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: