P&G (PG) Selects Plug Power's (PLUG) GenDrive Products for Another Site

Plug Power Inc. (Nasdaq: PLUG) announced that Procter & Gamble Co., (NYSE: PG) has selected its GenDrive fuel cell products to power its electric lift truck fleet in its manufacturing facility located in Mehoopany, PA. This additional facility now brings to four the number of sites converting to GenDrive fuel cells. Over 340 units will now be deployed throughout Procter & Gamble's manufacturing infrastructure. Additional P&G sites using green fuel cell technology include facilities in California, North Carolina and Louisiana.

Unlike the incumbent technology, GenDrive is powered by hydrogen, ensuring constant voltage to the truck and has a fueling cycle that takes just minutes. Lead-acid batteries need to be changed, charged, stored and maintained, a process that is timely and involves costly infrastructure. Since GenDrive is powered by hydrogen, an emerging clean-energy fuel, it is estimated that greenhouse gas emissions are reduced by more than 60 percent.

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