Plug Power receives $172m order

Plug Power receives $172m order

Plug Power has received an order valued at more than $172m for its GenDrive fuel cell power, GenFuel hydrogen fuel, storage and dispending infrastructure, and GenCare aftermarket service and support.

The New York-based manufacturer of hydrogen fuel cell systems received the order from a customer featured on the Fortune 100 list, a list which highlights the top 100 companies in the United States.

“The material handling industry remains our core growth market in the near-term. This sizable contract signifies continual market validation to customer’s rapidly moving material handling business thus far,” said Andy Marsh, Plug Power’s CEO.

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