ARRA Funding for Plug Power and Customers Will Result in Deployment of More Than 304 Fuel Cell Drive Units for Lift Trucks

26 April 2009

Plug Power Inc. has received more than $6 million in awards from the United States Department of Energy (DOE) for fuel cell market transformation programs. (Earlier post.) The funding was provided via the American Recovery and Reinvestment Act. The funding will be used to integrate Plug Power’s fuel cell solutions into material handling, residential and stationary power applications. Successful completion of these projects will strengthen the product portfolios for Plug Power’s GenDrive and GenSys products. Additionally, nine programs were awarded to Plug Power customers for DOE market transformation projects, totaling more than 304 GenDrive units deployed into the field. Replacing lead acid batteries in electric lift trucks, these product installations will allow for fleet conversions within warehouses and distribution centers in Arkansas, Colorado, Ohio, Pennsylvania, South Carolina and Texas. As part of the$6 M in awards, the DOE will also fund a three-year project to verify the durability and commercial readiness of Plug Power’s combined heat and power GenSys product. Designed for residential and light commercial applications, GenSys replaces traditional furnaces and boilers, creating electricity and high-quality heat for the consumer.

The DOE funded reliability fleet will be installed in highly visible locations in Southern California, working with Southern California Gas Company, a Sempra Energy utility, and the National Fuel Cell Research Center at the University of California, Irvine.