Plug Power Inc (NASDAQ:PLUG) a pioneer in providing energy offerings, has been listed in the 2017 Deloitte’s Technology Fast 500™. It is a listing of the 500 rapidly growing media, technology, life sciences, energy tech and telecommunications firms in North America. The list is grounded on percentage of revenue growth from FY2013 to FY2016, with Plug Power surging by 223% during this period.
Plug Power is the undoubted frontrunner in the hydrogen and fuel cell industry. In total, the firm has nearly 19,000 GenDrive fuel cells installed in industrial electric vehicle apps with Fortune 500 firms including Amazon, Home Depot and Walmart. The fleet records run-hours of over 150 million, with operators completing over 8.5 million hydrogen fuelings through its GenFuel hydrogen stations. The firm’s signature offering, GenKey, provides consumers a true turnkey solution that turns fuel cell adoption easier and considerably improves throughput and efficiency.
Andy Marsh, the CEO of Plug Power, expressed that their unique fuel cell solutions support markets where asset utilization is important to operate at higher levels of operational efficiency and productivity. Their offerings present an attractive value proposition for different material handling consumers, industrial electric vehicle customers constantly look for productivity-enhancing offerings that positively influence the bottom line.
As the drift to electrification of mobility extends across the industrial vehicle segment, Plug Power has expanded to boost fleet vehicle applications such as electric delivery vans and airport ground support equipment with its “ProGen” hydrogen fuel cell engine offerings.
Marsh added that the company has clearly shown its ability to adapt its ProGen fuel cell engine know-how to meet the broader market needs outside of material handling via preliminary achievement with on-road fleet vehicle applications like electric trucks and FedEx delivery vans. The 2017 Deloitte’s Technology Fast 500™ winners underline the impact of world class consumer service and technological innovation in leading growth.