Plug Power advances its turnkey device to allow hydrogen fuel cell solutions
Plug Power’s GenKey offering has been expanded to offer low-cost green hydrogen to enable fuel cell adoption in warehouses with fewer than 100 electric forklifts.
The company says it is the first time that a quarter of all forklifts sold in the US will have access to cost-effective hydrogen fuel cells and the increased productivity they unlock. In addition to Plug’s fuel cell solution, the new offering also includes low-cost green hydrogen supply from Plug’s hydrogen production plants, modular and more flexible hydrogen storage solution and freedom from the grid.
Plug Power claims that customers can save upwards of $260,000 and as much as $1m per year when compared with batteries, with orders being accepted now and deliveries expected in Q4.
Jose Luis Crespo, General Manager of Fuel Cell Applications and Global Accounts, said, “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 hydrogen easy for the material handling industry, allowing more businesses to benefit from increased productivity, lower costs and more flexibility.”
Plug Power solutions are incentivised by the Inflation Reduction Act (IRA), which has significantly lowered the cost of hydrogen and meant fuel cells benefit from federal tax credits.
Plug’s extensive manufacturing, production and delivery capabilities provide easy access to green hydrogen from renewable sources for GenKey customers. The GenKey is also easy-to-install and permit and designed with space constraints in mind.
Powering the forklifts with fuel cells reduces the need to use electricity from the utility or can free up electricity for other applications.
Plug Power was recently selected to design a 100MW electrolyser package for Uniper’s energy hub in the Port of Rotterdam, Netherlands, which has plans for green hydrogen production to start by 2026.
The electrolysers will be installed at Uniper’s Maasvlakte Energy Hub, with 100MW of Plug technology making up the first instalment of up to 500MW of electrolysis capacity, expected to be achieved by 2030.
