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Delivery Boom Kicks Hydrogen-Powered Forklifts Into Hyperdrive

  • Plug Power’s first-quarter sales from hydrogen jump 11%
  • Company handled 30% of all U.S. warehouse groceries in quarter

A surge in home deliveries of toilet paper, frozen meats and other goods gave a boost to Plug Power Inc., a fuel-cell manufacturer that also supplies hydrogen for warehouse forklifts.

The company’s sales from the gas surged 11% during the first quarter, Latham, New York-based Plug Power said in a statement Thursday. Walmart Inc., a key Plug Power customer, increased its consumption 30% above its typical peak-season average.