Plug Power to Develop Fuel Cell Range Extenders for FedEx Express Electric Delivery Trucks - WSJ.com
This is a link to a WSJ article about the fuel cell range extenders that Plug Power (PLUG) is developing for FedEx. As the article mentioned, Plug Power has 90% of the lift truck fuel cell business, and the new range extenders will enable electric vehicles to have a realistic travel range. This combination of fuel cells and electric battery power will revolutionize the future for alternative fuel vehicles. The Department of Energy gave Plug Power three million dollars for this project. The company still has plenty of growing room in fuel cell lift trucks, too. These two types of equipment could easily double or triple the company's business over time. Refrigeration fuel cell equipment is a third possibility for Plug Power. I own shares in the company, and I will probably buy more shares on any major pullbacks.
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