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Plug Power offers cost-saving turnkey H2 fuel cell solutions for small forklift fleets

Plug Power has expanded its GenKey offering to enable fuel cell adoption for warehouses that operate fewer than 100 electric forklifts. For the first time, this segment of the forklift market, representing more than 25% of all forklifts sold in the U.S., will have access to cost-effective H2 fuel cells and the increased productivity they unlock.

Plug is removing the barriers that fleets with 40 to 100 forklifts have previously seen, including capital, labor, space constraints and the challenges associated with H2 fuel sourcing and delivery. Customers that operate fewer than 100 electric forklifts can easily adopt H2 fuel cells, while increasing productivity, reducing space and carbon emissions. Plug’s solutions are incentivized by the Inflation Reduction Act, which has significantly lowered the cost of green H2. Fuel cells also benefit from federal tax credits.

“Building on our experience in creating the first commercially-viable market for fuel cells, Plug is proud to be leading the industry in making green H2 adoption easy for a wider set of customers,” said Jose Luis Crespo, General Manager of Fuel Cell Applications and Global Accounts. “With Plug’s expanded GenKey offering, customers with fewer than 100 forklifts at a warehouse facility will now have the option to transition to fuel cells, and a much more affordable, reliable and sustainable source of fuel to meet their business goals. Our turnkey expanded GenKey offering is making the adoption of H2 easy for the material handling industry, allowing more businesses to benefit from increased productivity, lower costs and more flexibility.”

In addition to Plug’s market-tested fuel cell solution, with more than 1-B hours of operation, the new offering includes main benefits:

  • Low-cost green H2 supply from Plug’s H2 production plants: Plug’s extensive manufacturing, production and delivery capabilities provide easy access to green H2 from renewable sources. This ensures sustainability benefits and savings, while lowering dependence on batteries and the power grid, which has seen power price increases and carries significant carbon emissions.
  • Modular, more flexible H2 storage solution: Space efficient, easy-to-install and permit, and relocatable, Plug’s modular solution is designed with space constraints in mind, enabling quicker approvals from property owners.
  • Freedom from the grid: Powering forklifts with fuel cells in a facility reduces the need to use electricity from the utility or frees up electricity for other applications.