Plug Power Reports $7 Million Fuel Cell Purchase Agreement

August 29, 1999 by Jeff Shepard

Plug Power Inc. (Latham, NY) reported the recent execution of a $7.0 million agreement with a public utility to purchase 75 of Plug Power’s first commercial fuel cell systems, as well as installation, maintenance, training, engineering and other technical support services. The program, which will include the development of remote dispatch software, will commence in summer 2001.

The overall objective of the program is to gain additional knowledge of the operation, control, grid interconnection, environmental factors and operating modes of fuel cell units to support utility applications, including future residential applications. Additionally, Plug Power announced that it has completed the testing and evaluation required for CSA International certification of its initial fuel cell units. The company has received approval to produce units bearing the CSA International certification seals for the US.