{"id":33310,"date":"2019-04-04T11:30:40","date_gmt":"2019-04-04T15:30:40","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=33310"},"modified":"2019-04-05T12:28:16","modified_gmt":"2019-04-05T16:28:16","slug":"plug-power-makes-list-of-most-innovative-companies-for-its-hydrogen-fuel-cell-work","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/04\/plug-power-makes-list-of-most-innovative-companies-for-its-hydrogen-fuel-cell-work\/","title":{"rendered":"Plug Power Makes List Of  Most Innovative Companies For Its Hydrogen Fuel Cell Work"},"content":{"rendered":"<figure id=\"attachment_33311\" aria-describedby=\"caption-attachment-33311\" style=\"width: 929px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-33311\" src=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/04\/plugpower-hc.jpg\" alt=\"\" width=\"929\" height=\"666\" srcset=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/04\/plugpower-hc.jpg 929w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/04\/plugpower-hc-300x215.jpg 300w, https:\/\/www.saratoga.com\/saratogabusinessjournal\/wp-content\/uploads\/sites\/48\/2019\/04\/plugpower-hc-768x551.jpg 768w\" sizes=\"auto, (max-width: 929px) 100vw, 929px\" \/><figcaption id=\"caption-attachment-33311\" class=\"wp-caption-text\">This is the Plug Power office in Clifton Park. The company was recently named to Fast Company\u2019s prestigious annual list of the World\u2019s Most Innovative Companies for 2019.<br \/>\u00a92019 Saratoga Photographer.com<\/figcaption><\/figure>\n<p>Plug Power Inc., a provider of energy solutionswith an office in Clifton Park, has been named to Fast Company\u2019s prestigious annual list of the World\u2019s Most Innovative Companies for 2019.<br \/>\nThe 2019 Most Innovative Companies (MIC) list honors 50 businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today\u2019s volatile world. Half of the companies on this year\u2019s MIC 50 list are appearing for the first time.<!--more--><br \/>\n\u201cHydrogen is the way of the future, specifically in mobility applications. We\u2019ve proven this for a long time at Plug Power, and it\u2019s incredible to have such a distinguished and forward looking media company such as Fast Company recognize Plug Power, not only for the impactful work we\u2019re doing today, but also the for the vast and comprehensive potential of hydrogen fuel cell power in the future,\u201d said Andy Marsh, CEO, Plug Power.<br \/>\nPlug Power made strides toward on-road vehicle applications in 2018. It applied its knowledge of fuel cell engine design and launched the first FedEx hydrogen fuel cell-powered electric vehicle (FCEV), officials said. With Plug Power\u2019s hydrogen and fuel cell solutions, the FedEx vehicle range was extended to 160 miles\u2014166 percent greater than BEVs alone, and the driver can refuel its truck in minutes instead of spending hours to charge batteries.<br \/>\nAccording to the company, these benefits are allowing the truck and its drivers to get back on the road faster and deliver more packages. The FedEx truck has accumulated more than 14,000 on-road miles. This marked a defining moment for Plug Power, as the company delivered on its commitment to expand into on-road applications such as delivery trucks, while still remaining true to its core material handling business.<br \/>\nPlug Power continues its transformational efforts within industrial mobility, bringing clean hydrogen fuel cell solutions to major retailers that aim to reach consumers\u2019 demands for immediacy\u2014shopping online 24 hours a day for groceries, clothing and medication. With the rise of parcel volume\u2014expected to increase at a rate of 17-28 percent each year until 2021. The U.S. Postal Service, a Plug Power customer since 2017, avoided $3.5 million in annual costs within the first year of using Plug Power, resulting in a ROI of 107 percent, the company said.<br \/>\nTo date, Plug Power\u2019s innovations have resulted in more than 25,000 units in the field, 180 million hours of fleet operation, and over 16 million hydrogen fills officials said.<br \/>\nAlso, Plug Power announced it has begun standard production of the family of next-generation class 1 GenDrive systems for industrial lift trucks. The new units are designed with Plug Power\u2019s ProGen hydrogen fuel cell engine technology which delivers increased efficiency and higher reliability. The new units include several enhancements such as larger fuel tanks for increased runtime (approximately 10 percent) and wireless communication capabilities for operations data and effective fleet management.<br \/>\nWith a new design that is focused on ease of service for both field technicians and customers, Plug Power also improved the product serviceability, reducing the time and effort required to work on the units, the company said.<br \/>\nThe first customer orders were expected to ship in March. Major automotive manufacturers including BMW, Mercedes and Toyota are among Plug Power\u2019s impressive client roster.<br \/>\n\u201cAccording to Moody\u2019s, global light vehicle sales are projected to grow in 2019, which means our automotive manufacturing customers are going to need dependable equipment that will enable them to keep up with the demands of a continuously growing industry,\u201d said Marsh. \u201cWe\u2019re proud to be working with these leading companies to revolutionize one of the world\u2019s most influential industries as we move together towards a clean and sustainable future of mobility.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plug Power Inc., a provider of energy solutionswith an office in Clifton Park, has been named to Fast Company\u2019s prestigious annual list of the World\u2019s Most Innovative Companies for 2019. The 2019 Most Innovative Companies (MIC) list honors 50 businesses making the most profound impact on both industry and culture, showcasing a variety of ways [&hellip;]<\/p>\n","protected":false},"author":196,"featured_media":33311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-33310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurship"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Plug Power Makes List Of Most Innovative Companies For Its Hydrogen Fuel Cell Work - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/04\/plug-power-makes-list-of-most-innovative-companies-for-its-hydrogen-fuel-cell-work\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Plug Power Makes List Of Most Innovative Companies For Its Hydrogen Fuel Cell Work - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"Plug Power Inc., a provider of energy solutionswith an office in Clifton Park, has been named to Fast Company\u2019s prestigious annual list of the World\u2019s Most Innovative Companies for 2019. 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