This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Plug Power Speaks To California Hydrogen Business Council

LATHAM, N.Y., Dec. 2, 2010 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, today announced that CEO, Andy Marsh, presented to an influential audience at the California Hydrogen Business Council's (CHBC) General Meeting on December 1, 2010. Mr. Marsh used several customer examples to illustrate the viability of hydrogen fuel cells for the material handling market.

Plug Power has over 800 GenDrive fuel cells installed in applications across North America, accumulating over 2 million hours of run time. By the end of the forth quarter of 2010, Plug Power customers will perform an estimated 4,000-5,000 fuelings of the GenDrive ® fuel cells each week. The use of fuel cells in material handling applications not only benefits the long term viability of the hydrogen economy, but positively impacts the environmental initiatives for the State of California. "Today, total greenhouse gas (GHG) emissions created by forklift trucks in California are estimated to be over 2M tonnes each year. By using hydrogen fuel cells instead of lead-acid batteries, this number could be reduced by as much as 90%, the equivalent of removing 300,000 cars from California roads each year," said Andy Marsh.

The CHBC conference attracted over 70 attendees including Catherine Dunwoodie, Director of the California Fuel Cell Partnership and Mike McGowan, Co-chair of the newly formed Fuel Cell and Hydrogen Energy Association (FCHEA). Other cooperating companies included the South Coast Air Quality Management District, California Air Resource Board, American Honda Motor Co., Inc. and Air Products.

Mr. Marsh continued, "It was a pleasure meeting with industry influencers who understand the value and benefits created by the continued build out of the hydrogen economy. California is a very important state for Plug Power to continue the communication of fuel cell products in the material handling market."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs