In 2014, Plug Power launched GenFuel, an all-inclusive hydrogen storage, compression and dispensing system for customers in North America. By early 2016, Plug Power had built 26 GenFuel systems with customers such as Walmart, Uline, Federal Express and Kroger. These systems dispense approximately 2 tons of hydrogen per day. In other words, our hydrogen stations dish out as much fuel as a gas station does today!
Plug Power has a fundamental understanding that the key to scale not only our business, but the entire fuel cell industry, is in the development of reliable and cost effective hydrogen solutions. We’ve already become experts building hydrogen dispensing infrastructure for the $4 billion material handling market. And, we believe we can expand to serve a $40 billion market.