Plug Power Enters European Market

Plug Power has built on its growth in sales from 2010 with a strong first quarter of 2011. New orders for its GenDrive® fuel cell unit in the first three months of this year exceeded 500, with a mix of Class 1, 2 and 3 materials handling equipment at five new customer sites; this was an increase on the 419 orders received in the final three months of 2010.

Having previously concentrated on its domestic market in the USA, Plug has now expanded its horizons and entered the European materials handling market. It has received an order for ten GenDrive® units from a customer in France, for a distribution centre for welding components. This development also requires modification to the GenDrive® units to ensure compatibility with European power requirements and lift truck design.

Source: Fuel Cell Today