Newark Farmers Market Maintains Commitment to Fuel Cells With New Order of GenDrive Units for Forklift Fleet
July 26 2016 - 7:00AM
Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy
solutions that change the way the world moves, today announced that
Newark Farmers Market has placed an order for 96 next-generation
GenDrive fuel cell units to operate its
electric industrial truck fleet in Newark, New Jersey.
Newark Farmers Market
has utilized GenDrive systems as the sole power
source for its electric industrial truck fleet since
2011, and have reinvested in the benefits of Plug
Power’s GenDrive fuel cells by adopting the next
generation product.
In addition, the New Jersey-food distributor completed
expansion of its business in 2016, engaging Plug Power
for a turnkey GenKey system, adding 110 new GenDrive fuel
cells and a GenFuel hydrogen fueling system to
its new state-of-the-art food distribution center. Today, Newark
Farmers Market operates more than 240 GenDrive units, making it the
largest fuel cell-powered electric industrial truck fleet
in New Jersey. In total, Newark Farmers Market has
operated approximately 1.8 million hours on Plug
Power fuel cell power, and operators have performed more
than 183,000 hydrogen refuelings.
“This is a success story for Plug Power, as nothing validates
our solution better than a satisfied customer who reinvests in
our business-enhancing solutions,” said Andy Marsh, CEO at Plug
Power. “Newark Farmers Market was an early adopter that has been
reaping the benefits of GenDrive fuel cell solutions, and has
been seeing the additional benefits through our GenFuel and
GenCare services for the last year. We are proud to be a
partner in their success.”
“Using a GenDrive-powered lift truck fleet has allowed us to
increase productivity and continue to grow our operations in New
Jersey,” said David Forem, CEO of Newark Farmer’s Market.
“Increased operational efficiency, coupled with improved safety and
sustainability impacts, made it easy to reinvest in Plug Power’s
hydrogen and fuel cell solutions as we cement our leadership
position in the market.”
Plug Power’s innovative GenKey model combines all elements
of a deployment together to enable a simple adoption of Plug
Power’s hydrogen and fuel cell solution. For industrial
mobility applications, GenDrive fuel cell systems enable
users to elevate the levels of its workforce by
increasing fleet productivity and performance. Material
handling professionals like Newark Farmers
Market experience unparalleled “best in class”
uptime when using Plug
Power’s intelligent GenDrive fuel cells to
power its material handling equipment.
Plug Power has a history of customers who have reinvested in the
GenDrive solution. Newark Farmer’s Market joins
the list that also includes Central Grocers,
Walmart, Walmart Canada, BMW, Wegmans and Bridgestone.
About Plug Power Inc.The architects of modern
hydrogen and fuel cell technology, Plug Power has revolutionized
the industry with its simple GenKey solution,
elements of which are designed to increase productivity,
lower operating costs and reduce carbon footprints in a reliable,
cost-effective way. Plug Power’s GenKey solution couples together
all the necessary elements to power, fuel and service a customer.
Plug Power is the partner that customers trust to take their
businesses into the future. For more information about Plug Power,
visit www.plugpower.com.
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disclosure regarding these and other risks faced by PLUG, see
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and Exchange Commission (the "SEC") including, the "Risk Factors"
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Media Contacts
Teal Vivacqua
518.738.0269
media@plugpower.com
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