This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Air Products' Hydrogen Technology Fueling Material Handling Fuel Cells At WinCo's California Warehouse

Stocks in this article: APD PLUG

LEHIGH VALLEY, Pa., Feb. 6, 2012 /PRNewswire/ -- Air Products (NYSE: APD) today announced that its industry leading hydrogen fueling technology and infrastructure is now on stream and providing hydrogen to fuel material handling fuel cell units at WinCo Foods LLC's 800,000 square foot grocery distribution center in Modesto, Calif.  Air Products is currently fueling 33 material handling units, with 49 more pieces of equipment to be added in April, and increasing to 184 overall when the facility conversion to hydrogen-powered fuel cell lifts is complete in 2013.

"We continue to grow our leadership position in the material handling equipment market at a time when recognition of the productivity and sustainability benefits of hydrogen fueling for this application continues to increase.  We worked closely with WinCo as the timing for getting hydrogen supply installed was critical to a seamless conversion of their material handling equipment to hydrogen fuel cells. We began using our mobile fueling technology, and then brought the permanent fueling station online this month which includes two fueling dispensers," said Sarah Hammond, business development manager – Hydrogen Energy Systems at Air Products. Details on Air Products' hydrogen fueling station technologies and projects are provided at www.airproducts.com/h2energy

The WinCo material handling units being fueled by Air Products include Plug Power's (NASDAQ: PLUG) GenDrive ® hydrogen fuel cell power units. The GenDrive systems can be quickly refueled in just minutes, completely eliminating the need to change, store, charge and maintain multiple lead acid batteries for each lift.

"Plug Power's GenDrive fuel cell systems have provided WinCo with a power solution for its lift truck fleet that increases productivity and reduces operational costs over traditional lead-acid batteries. At the same time, the fuel cells offer a much more sustainable alternative for power," said Andy Marsh, CEO at Plug Power. "Our GenDrive units run on hydrogen, and Air Products understands the importance of getting the hydrogen infrastructure in place so the fuel cells can be deployed and the customer can start realizing the benefits of the project."

There are many advantages to using hydrogen fuel cell-powered forklifts and material handling equipment. Hydrogen-powered equipment only needs refueling once or twice daily, depending on use, and does not require change-out downtime while traditional battery-powered equipment is taken out of operation for battery replacement or recharging approximately every four to six hours. Hydrogen-powered equipment provides consistent power strength during use and does not experience decreased performance or wear down as battery units do when nearing change-out or recharge time. Additionally, unlike battery-powered forklifts, hydrogen-powered fuel cells are not adversely impacted by temperature when operating in coolers and freezers. Further, hydrogen-powered equipment is more environmentally friendly and does not involve lead-acid battery storage or disposal issues.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,580.51 +223.64 1.29%
S&P 500 2,037.11 +24.22 1.20%
NASDAQ 4,706.0550 +61.7430 1.33%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs