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Hydrogen / Fuel Cell Stock News Bites: Plug Power (NASDAQ: $PLUG) Launches Heavy Duty Progen Hydrogen Engine for On-road Applications

 

LATHAM, N.Y. - February 13, 2020 Investorideas.com (www.investorideas.com) Hydrogen / Fuel Cell Stock News Bites - Plug Power Inc. (NASDAQ: PLUG), a leading provider of hydrogen engines and fueling solutions enabling e-mobility, today announced a product launch of its heavy-duty 125 kW ProGen zero emission hydrogen engine. This product expands Plug Power’s market reach into heavy-duty on and off-road applications that include Class 6, 7 and 8 trucks, transit buses and various port applications.

Plug Power ProGen units are designed to be 'plug and play' complete fuel cell systems. The standard module is designed to simplify OEM and system integrators' packaging into their commercial offerings. Production shipments of the heavy-duty engines are to begin in the third quarter of 2020. "This product launch represents a significant expansion of our ProGen line to support heavy duty vehicle (HDV) applications," said Andy Marsh, CEO of Plug Power. "The product is based on our best in class ProGen metal stack technology and will positively impact the adoption of hydrogen fuel cell technology in both on and off-road electric vehicle fleets. "Fuel cells provide distinct advantages in applications where reliability, range and fuel efficiency are important. The high performance compact 125 kW ProGen engines are available in a variety of output voltages, are equipped with cold start capability and an intelligent can bus interface for seamless OEM integration. The modular ProGen engines are designed for use in series and parallel configurations to meet a variety of power needs including large scale stationary back-up systems. According to McKinsey's 'Roadmap to a US Hydrogen Economy' executive summary, transportation accounts for a third of US carbon emissions. The report notes that light-duty and heavy-duty fuel cell electric vehicles provide a competitive mobility solution, seeing the total cost of ownership break even as soon as 2025.As businesses are seeking reliable solutions for their e-mobility needs, and more efficient, cleaner power sources for their large-scale stationary power requirements, Plug Power is pleased to be able to provide a zero emission fuel cell option.

Read the company's full news and disclaimer here:

https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Launches-Heavy-Duty-ProGen-Hydrogen-Engine-for-On-Road-Applications/default.aspx

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