Plug Power - Fuel Cell Today

Plug Power (USA) is a developer of fuel cells for homes using natural gas and propane. The company develops on-site power generation systems for commercial and residential dwellings, as well as for automotive applications, using PEM fuel cells. In November 2002, Plug Power acquired competitor H Power for approximately US$50.7 million.

So far, the company has installed 55 systems a LIPA substation on Long Island and is overall the company with the most installed systems in this sector. Commercialisation targets start from the 2002, in conjunction with GE MicroGen.
The company is also involved in the European Virtual Power Plant project, which will connect 31 4.6kW units to a combined virtual power plant in Germany, Holland, Portugal and Spain. These units have been jointly developed with German heating equipment manufacturer Vaillant.
In February 2003 Plug Power signed a joint marketing agreement with Toshiba International Corp (TIC) to explore the application of fuel cells for industrial premium power markets, and develop a product that combines Plug technology with TIC's uninterruptible power systems. The companies expect the joint marketing agreement to lead to subsequent product development and commercialisation agreements.
In June 2003 Plug Power introduced the GenCore system, a 5kW direct hydrogen fuel cell unit, priced at US$ 15,000 and especially designed to provide extended run back up power specifically for the telecommunications industry.

Partners

Key strategic partnerships with GE, Honda, Vaillant, DTE, Celanese, Engelhard and others

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Contact Information

Address: 968 Albany-Shaker Road, Latham, NY 12110
Country: UNITED STATES
Phone Number: 1.518.782.7700
Fax Number: 1.518.782.9060

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Financial Info

Financial Info: Stock Prices
Annual Results: pdf

Organisation - Plug Power

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