Procter & Gamble (NYSE:PG) has plans to convert 200 battery-operated forklifts into ones powered with hydrogen fuel cells at three of its manufacturing plants. Plug Power (NASDAQ:PLUG) will supply the new technology that combines hydrogen and oxygen to produce electricity without combustion.
The consumer product company says fuel cells are fast and easy to refuel, require minimal maintenance and allow trucks to sustain power over an entire shift. The fuel cells also should produce fewer greenhouse gas emissions.
“Fuel cell forklifts can be a financially attractive proposition that increase productivity while helping us reach our sustainability vision,” Stefano Zenezini, P&G’s Vice President, Global Family Care Product Supply and Global Product Supply Sustainability, said in a news release. “Our internal analysis shows that we can not only achieve the sustainability benefits, but can also achieve an attractive rate of return on our investment at the same time.”
Zenezini said two additional sites are in the advanced study phase for conversion, and P&G continues to look for additional environmentally sustainable opportunities.