Newark Farmers Market Maintains Commitment to Fuel Cells With New Order of GenDrive Units for Forklift Fleet

LATHAM, N.Y., July 26, 2016 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy solutions that change the way the world moves, today announced that Newark Farmers Market has placed an order for 96 next-generation GenDrive fuel cell units to operate its electric industrial truck fleet in Newark, New Jersey. Newark Farmers Market has utilized GenDrive systems as the sole power source for its electric industrial truck fleet since 2011, and have reinvested in the benefits of Plug Power’s GenDrive fuel cells by adopting the next generation product.

In addition, the New Jersey-food distributor completed expansion of its business in 2016, engaging Plug Power for a turnkey GenKey system, adding 110 new GenDrive fuel cells and a GenFuel hydrogen fueling system to its new state-of-the-art food distribution center. Today, Newark Farmers Market operates more than 240 GenDrive units, making it the largest fuel cell-powered electric industrial truck fleet in New Jersey. In total, Newark Farmers Market has operated approximately 1.8 million hours on Plug Power fuel cell power, and operators have performed more than 183,000 hydrogen refuelings.

“This is a success story for Plug Power, as nothing validates our solution better than a satisfied customer who reinvests in our business-enhancing solutions,” said Andy Marsh, CEO at Plug Power. “Newark Farmers Market was an early adopter that has been reaping the benefits of GenDrive fuel cell solutions, and has been seeing the additional benefits through our GenFuel and GenCare services for the last year. We are proud to be a partner in their success.”

“Using a GenDrive-powered lift truck fleet has allowed us to increase productivity and continue to grow our operations in New Jersey,” said David Forem, CEO of Newark Farmer’s Market. “Increased operational efficiency, coupled with improved safety and sustainability impacts, made it easy to reinvest in Plug Power’s hydrogen and fuel cell solutions as we cement our leadership position in the market.”

Plug Power’s innovative GenKey model combines all elements of a deployment together to enable a simple adoption of Plug Power’s hydrogen and fuel cell solution. For industrial mobility applications, GenDrive fuel cell systems enable users to elevate the levels of its workforce by increasing fleet productivity and performance. Material handling professionals like Newark Farmers Market experience unparalleled “best in class” uptime when using Plug Power’s intelligent GenDrive fuel cells to power its material handling equipment.

Plug Power has a history of customers who have reinvested in the GenDrive solution. Newark Farmer’s Market joins the list that also includes Central Grocers, Walmart, Walmart Canada, BMW, Wegmans and Bridgestone.

About Plug Power Inc.
The architects of modern hydrogen and fuel cell technology, Plug Power has revolutionized the industry with its simple GenKey solution, elements of which are designed to increase productivity, lower operating costs and reduce carbon footprints in a reliable, cost-effective way. Plug Power’s GenKey solution couples together all the necessary elements to power, fuel and service a customer. Plug Power is the partner that customers trust to take their businesses into the future. For more information about Plug Power, visit

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Source:Plug Power, Inc.