Loan will help Plug Power deliver more of its hydrogen fuel cells

Plug Power - Hydrogen Fuel Cells

Green Bank provides Plug Power with $25 million loan The New York Green Bank has announced that it will be lending $25 million to Plug Power in order to help the company expand the use of its hydrogen fuel cells in the materials handling space. Several large companies, such as Wal-Mart and Home Depot, have begun to use fuel cells to power their forklift trucks operating at their distribution centers. These energy systems have gained popularity because of their highly efficient nature and their ability to generate electrical power without…

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Target wins top ranking for corporate solar energy capacity

SEIA report shows that Target is number one with installed solar energy capacity among corporations Major retailer Target has been ranked as number one in corporate solar energy capacity for this year, according to a new report from the Solar Energy Industries Association (SEIA). This is the first time Target has managed to acquire this position since the SEIA began surveying solar capacity within the corporate sector six years ago. Target has managed to beat out other massive retailers and companies, such as Wal-Mart, and now boasts of the largest…

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Hydrogen fuel cell developer may break even this year

Plug Power could reach a major milestone by the end of 2015 Plug Power, a prominent developer of hydrogen fuel cells, is expecting to reach a major milestone by the end of this year. The company, which saw an increase in sales of its fuel cell products last year, predicts that it will break even by the fourth quarter of 2015. According to CEO Andy Marsh, the company is expected to book some $200 million in sales this year, up from the $150 million in sales it saw in 2014.…

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Wal-Mart expands deal with hydrogen fuel cell developer

Wal-Mart wants more fuel cells and hydrogen production technology from Plug Power Wal-Mart has expanded its order of hydrogen fuel cells from Plug Power, a leading developer of fuel cell energy systems. Plug Power has been providing Wal-Mart with fuel cell systems for some time. In February of this year, the two had formed an agreement through which Plug Power would build six hydrogen fuel sites for Wal-Mart, delivering over 1,000 of its GenDrive fuel cell systems to the retailer over the next few years. Expanded deal will bring more…

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Hydrogen fuel cell developer sees lower losses than expected

Ballard reports that its losses narrowed over the past fiscal quarter Ballard Power Systems, a leading developer of hydrogen fuel cells based in Canada, has posted the results of its performance during the latest fiscal quarter. The company has been on the verge of profitability for some time, but this has proven to be an elusive goal for Ballard and other fuel cell developers. Ballard had expected to see relatively high losses over the past quarter, but the company’s losses proved to be modest, offset by higher revenues from the…

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Wal-Mart sets ambitious renewable energy goals

Walmart renewable energy

Retailer plans to take renewable energy to new heights Wal-Mart is quickly becoming one of the strongest supporters of renewable energy in the world of business. As one of the largest retailers in the world, Wal-Mart consumes vast amounts of fuel in order to remain operational. For most of its existence, the retailer has relied heavily on fossil-fuels. Recently, however, Wal-Mart has begun to focus more on renewable energy in the hopes of reaching new energy efficiency standards it has set for itself as well as becoming more environmentally friendly.…

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Wal-Mart expands solar energy in Hawaii

Walmart renewable energy

Hawaiian stores equipped with solar energy systems Wal-Mart has been making greater efforts to become more environmentally friendly in recent years. The massive retailer has been making changes to its corporate policies to address issues concerning efficiency and emissions and has been making strong progress in adopting renewable energy. In Hawaii, Wal-Mart has partnered with SunEdison to incorporate new solar energy systems into three of its stores. These stores are located in Kapoley, Kailua-Kona, and Kahulai, and represent a step forward in the companies ultimate goal of becoming 100% reliant…

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