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07 Jan 2009 Register / Login F F F

Organisation - Plug Power

Organisation type
Commercial
Website
http://www.plugpower.com
Country
UNITED STATES
Business Interest
Manufacturer
Primary Technology
PEM
Secondary Technology
Other
Geographical Region of interest
North America
Organisation Description

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
Fuel Cell Staff
330

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
Financial Info
Financial Info
Stock Prices
Annual Results
pdf
Q1 Results
pdf
Q2 Results
pdf
Q3 Results
pdf
Q4 Results
pdf

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