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Plug Power Announces Industry's Highest Capacity Fuel Cell For Material Handling Applications

Stocks in this article: PLUG

LATHAM, N.Y., June 24, 2013 (GLOBE NEWSWIRE) -- Plug Power Inc. (Nasdaq:PLUG), a leader in providing clean, reliable energy solutions, today announced the GenDrive Series 1000 product family has a new member, the GenDrive 1900. It is Plug Power's highest-power fuel cell yet and one of the largest developed for material handling applications.

The GenDrive 1900 is designed as a drop-in replacement for lead-acid batteries on six-ton capacity, four-wheel, class-one counterbalanced forklift trucks. Six-ton forklift trucks are among the most popular large-capacity forklift trucks in use.

The new fuel cell is the company's first to feature an optional second hydrogen tank to double hydrogen capacity. With both tanks installed, the fuel cell can store up to 3.4 kg of hydrogen with an energy capacity of 50 kilowatt-hours (kWhr). Capable of a constant power output of 14kW, the fuel cell delivers more than eight hours of runtime, which is 50% more than a conventional battery in this application. The GenDrive 1900 has a refill time of two minutes, maximizing the productivity of forklift trucks.

The new fuel cell is part of the GenDrive Series 1000 products targeted at sit-down counterbalanced trucks that are used in high-volume manufacturing and high-throughput warehousing and distribution operations. Other products in the family include the 1400, 1500, 1600 and 1700 for three-wheel and four-wheel counterbalanced trucks.

With this new offering in its product line, Plug Power now provides a complete solution that spans all class-one forklift trucks, making it possible for its retail and manufacturing material handling customers to standardize on hydrogen fuel cells in place of lead-acid batteries.

"This is a very important extension of the GenDrive Series 1000 product line because it means that our customers can fully commit to a hydrogen-powered forklift fleet that enhances environmental impact, eliminates the need for battery storage and provides a better return on their investment in hydrogen fueling and storage," said Andy Marsh, Plug Power president and CEO. "This is important for Plug Power too, as it expands our addressable market and cements our reputation as the leading PEM fuel cell integrator in the material handling industry."

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