Plug Power (PLUG) to Offer ProGen Fuel Cell Technology to Independent Companies

November 16, 2016 7:03 AM EST

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Plug Power Inc. (NASDAQ: PLUG) announced that its successful modular ProGen fuel cell engine technology, previously only available in its own products, will now be available to global customers for use in mobility and stationary power fuel cell systems.

“We are now offering ProGen fuel cell system components to independent companies as the flexible power building blocks for their motive and stationary products under development. ProGen is a key part of our future growth due to its robust and cost-effective simplicity as well as the positive impact it makes to our company’s profitability,” said Andy Marsh, CEO at Plug Power.

Through the modular ProGen line, Plug Power will continue to grow as a third-party engine supplier, providing mobility and stationary customers with industry-leading performance, reliability and time to market. The continued movement to electrification in drive train solutions is inevitable, and Plug Power sees growth opportunities in leveraging ProGen into new markets that include mobility applications such as logistics vehicles, delivery vans, ground support equipment, range extenders and electric passenger vehicles.

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