Plug Power Sees 2016 Sales From Hydrogen Fuel Cells Up 50%
- Revenue from fuel-cell systems exceeded $100 million in 2015
- Expects to install 25 full-service forklift sites this year
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Plug Power Inc., a maker of fuel-cell systems for forklifts, expects revenue to climb 50 percent in 2016, matching the growth rate set last year.
Revenue will reach $150 million this year after contracted bookings last year exceeded $200 million, the Latham, New York-based company said in a statement Thursday. Sales in 2015 exceeded $100 million.