SwingTrade Member Forum

[umiak]

Plug Power to Accelerate Hydrogen Adoption in European Manufacturing Market
7:00 am ET June 11, 2018 (Globe Newswire) Print

Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy solutions that change the way the world moves, announced today that the Plug Power Europe team is exhibiting as a partner at the World of Material Handling conference hosted by Linde Material Handling in Mannheim, Germany, from June 4-15, 2018. Plug Power's goal is to accelerate the adoption of hydrogen in the European manufacturing market by integrating its fuel cells into Linde warehouse vehicles.

After a routine qualification process, several warehouse vehicles including Linde's P30C-FC electric tow trucks and E25-FC electric forklift trucks have been qualified by both Linde and Plug Power engineers for the seamless integration of hydrogen fuel cells. At the World of Material Handling conference, Linde is presenting that two of its new forklifts -- the counterbalance truck E20FC and the reach truck R20FC -- are fuel cell-ready. A full range of fuel cell-enabled trucks, from 24 up to 80V, are now available at Linde.

Through this, more small- and medium-sized prospects will have the opportunity to evaluate hydrogen for their applications. In addition, for medium-sized customers, Plug Power brings to the partnership the expertise of 20,000 deployed fuel cells and greater than 180 million run hours in mobility applications, including customers in Europe such as BMW and Daimler.

"We're excited to co-operate with Linde, one of the leading material handling equipment manufacturers in the world, to accelerate the market penetration for hydrogen fuel cells across Europe," said Plug Power CEO Andy Marsh. "We believe hydrogen has limitless possibilities for both industrial and on-road applications; our cooperation will help expedite bringing hydrogen power to electric vehicles in factories across Europe, reducing their emissions and driving overall efficiency."