Plug Power Applauds President Obama For His Support Of Alternative Energy Solutions For The U.S.
The Company's 50,000 sq. ft. manufacturing facility is capable of building 10,000 GenDrive units each year. In part due to positive tax credit and other incentives in place, Plug Power witnessed its customer base significantly accelerate in 2010 with the addition of customers like Sysco Houston, United Natural Foods, Inc. and BMW.
Plug Power's fuel cell units are comprised of parts from over 100 suppliers throughout the United States. As customers continue to purchase GenDrive fuel cell units from Plug Power, the component suppliers see an increase in business as well. Every 1,000 GenDrive units Plug Power builds dispenses millions of dollars in orders to vendors in the company's supply chain, who employ over 62 thousand people in the U.S.
Congressman Paul D. Tonko commented, "I commend the President for his bold vision on transforming our energy future – the evidence is clear: American leadership in clean energy technologies will create good jobs here at home, reduce our dependence on fossil fuels, and preserve our environment for generations to come. However, we are woefully behind other countries in these areas. I agree with the President, and have been advocating for years – this is the Sputnik moment of our time. Meeting this challenge and winning the global race on energy promises to transform our economy and lead to greater opportunities for future generations – in the same way the Space Race led to the advancements we enjoy today. Companies like Plug Power are meeting this challenge and helping customers transition to clean energy technologies with that added benefit – job creation."
Senator Charles Schumer commented, "Last night we heard the President focus on job creation and a plan to grow our economy for the future. It's companies like Plug Power that are going to lead this effort, harnessing the creativity and ingenuity of Upstate New Yorkers. Our state is home to some of the toughest, smartest, hardest working people in the country – we can compete with anyone. Hundreds of middle-class workers are already at work building the hydrogen fuel cells of tomorrow, and thanks to companies like Plug Power, our future is bright."
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