Plug Power

This presentation described Plug Power's GenDrive hydrogen fuel cell unit that supplies the power needs for folk lift trucks used in high-throughput distribution and high-volume manufacturing operations. The system offers an alternative to lead acid batteries, providing maximum performance at all times during use. The system is particularly useful in the material handling industry, where the revenue generated is based on operator uptime and lift truck productivity. The use of the system allows customers to reduce operational costs and expand valuable floor space by eliminating batteries and associated recharging infrastructure. Fuel cell units also reduce the wear on truck motors. Truck operators can easily and safely refuel at hydrogen fueling stations in 1-5 minutes. GenDrive works with all major OEM lift trucks, making the transition seamless. Commercial customers are investing in this solution to improve their current operations. In 2008, Plug Power sold to Wal-Mart, Bridgestone Firestone and Nestle. Most notably, Central Grocers purchased 220 fuel cell units for a new greenfield distribution center. Plug Power currently has more than 380 systems in operation