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Bridgestone/Firestone buys more Plug Power fuel-cell systems

Tuesday, April 1, 2008

The Business Review

Plug Power Inc. has sold more GenDrive fuel cells to Bridgestone/Firestone to power forklifts.

Plug (Nasdaq: PLUG), based in Latham, said Bridgestone/Firestone North American Tire LLC is converting 22 forklifts to the GenDrive system this year at its Aiken County, S.C. plant. It is Bridgestone's fifth order. Plug delivered its first units in early 2006. The fuel cells are replacing lead-acid batteries.

Details of the deal were not disclosed.

"The fuel cells are a direct replacement that last longer than batteries, take less time to change or refuel and only emit water vapor," said Mike Rose, Bridgestone/Firestone's plant manager. The plant produces both passenger and light truck tires.

 

   

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