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Plug Power Customer BMW Now Operating Largest Hydrogen Fuel Cell Fleet In North America

LATHAM, N.Y., June 6, 2013 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, today announced that BMW Manufacturing Co. recently expanded the use of Plug Power hydrogen fuel cells at its Spartanburg, South Carolina facility to power all material handling trucks and forklifts, bringing its clean energy fleet to 275 units. This makes it the largest such fleet in North America.

BMW maintains a commitment to environmental responsibility and continues to incorporate efficient, alternative technology in its production processes whenever possible. In 2010, after installing a storage and distribution area for hydrogen supplied by Linde Industrial Gases near its 4 million-square-foot production facility in Spartanburg, BMW equipped more than 100 forklift trucks and pallet jacks in its X3 assembly hall with Plug Power's GenDrive™ hydrogen fuel cell system. Now, BMW has added GenDrive units to another 175 trucks and forklifts in the assembly hall for its X5 and X6 automobiles and in its paint and body shops.

Clean GenDrive hydrogen fuel cells are an alternative to lead-acid batteries in the $20 billion global material handling market. Use of the fuel cells lowers operational costs, produces zero emissions and improves reliability. Fuel cell usage also eliminates the need for large battery storage and charging rooms, freeing up valuable production space and removing any lead and sulfuric acid contamination from the work environment. Since battery charging is no longer required, total electricity demand is reduced and the fees associated with battery recycling and disposal are eliminated.

BMW chose to deploy GenDrive fuel cells in its manufacturing center to full take advantage of those and other benefits, such as increased productivity for both vehicle operators and production. Material handling trucks powered by fuel cells run longer at full speed unlike battery-powered trucks that experience voltage drops and speed reductions of approximately 14% when a re-charge is needed. Re-fueling can be completed in two minutes or less, as opposed to the 20 minutes required to replace a battery.

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