Plug Now Offering Turnkey Hydrogen Fuel Cell Solution for Forklift Fleets of 100 or Fewer

Plug Now Providing Turnkey Hydrogen Gasoline Cell Answer for Forklift Fleets of 100 or Fewer



Plug Energy Inc. (NASDAQ: PLUG), a number one supplier of turnkey hydrogen options for the worldwide inexperienced hydrogen economic system, introduced right this moment it has expanded its GenKey providing to allow gasoline cell adoption for warehouses that function fewer than 100 electrical forklifts. For the primary time, this phase of the forklift market, representing greater than 25% of all forklifts offered within the U.S., can have entry to cost-effective hydrogen gasoline cells and the elevated productiveness they unlock.

Plug is eradicating the boundaries that fleets with 40 to 100 forklifts have beforehand seen, together with capital, labor, house constraints and the challenges related to hydrogen gasoline sourcing and supply. Prospects that function fewer than 100 electrical forklifts can simply undertake hydrogen gasoline cells, whereas growing productiveness, lowering house and carbon emissions. Plug’s options are incentivized by the Inflation Discount Act, which has considerably lowered the price of inexperienced hydrogen. Gasoline cells additionally profit from federal tax credit.

“Constructing on our expertise in creating the primary commercially-viable marketplace for gasoline cells, Plug is proud to be main the business in making inexperienced hydrogen adoption straightforward for a wider set of shoppers,” stated Jose Luis Crespo, Normal Supervisor of Gasoline Cell Purposes and International Accounts. “With Plug’s expanded GenKey providing, clients with fewer than 100 forklifts at a warehouse facility will now have the choice to transition to gasoline cells, and a way more inexpensive, dependable and sustainable supply of gasoline to fulfill their enterprise targets. Our turnkey expanded GenKey providing is making the adoption of hydrogen straightforward for the fabric dealing with business, permitting extra companies to learn from elevated productiveness, decrease prices and extra flexibility.”

Along with Plug’s market-tested gasoline cell resolution, with greater than 1 billion hours of operation, the brand new providing consists of fundamental advantages:

Low-cost inexperienced hydrogen provide from Plug’s hydrogen manufacturing vegetation: Plug’s intensive manufacturing, manufacturing and supply capabilities present easy accessibility to inexperienced hydrogen from renewable sources. This ensures sustainability advantages and financial savings, whereas reducing dependence on batteries and the ability grid, which has seen energy worth will increase and carries vital carbon emissions.

Modular, extra versatile hydrogen storage resolution: House environment friendly, easy-to-install and allow, and relocatable, Plug’s modular resolution is designed with house constraints in thoughts, enabling faster approvals from property homeowners.

Freedom from the grid: Powering forklifts with gasoline cells in a facility reduces the necessity to use electrical energy from the utility, or frees up electrical energy for different purposes.

Plug’s gasoline cells supply vital value financial savings in comparison with battery options. Prospects can save upwards of $260,000 and as excessive as $1 million per 12 months when in comparison with batteries. Orders for this providing are being accepted now with deliveries anticipated within the fourth quarter of 2023 for U.S. clients. Plug will quickly have the same providing for the European market.

To study extra, go to Plug at Sales space S4559 at ProMat 2023, the place a 3D mannequin of the gasoline cell, hydrogen dispenser with simulated refueling, and an interactive software highlighting Plug’s inexperienced hydrogen turnkey options can be on show. Moreover, Plug’s Vice President of Gross sales, Tim Terrill, will current “The Future is Right here: Elevate Your Warehouse Fleet Efficiency with Inexperienced Hydrogen Gasoline Cells” at 3 p.m. CT Tuesday, March 21 in Theater C.

To request extra data on this providing, go to https://www.plugpower.com/learn-more-about-plugs-material-handling-products/.

About Plug

Plug is constructing an end-to-end inexperienced hydrogen ecosystem, from manufacturing, storage and supply to vitality era, to assist its clients meet their enterprise targets and decarbonize the economic system. In creating the primary commercially viable marketplace for hydrogen gasoline cell know-how, the corporate has deployed greater than 60,000 gasoline cell methods and over 200 fueling stations, greater than anybody else on the planet, and is the biggest purchaser of liquid hydrogen. With plans to construct and function a inexperienced hydrogen freeway throughout North America and Europe, Plug is constructing a state-of-the-art Gigafactory to supply electrolyzers and gasoline cells and a number of inexperienced hydrogen manufacturing vegetation that can yield 500 tons of liquid inexperienced hydrogen every day by 2025. Plug will ship its inexperienced hydrogen options on to its clients and thru three way partnership companions into a number of environments, together with materials dealing with, e-mobility, energy era, and industrial purposes. For extra data, go to www.plugpower.com.

https://www.plugpower.com/learn-more-about-plugs-material-handling-products/

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