Plug Power expands GenKey offering for warehouse with electric forklifts

Plug Power has expanded its GenKey offering to enable fuel cell adoption for warehouses that operate fewer than 100 electric forklifts. For the first time, this segment of the forklift market, representing more than 25% of all forklifts sold in the U.S., will have access to cost-effective hydrogen fuel cells and the increased productivity they unlock. Plug is removing the barriers that fleets with 40 to 100 forklifts have previously seen, including capital, labor, space constraints and the challenges associated with hydrogen fuel sourcing and delivery. Customers that operate fewer than 100 electric forklifts can easily adopt hydrogen fuel cells, while increasing productivity, reducing space and carbon emissions. Plug’s solutions are incentivized by the Inflation Reduction Act, which has significantly lowered the cost of green hydrogen. Fuel cells also benefit from federal tax credits.