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  • Mercedes-Benz Orders More Of Plug Power Inc. (PLUG) Hydrogen GenDrive Fuel Cells 0 comments
    Aug 20, 2013 1:54 PM | about stocks: PLUG

    Plug Power is a leader in providing reliable clean energy solutions. The company's GenDrive fuel cell is a superior alternative to lead-acid batteries for lift trucks in the $20 billion worldwide material handling market. Its superior product led directly to long-standing relationships with major firms around the globe, including Walmart, Sysco, Procter & Gamble, and Mercedes-Benz.

    The company announced today that Mercedes-Benz ordered an additional 123 hydrogen-based GenDrive fuel cell units to power new forklift trucks for its material handling fleet at a logistics hub being constructed in Tuscaloosa, Alabama. Mercedes had already purchased 72 of the GenDrive fuel cells last July for its vehicle assembly plant in Tuscaloosa.

    Plug Power's GenDrive fuel cell is designed as a simple drop-in replacement for lead-acid batteries. It is a more efficient and cost effective method of providing clean energy for warehouse and distribution operations. It eliminates the need for battery storage and re-charging rooms in a warehouse while also removing the potential of lead and acid contamination in these type of work environments.

    There will be several compact refueling stations located in the soon-to-be completed Mercedes-Benz warehouse facility. The fuel cells take only a few minutes to be fully recharged with hydrogen, provided by Air Products. This is more much efficient than the hours it takes to re-charge a lead-acid battery. Fuel cells are also more efficient in that they keep lift trucks running at a steady speed, unlike batteries, which have vehicles slow down significantly as they lose their charge.

    For further information about Plug Power and its GenDrive fuel cells, visit plugpower.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: PLUG
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