Plug Power Inc., a leader in providing clean, reliable energy solutions, today reports its 2015 second quarter results. The quarterly results are the company’s best in its 19-year history.
These record achievements include record revenue of $24m, bookings in excess of $59m, and a positive gross margin at 7%.
Most notably, Plug Power realised 26% gross margins from its longest-running product line, GenDrive, up from 17% in the same quarter of 2014. Plug Power has been selling GenDrive to material handling customers commercially since 2010.
Today, more than 8,500 units have been deployed in North America, and have accumulated more than 107 million operating hours.
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