The Wal-Mart testing was completed successfully in January with more than 18,500 hours of active work logged by the pallet lift trucks. Wal-Mart now considers the vehicles viable for ongoing use. One of the chief advantages of the fuel-cell units identified in the test was that they completely replaced the lift trucks' environmentally unfriendly lead-acid batteries.
Analysis: This is unlikely to be Plug Power's last acquisition after Smart Hydrogen's massive $217 million injection in 2006. Using fuel-cells to replace lead acid batteries is a huge step forward and I'm sure Wal-Mart's involvement is what made Cellex such an attractive target for Plug Power.
- Hydrogen powered electric lift-trucks pass Wal-Mart tests
- Voller runs prototype fuel-cell on compressed natural gas
- Danish company to build fuel-cell pilot plant