PRESS RELEASE: Billerica, Mass. – On December 18, 2014, Nuvera Fuel Cells, Inc., manufacturer of fuel cell systems and hydrogen generation and refueling equipment, was acquired by NACCO Materials Handling Group, Inc. the operating company of Hyster-Yale Materials Handling, Inc. (NYSE: HY). The acquisition marks a major milestone in Nuvera’s commercialization of clean energy solutions.

Hyster-Yale Materials Handling, a leading lift truck manufacturer, intends to begin rapid development of Nuvera’s fuel cell technology across large parts of the Hyster® and Yale® product line. In so doing, Hyster-Yale believes it will become the first major lift truck company committed to full deployment of fuel cell motive power and on-site hydrogen generation and supply solutions for the material handling market. Nuvera, a leader in developing hydrogen solutions for industrial mobility, transportation, and industrial gas markets, offers unique capabilities to integrate fuel cells with lift trucks based on its prior development of PowerEdge™ hybrid fuel cell power packs.

Nuvera’s PowerTap™ equipment provides small- and large-scale hydrogen fuel supply for fuel cell-powered industrial vehicles. The Hyster-Yale/Nuvera union will provide forklift fleet customers with increased power options for electric trucks and a single-source hydrogen solution. These options will accommodate aftermarket retrofit solutions for any brand electric powered lift truck in the market today.

Hyster-Yale is committed to bringing Nuvera’s premium hydrogen products and advanced fuel cell technology to customers who demand quality, reliability, and lowest cost of ownership.

Have you found yourself wondering how to better understand comparisons between battery- and fuel cell-powered cars? It starts by avoiding a common mistake, the generalization that pits ‘hydrogen cars’ against ‘electric cars.’ In fact, hydrogen-powered cars ARE electric cars. Electric vehicles (EVs) can be fueled either by a battery (making it a battery electric vehicle: BEV), or a hydrogen fuel cell (making it a fuel cell electric vehicle: FCEV). In both cases, the car is an electric car.

Is your car big enough for our holiday to-do list? Zero-emissions hydrogen-powered fuel cell electric vehicles (FCEVs) offer all the cargo space for the many things that Nuvera staff do during the holidays. One of these things is to join our friends at the Billerica Food Pantry who are working hard – with your contributions – to meet their targets. Supreet Dangore, Supplier Development Engineer at Nuvera Fuel Cells, delivered contributions from Nuvera and learned that our community has been coming together to help meet pantry targets.