Key Developments For Plug Power Inc
Plug Power Inc (PLUG.O) (Consolidated Issue listed on NASDAQ Global Market)
Whole Foods Market to Use Plug Power Inc. GenDrive Power Solutions
Plug Power Inc. announced that Whole Foods Market, the natural and organic foods supermarket, will be using 61 GenDrive fuel cell-powered forklifts in its Landover, Maryland distribution center in 2010.
GENCO Purchases 136 GenDrive Fuel Cells From Plug Power Inc.
Plug Power Inc. announced receipt of a purchase order from GENCO Supply Chain Solutions for 136 GenDrive fuel cell power units. The order consists of 100 class-3 pallet jack units and 36 class-2 standup reach truck units. In turn, GENCO will provide the units to Wegmans at its distribution facilities for conversion of lift truck fleets in their produce and grocery buildings. At Wegmans' Pottsville, Pennsylvania facility, the GenDrive units will be placed into Crown lift trucks provided by Lift Inc.
WTTIL And Plug Power Inc. Enter Into Purchase And Maintenance Agreement for 200 GenSys Fuel Cell Systems
Wireless TT Info Services Limited (WTTIL), the tower arm of Tata Teleservices Limited (TTSL) and Plug Power Inc. announced that they have entered into a purchase and maintenance agreement for fuel cell based power systems. The agreement is for the purchase, installation and maintenance of 200 GenSys prime power fuel cell systems to be installed at cell towers owned and operated by WTTIL in India. Plug Power will be establishing manufacturing and support operations in India and currently expects initial deliveries to begin in the fourth quarter of 2009. The Company expects to have all 200 GenSys units shipped by the end of March, 2010.
Department of Defense Purchases 19 GenDrive Power Units From Plug Power Inc.
Plug Power Inc. announced that it has been selected to provide 19 class 1 GenDrive fuel cell power units and two years of managed services for a demonstration project funded by the Department of Defense (DoD). Plug Power's GenDrive units will be commissioned at the U.S. Army's Forces Command in Fort Lewis, Washington where they will power a fleet of sit-down counterbalanced lift trucks. The two-year project will study and assess the use of wastewater treatment plant digester gas as a hydrogen source for fuel cells. The hydrogen created will power the fuel cell forklifts used for heavy maintenance work at Fort Lewis. Under the project, Plug Power will receive approximately $1.5 Million in funding to supply 19 fuel cell units as well as expertise in system integration, training, service and support for 24 months. The GenDrive power units will be commissioned at Fort Lewis during the third quarter of 2010.
Plug Power Inc. Announces Contract
Plug Power Inc. announced that it has received over $6 million in awards from the United States Department of Energy (DOE) for fuel cell market transformation programs. The funding will be used to integrate Plug Power's fuel cell solutions into material handling, residential and stationary power applications.
