19 Jul '11, 11pm

This fuel-cell forklift thing may be catching on after all…: Filed under: Energy News

This fuel-cell forklift thing may be catching on after all…: Filed under: Energy News

This fuel-cell forklift thing may be catching on after all… Ballard Power saw a nice lift in its otherwise depressed stock price with the announcement today that it will supply at least 3,250 fuel cell stacks over the next 18 months to Plug Power , which will incorporate the stacks into its own fuel cell systems designed for the materials handling industry — i.e. forklifts. “Ballard anticipates that both the scale and cadence of associated product shipments will contribute to increased manufacturing efficiency and reduced fuel cell stack cost,” according to the company’s press release. Plug Power CEO Andy Marsh said the agreement with Ballard “is a reflection of the continuing growth of the sector, including new customers like Kroger Co. and repeat customers such as Sysco, who all feed into our manufacturing pipeline. Whole Foods, BMW, Central Grocers, Coca-Cola, FedEx Fre...

Full article: http://www.cleanbreak.ca/2011/07/19/this-fuel-cell-forkli...

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