This Day On The Street
Continue to site
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

Central Grocers Places Follow-On Order For Plug Power's GenDrive Fuel Cells

LATHAM, N.Y., Feb. 1, 2011 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG) a leader in providing clean, reliable energy solutions announced that Central Grocers, Inc. has purchased an additional eleven GenDriveā„¢ fuel cell units for its electric lift truck fleet in Joliet, Illinois. This increases Central Grocers grand total of fuel cell-powered lift trucks to 231. In addition to its impressive size and distribution network, the Central Grocers facility remains the largest grocery warehouse of its kind in the world, where all goods are handled with fuel cell-powered lift trucks.

Central Grocers purchased 220 GenDrive units in 2008 for its brand new $90 million distribution center. Joining the fleet are eight class-2 stand up reach truck units and three class-1 three wheel sit down counterbalanced truck units.

Central Grocers chose Plug Power's GenDrive fuel cell units, rather than traditional lead-acid batteries, as a cost effective solution to power its entire lift truck fleet. This decision was made prior to building the new distribution center. The need to build battery charging and changing infrastructure was eliminated, therefore reducing capital investment and opening up valuable floor space for the distribution business.

Since the trucks began operations in 2009, Central Grocers has only seen productivity flourish at its facility, as operators spend more time moving product and less time dealing with a depleted battery. A boost in productivity is a result of trucks running at full speed for an entire shift and operators refueling equipment in as little as 60 seconds.

At the same time, the company has reduced its greenhouse gas emissions as a result of the elimination of lead-acid battery charging and changing equipment. GenDrive is fueled with hydrogen; therefore, heat and water are the only byproducts of the electrochemical reaction. Plug Power customers have witnessed up to an 80 percent decrease in greenhouse gas emissions.

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.01 0.00%
FB $99.51 -0.24%
GOOG $677.65 -0.75%
TSLA $147.00 -0.67%
YHOO $26.82 -0.85%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs