Plug Power (PLUG) Announces Daimler GenDrive Orders for Q4

Plug Power Inc. (NASDAQ: PLUG), a leading provider of energy solutions that change the way the world moves, announces an expansion of the deployed GenDrive fleet of hydrogen fuel cell systems with the receipt of 2018 fourth quarter orders for class 1, class 2, and class 3 GenDrive systems at the Daimler (Mercedes–Benz) manufacturing facility located in Vance, Alabama. At this facility, prior to expansion, Daimler has deployed more than 400 Plug Power GenDrive systems in its material handling vehicles.

Through the use of Plug Power’s GenDrive fuel cell product, Daimler can expect increases in efficiency, reliability and operational productivity in its material handling fleet. Additionally, fuel cells enable users to reduce their carbon footprint.

“Our units have successfully run over 7 million hours at Daimler facilities,” said Andy Marsh, CEO of Plug Power. “We value Daimler’s leadership approach in their material handling operations and commitment to sustainability.”

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