LATHAM, N.Y. and VANCOUVER, British Columbia--Plug Power Inc., a provider of energy solutions, and Ballard Power Systems, a provider of clean energy fuel-cell products, announced that the two companies have extended their existing supply agreement through Dec. 31, 2010.
The previous agreement was set to expire May 1, 2009. Under terms of the new agreement, Ballard will remain the exclusive supplier of fuel cell stacks for Plug Power's GenDrive product line of fuel cell power units.
Ballard's Mark9 SSL fuel cell products supply power to GenDrive hydrogen fuel cell units, which replace lead-acid batteries in lift trucks used in warehouse, distribution and manufacturing facilities. Plug Power integrates the fuel cell product with the balance of plant to produce a reliable motive power system that offers customers compelling benefits over theincumbent technology, including: continuous power for increased productivity; reduced operational costs; the elimination of a battery charging room, opening up valuable commercial floor space; and the elimination of the storage and handling of toxic materials.
To date, Plug Power has commissioned numerous fleets of GenDrive fuel cell units in end-user facilities. In addition, Ballard is focused on driving adoption of fuel cell products in key application areas, including the material handling market, through cost reductions and other initiatives.
