Plug Power, a leader in providing clean, reliable energy solutions, today reports its 2014 third quarter results.
Plug Power closed the third quarter of 2014 with 857 GenDrive units shipped to material handling customers. This equates to a 450% increase compared to the third quarter of 2013, when 155 GenDrive units were shipped.
Bookings continue to be strong and during the third quarter of 2014, Plug Power brought in over $25.6m in bookings from customers including Mercedes-Benz, Coca-Cola, BMW, Walmart, Kroger and Newark Farmers Market.
“Plug Power continues to exhibit growth and record numbers, quarter after quarter,” said Andy Marsh, CEO. “Our current customer base is seeing value from our products, firsthand, and companies like Newark Farmers Market, BMW and Central Grocers are refreshing their existing GenDrive fleets by reinvesting in more products from Plug Power. That is true validation.”
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