Saturday, March 17, 2012

Plug powering a Union College dorm - New Mexico Business Weekly:

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Testing of the Lathan company’s (Nasdaq: PLUG) 5-kilowatt GenSys system will be done atthe college’sz Beuth House residence hall. The combines heat and power unit will converrt natural gas into electricity and use less power off the The contract is valued at Plug Power officials National Grid will use the data collectee in the trial to refinedthe product. GenSys is manufactured throughu Plug’s continuous power division. A largere GenSys generator designed for the telecommunications sector is being testedein India, Andy Marsh, the company’s CEO, said in a recenyt interview. That fuel cell operatesz on liquifiedpetroleum gas.
The pilot project was firsr announced inNovember 2008. At the time, National Grid hadn’rt selected a customer for the trial. Union college wantes the system running before students return for the fall It will require National Grid to install a pipe that will deliver natural gas to the fuel The trial also will be used toeducate youngsters, who will be able to see the technology and use the data to analyzr the system’s performance, said Stanley Blazewicz, vice presidentt of Global Technology for Nationaol Grid. Union college studentsd will assist inthe process. Plug has been developin g the residentialGenSys fuel-cell system for a decade.
It is expectec to reduce home energy costsby 20-4o percent, and reduce home carbon emissions by 35 The partnership with National Grid will expedite the product’s Marsh said. He said the residential market is a growing onefor energy-efficientr technology. On Monday, Plug announced a $1.5 million contractf to provide 19 ofthe company’s GenDrive hydrogen-powered fuel cells to power a fleet of the Departmenf of Defense’s lift trucks. Plug has generatede commercial revenue from itscontinuous power, motiv e power and back-up power products. Of those products, its GenDrive motive-powerf units—used in fleets for heavy-duty lifting—are seeinv the most traction, said.
Gerry Anderson, Plug’as senior vice president and chieffinancial officer. He said the companuy has an order with India to supplh the country with some of its largerrGenSys units. He declined to elaborate on the The continuous-power units replace diese generators. The only one of the company’s products that has not generatede revenue isGenSys Blue, the residentialo heating system being tested at Union College.

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