Last week, Plug Power proudly celebrated its one-millionth GenFuel refueling along with one of our biggest supporters, New York Senator Charles E. Schumer.
GenFuel, first announced in 2014, is Plug Power’s turnkey hydrogen storage and dispensing solution. Since 2014, we’ve installed more than 25 GenFuel installations at some of our highest volume customer sites. By the end of 2015, these customers were racking up 3,000 fuelings daily totaling more than 2.5 tons of hydrogen.
As we reached this milestone, we were honored to have Senator Schumer celebrate with us. Monday’s crucial milestone is a testament to the impact our GenDrive fuel cells are having on distribution centers across the country. Senator Schumer has supported and championed hydrogen and fuel cell policy throughout his term in Senate, including sponsoring the clean energy investment tax credit that has supported Plug Power, and the fuel cell industry, to realize commercial success in real-world applications.
As Senator Schumer said when addressing Plug Power’s employees, “This tax credit not only incentivizes businesses to purchase clean, American-made fuel cells from innovative companies like Plug Power, but it is also a proven job creator.”
During his visit, Senator Schumer emphasized that “four letter word – JOBS.” He shared that when he visited Plug Power five years ago, the floor was largely empty (there were fewer than 90 employees at the time) and that he vowed to do everything he could to help the company grow. Today, Plug Power’s 339 employees is testament to the job growth Schumer is so passionate about.
Since Senator Schumer’s last visit to Plug Power in 2010, the company has:
- Increased revenue from $19.5 million to over $100 million annually
- Increased shipped units from 650 to 3,600 annually
Given his long history of support for Plug Power, it was fitting that Senator Schumer performed the one-millionth hydrogen refueling – we were truly honored by his support. And we thank all of you that have supported Plug Power and helped the company become what it is today – we look forward to continuing to deliver fuel cells throughout the country and more jobs and a greater environment here in New York.