Plug Power

Plug Power Inc. is an American company based in Latham, New York, that specializes in hydrogen fuel cell systems and green hydrogen production technologies. Founded in 1997, the company focuses on replacing traditional batteries in electric equipment and vehicles with its innovative fuel cell and electrolyzer solutions. The core product, the GenDrive system, combines fuel cells and hydrogen storage to power electric forklifts, delivery vans, and drones. This system allows for rapid refueling in minutes, providing continuous power for material handling applications. Additionally, Plug Power offers GenFuel, a comprehensive hydrogen infrastructure solution that includes on-site hydrogen production, storage, and dispensing. The company also provides long-term contracts for equipment maintenance, hydrogen fuel delivery, and performance guarantees, ensuring reliable service for its customers. Plug Power has established partnerships with major companies like Walmart and Amazon, deploying fuel cell-powered forklifts in large distribution centers. The company is committed to building a vertically integrated green hydrogen economy, supporting its fuel cell products and broader decarbonization goals.