June 27, 2010 (FinancialWire) — Plug Power Inc. (NASDAQ: PLUG) said its GenDrive fuel cell units will power Walmart (NYSE: WMT) Canada's fleet of electric lift trucks at the company's sustainable refrigerated distribution center in Alberta, Canada.

The GenDrive systems will be integrated into trucks manufactured by Crown Equipment Corp. Both perishable and freezer goods will be distributed in Walmart Canada's newly-built facility to support retail stores in Western Canada. The GenDrive freezer units will operate in conditions as low as -20 degrees F (-29 degrees C).

By utilizing GenDrive-powered lift trucks from the design stage, costs associated with installing, maintaining and operating traditional lead-acid battery systems are avoided. The decision to move forward with hydrogen-powered trucks and supporting infrastructure at the start allows for the possibility of future use at other existing sites.

In addition to lower operating costs, GenDrive allows for productivity increases, as material handling vehicles maintain maximum power and speed during an entire shift. Units can be refueled in less than two minutes, minimizing lost productivity.

Most importantly, the use of GenDrive hydrogen fuel cells provides companies with a power solution that aligns with environmental initiatives. With a possible greenhouse gas  emissions reduction of up to 72%, compared to batteries charged from the grid, GenDrive supports a sustainable operation.

Plug Power hopes the systems begin shipping in June and will be operational at Walmart Canada in fall of 2010.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[frlylrf] [ntrntnlcmpnsbsnss] [cndnexh] [qpmntnpq] [btnwswntb]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.