PRESS RELEASE: Billerica, Massachusetts, July 9, 2013 — Ace Hardware Corporation has selected Nuvera Fuel Cells to be the hydrogen provider for its fuel cell lift truck fleet at its new Retail Support Center, located in Wilmer, Texas.
Nuvera will install and maintain its on-site hydrogen generation and refueling solution at the facility. The lift trucks are manufactured by The Raymond Corporation and will be powered using fuel cell units manufactured by Plug Power Inc. (NASDAQ: PLUG).
Ace Hardware elected to power its material handling equipment with fuel cells after comparing its costs and performance with standard and fast charge lead acid batteries. Ace will enjoy substantially increased productivity from its new equipment, as well as a more efficient use of facility space. Operational costs will be reduced as a result of decreased operator and vehicle off-floor time. The forklifts can be fueled by truck operators in less than two minutes.
"We are pleased to have been selected by Ace Hardware as its hydrogen fuel provider," said Prabhu Rao, Vice President of Commercial Operations at Nuvera Fuel Cells. "We are excited to see a growing number of leading companies like Ace turn to Nuvera product solutions to provide hydrogen in a safe, cost-effective and convenient manner."
The conversion from batteries to fuel cell-powered forklifts also has substantial environmental benefits. "Ace Hardware's forklifts will be fueled with hydrogen produced on-site from our PowerTap™ steam methane reformer," said Gus Block, Director of Marketing at Nuvera. "About 45% of the hydrogen actually comes from water. We estimate that as a result of Ace Hardware's new equipment, the company will be producing 70 tons less carbon dioxide and avoid 330,115 kWh of electrical consumption annually."
Nuvera's on-site hydrogen generation, compression, and storage equipment will all be located on a small pad located adjacent to the new indoors, making refueling convenient for operators.
Ace will be taking advantage of Nuvera's PowerTap+ service that eliminates most of the upfront costs of bringing hydrogen to the site. Under this supply agreement, Nuvera retains ownership of the equipment, monitors performance remotely, and performs regular maintenance. This ensures efficient, uninterrupted hydrogen delivery.
Construction on Ace Hardware's new facility broke ground in mid-March and is scheduled for completion in early 2014.
ABOUT NUVERA FUEL CELLS
Nuvera Fuel Cells is an alternative-power technology company focused on fuel cell stacks and related systems, on-site hydrogen production and dispensing systems for both commercial end-users and OEMs. Located in the U.S. and Europe, Nuvera manufactures hydrogen supply and fuel cell power products designed for efficiency, safety, and productivity. Visit www.nuvera.com.