Plug Power (NASDAQ: PLUG) this morning announced its shipment of the first production ProGen fuel cell engines for use in electric delivery vehicles. The first deliveries will function as range extenders in electric FedEx Freight delivery vans in and around Los Angeles, doubling the vehicle’s range. ProGen engine shipments for delivery vans in the China market begin in the second quarter of 2017 and will be utilized for on-road trials and certification. The company notes that China is actively driving fuel cell and hydrogen adoption within the country, making it an attractive market. “The electrification of the auto market is undeniable,” CEO Andy Marsh stated in the news release. “But, common to those who consider adoption is ‘range anxiety’ — that being a fear that the vehicle will not make it to its next charge opportunity or have sufficient range for the application. ProGen eliminates that stress, and for that reason, we see this market as large and impactful to Plug Power’s bottom line.”
To view the full press release, visit: http://nnw.fm/j10Bm
About Plug Power Inc.
The architects of modern hydrogen and fuel cell technology, Plug Power has revolutionized the industry with its simple GenKey solution, elements of which are designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. Plug Power’s GenKey solution couples together all the necessary elements to power, fuel and service a customer. Plug Power is the partner that customers trust to take their businesses into the future. For more information about Plug Power, visit www.plugpower.com.
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