visit Plug at Booth S4559 at ProMat 2023,
where a 3D model of the fuel cell, hydrogen dispenser with
simulated refueling, and an interactive application highlighting
Plug’s green hydrogen turnkey solutions will be on display.
Additionally, Plug’s Vice President of Sales, Tim Terrill, will
present “The Future is Here: Elevate Your Warehouse Fleet
Performance with Green Hydrogen Fuel Cells” at 3 p.m. CT Tuesday,
March 21 in Theater C.
To request more information on this offering, visit
https://www.plugpower.com/learn-more-about-plugs-material-handling-products/.
About PlugPlug is building an end-to-end green
hydrogen ecosystem, from production, storage and delivery to energy
generation, to help its customers meet their business goals and
decarbonize the economy. In creating the first commercially viable
market for hydrogen fuel cell technology, the company has deployed
more than 60,000 fuel cell systems and over 200 fueling stations,
more than anyone else in the world, and is the largest buyer of
liquid hydrogen. With plans to build and operate a green hydrogen
highway across North America and Europe, Plug is building a
state-of-the-art Gigafactory to produce electrolyzers and fuel
cells and multiple green hydrogen production plants that will yield
500 tons of liquid green hydrogen daily by 2025. Plug will deliver
its green hydrogen solutions directly to its customers and through
joint venture partners into multiple environments, including
material handling, e-mobility, power generation, and industrial
applications. For more information, visit www.plugpower.com.
Plug Power Safe Harbor Statement This
communication contains “forward-looking statements'' within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve significant risks and uncertainties about Plug Power
Inc. Such forward looking statements are: Customers increasing
productivity and reducing space and carbon emissions; Plug’s
solutions are supported by the Inflation Reduction Act, which has
significantly lowered costs for green hydrogen. Fuel cells also
benefit from federal tax credits. Customers with fewer than 100
forklifts at a warehouse facility will now have the option to
transition to fuel cells, and a much more affordable, reliable and
sustainable source of fuel to meet their business goals. Making the
adoption of hydrogen easy for the material handling industry,
allowing more businesses to benefit from increased productivity,
lower costs and more flexibility. Customers can realize instant
savings with a significantly lowered total cost of ownership.
Providing easy access to green hydrogen made from renewable
sources. Easy-to-install and permit and easy-to-relocate for
efficient use of space, Plug’s modular solution is designed with
the outdoor space constraints of this market segment in mind.
Customers can obtain quicker approvals from property owners.
Customers can save between $260,000 to $1.2 million per year when
compared to batteries. Such statements are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in these statements. For a
further description of the risks and uncertainties that could cause
actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the
business of PLUG in general, see PLUG’s public filings with the
Securities and Exchange Commission (the “SEC”), including the “Risk
Factors'' section of PLUG’s Annual Report on Form 10-K for the year
ended December 31, 2022 and any subsequent filings with the SEC.
Readers are cautioned not to place undue reliance on these
forward-looking statements. The forward-looking statements are made
as of the date hereof, and PLUG undertakes no obligation to update
such statements as a result of new information.
MEDIA CONTACTS
PlugCaitlin Coffee
Allison+PartnersplugPR@allisonpr.com
Grafico Azioni Plug Power (NASDAQ:PLUG)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Plug Power (NASDAQ:PLUG)
Storico
Da Lug 2023 a Lug 2024