Plug Power Inc. provider of clean, reliable energy solutions, announces a big box retailer as their recent new customer receiving a comprehensive GenKey hydrogen and fuel cell system to power their material handling fleet in its new distribution warehouse constructed in Troy Township near Toledo, Ohio.
The GenKey installation is fully deployed, including 177 GenDrive units that will power a mix of class-2 and class-3 lift and reach trucks, a GenFuel hydrogen fuel supply and storage infrastructure, and a GenCare maintenance contract. This site is the first to deploy Plug Power’s outdoor skid, the newest GenFuel enhancement. Bringing the skid in-house gives Plug Power greater quality control and positively influences the Company’s gross margin roadmap.
Most importantly, this new big box retail customer has more than 100 distribution centers in North America. Plug Power is currently in discussions with this partner for future deployments across their network. This represents a key base-customer, critical to Plug Power’s growth strategy and incredibly influential in regards to the Company’s revenue, bookings and shipments.
“Plug Power has done a tremendous job at deploying our GenKey solution with a broad range of customers who are critical to our growth,” said Andy Marsh, CEO at Plug Power. “This new big box retailer falls in line with customers like Walmart, Kroger and Ace Hardware. And, we intend to have a similar relationship in helping this customer realize the business improvements provided by a Plug Power solution.”
Join the Plug POWERTrip
Today, Plug Power will host guests at its Latham, NY, headquarters for presentations delivered by CEO Andy Marsh and COO Keith Schmid. Marsh and Schmid will kick off the Plug POWERTrip with discussions of operations and gross margins directly from the Company’s manufacturing floor. Following the presentation, Plug Power will offer guests a tour of its manufacturing and engineering lab facilities.
Date: Tuesday, May 19, 2015
Formal Presentation Time: 10:00 am ET
Location: Plug Power Headquarters, 968 Albany Shaker Road, Latham, NY 12110
In conjunction with the meeting, the Company will host a live webcast of the audio and presentation slides. The webcast can be joined by going directly to the Plug Power website and selecting the meeting link on the home page, or directly at http://www.plugpowertrip.com. The webcast will be available online for a period of time following the meeting.