Air Products Inc. (NSYE: APD) is a global leader in hydrogen fueling infrastructure and technology, seeking methods to generate an eco-friendly, energy efficient hydrogen powered vehicles. The company today announced it will install indoor hydrogen fueling infrastructure to more than 200 fuel cell-powered lift trucks for Central Grocers’ distribution center in Illinois, which is expected to commence operations by the first quarter of 2009.
“The operational and environmental benefits of hydrogen powered materials handling management systems will be very evident from day one,” Tom Joseph, business development manager for Hydrogen Energy Systems at Air Products stated in the press release. “Look no further than Joliet, Illinois, for a true indication of the positive results of the hydrogen economy that many people have talked about. We are pleased to be collaborating with Plug Power at this site, and congratulate Central Grocers for its leadership in seeking alternative energy solutions.”
Air Products’ indoor hydrogen fueling dispenser and related infrastructure will power a fleet of lift trucks equipped with Plug Power’s (Nasdaq: PLUG) hydrogen fuel cell power packs. The system includes outdoor liquid hydrogen storage and compression, as well as indoor fueling dispensers, which allow for the power units to be refilled in less than 2 minutes, eliminating the hassle of multiple lead acid batteries and associated maintenance.
According to Andy Marsh, CEO of Plug Power, Central Grocers is taking unmatched steps toward taking advantage of GenDrive solutions.
“Central Grocers represents the first greenfield site to incorporate our GenDrive solution into its operations. Greenfield sites offer the potential for the greatest financial and operational benefits to our customers by eliminating the need for capital investments in batteries and the associated chargers, storage and changing systems,” Marsh stated. “This purchase also helps Central Grocers green their supply chain as well as their business operations.”
Hydrogen powered material handling equipment requires minimal maintenance and refueling. The fuel cells offer consistent power strength without having to be recharged, and are environmentally friendly, eliminating lead-acid battery storage and disposal.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Stock Report http://video.qualitystocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment