Use of GenDrive to Reduce Greenhouse Gas Emissions of Forklift Fleet by Up to 90 Percent
Plug Power CEO Interview Featured on TheStreet.com
LATHAM, N.Y., Feb. 10, 2011 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, celebrates the opening of the nation's first multi-use industrial park fueling station to supply hydrogen directly for industrial, commercial and government use. Plug Power joins GENCO ATC and its customer, Kimberly-Clark Corporation (NYSE:KMB), as 25 GenDrive ®-powered Toyota electric lift trucks move product at Kimberly-Clark's 450,000 square foot distribution facility in Graniteville, South Carolina.By using GenDrive hydrogen fuel cells instead of lead-acid batteries to power its electric lift truck fleet, Kimberly-Clark Corporation can reduce greenhouse gas emissions by up to 90 percent. GenDrive also offers customers increased productivity as material handling equipment runs longer, at full speed, eliminating all signs of battery-droop. By reducing the operational costs associated with lost time in manpower, return on investment for some customer's fuel cell purchases can be realized immediately. Plug Power will join GENCO ATC, Kimberly-Clark, Air Products (NYSE:APD) and the Aiken-Edgefield Development Partnership for a ribbon-cutting ceremony and technology demonstration on Friday, February 11, 2011 at the Kimberly-Clark facility. Several executive speakers will address this monumental and environmentally favorable project. "Kimberly-Clark is constantly looking for innovative ways to minimize the impact of our operations on the environment," said Rick Sather, Vice President of Customer Supply Chain at Kimberly-Clark. "We are pleased to partner with GENCO ATC, Plug Power and Air Products to help expand hydrogen fuel cell technology to our entire Toyota forklift fleet. This energy technology can reduce our carbon emissions by hundreds of metric tons per year, lower costs and drive efficiencies to power our operations." The fueling station and GenDrive-powered forklifts were partially funded through a cost-share award made to GENCO ATC by the U.S. Department of Energy (DOE) through the American Recovery and Reinvestment Act. The DOE intends this funding to accelerate the commercialization and deployment of fuel cells and create jobs in fuel cell manufacturing, installation, maintenance and support services.
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