New Sales Market: Plug Power Expands Turnkey Hydrogen Fuel Cell Solution Offering
Latham, USA - US-based fuel cell and hydrogen company Plug Power has expanded its GenKey offering, which includes power, hydrogen and fuel supply. In the future, it will be able to supply customers who use fewer than 100 electric forklifts at their warehouse locations.
Plug Power's expanded offering is supported by the Inflation Reduction Act in the U.S., which has significantly reduced the cost of green hydrogen, according to the company. Fuel cells also benefit from federal tax credits.
Orders for this offer are available now, according to Plug Power. Delivery to customers in the U.S. is expected in the fourth quarter of 2023. Plug Power also plans a similar offering for the European market soon.
"Our turnkey expanded GenKey offering is making the adoption of hydrogen easy for the material handling industry, allowing more businesses to benefit from increased productivity, lower costs and more flexibility”, said Jose Luis Crespo, general manager of fuel cell applications and global accounts.
Plug Power shares are down 2.2 percent this trading week through Wednesday evening to 10.26 euros (closing price, March 22, 2023, Stuttgart Stock Exchange). Compared to the turn of the year, the shares of the RENIXX Group are thus currently down 10.0 percent.
Source: IWR Online, 23 Mar 2023