{"id":1424,"date":"2015-05-27T18:39:04","date_gmt":"2015-05-27T18:39:04","guid":{"rendered":"https:\/\/plugpower.local\/?p=1424"},"modified":"2015-05-27T18:39:04","modified_gmt":"2015-05-27T18:39:04","slug":"plug-power-sails-into-the-bay-area","status":"publish","type":"post","link":"https:\/\/www.plugpower.com\/blog\/plug-power-sails-into-the-bay-area\/","title":{"rendered":"Plug Power Sails into the Bay Area"},"content":{"rendered":"<p>May 27, 2015<\/p>\n<p>Home of the Golden Gate Bridge, Ghirardelli Chocolate and the 2014 World Series champion San Francisco Giants. The Plug POWERTrip \u2013 our six-city investor road show \u2013 spent the day in beautiful San Francisco at the Merchants Exchange Club with a group of our west coast investors.<\/p>\n<p>President &amp; CEO, Andy Marsh kicked off the presentation by announcing our recently-signed Master Services Agreement with a large footwear manufacturer in North America. The footwear manufacturer has completed a demonstration at one of its distribution centers with very positive results. Corporate management at the footwear manufacturer has defined the first three sites for implementation of Plug Power&#8217;s GenKey hydrogen and fuel cell solution and is analyzing wide adoption of the technology in its 30 sites globally.<\/p>\n<p>Andy went on to discuss Plug Power\u2019s 2015 goals and objectives. He highlighted the GenDrive platform, explaining that it is really three different series of products designed for different types of material handling equipment. Andy mentioned that a key target for 2015 is the integration of our internal fuel cell stacks into our products in order to drive costs down. He also spoke about GenFuel, noting that we do 2,500 fuelings each day into Plug Power fuel cells \u2013 that\u2019s one every 12 seconds.<\/p>\n<p><a class=\"entry-img-link\" href=\"https:\/\/www.plugpower.com\/wp-content\/uploads\/2015\/05\/H2Slide.png\"<\/a><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1420\" src=\"https:\/\/www.plugpower.com\/wp-content\/uploads\/2015\/05\/H2Slide.png\" alt=\"H2Slide\" width=\"619\" height=\"350\" \/><\/a><\/p>\n<p>John Cococcia, Plug Power\u2019s Vice President Business Development &amp; Investor Relations, then discussed <strong>our strategy for <\/strong>expansion opportunities in markets like stationary, ground support equipment, transportation refrigeration and European material handling. John outlined how we decide what to focus on in the near and long term and why hydrogen is a critical enabler for any market.<\/p>\n<p><a class=\"entry-img-link\" href=\"https:\/\/www.plugpower.com\/wp-content\/uploads\/2015\/05\/StrategySlide.png\"<\/a><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1421\" src=\"https:\/\/www.plugpower.com\/wp-content\/uploads\/2015\/05\/StrategySlide.png\" alt=\"StrategySlide\" width=\"668\" height=\"375\" \/><\/a><\/p>\n<p>Following management presentations, the floor was opened for a robust Q&amp;A session and we were not disappointed by the questions from our investors. Questions centered around strategic markets and hydrogen for the most part. \u00a0We were asked how much hydrogen a typical 250-unit warehouse uses in a day (about 250kg or 1kg per truck per day, though some customer usage strategies use more), how we manage preventative maintenance at a customer location (onsite Plug Power employees at each site, though that model may soon change for denser geographic regions), and which adjacent market we\u2019re most excited about in the near term (Europe is exciting because it is an extension of what we do today).<\/p>\n<p><a class=\"entry-img-link\" href=\"https:\/\/www.plugpower.com\/wp-content\/uploads\/2015\/05\/PlugPowerTrip_AndyJohn_SF.jpg\"<\/a><img loading=\"lazy\" decoding=\"async\" class=\" size-medium wp-image-1423 aligncenter\" src=\"https:\/\/www.plugpower.com\/wp-content\/uploads\/2015\/05\/PlugPowerTrip_AndyJohn_SF-225x300.jpg\" alt=\"PlugPowerTrip_Andy&amp;John_SF\" width=\"225\" height=\"300\" \/><\/a><\/p>\n<p>Some of the other questions included what the biggest reason is that we lose sales deals, why we are not pursuing residential backup or prime power, and how our strategy process relates to the range extender and refrigeration truck markets. For detailed answers to each of those and more, you\u2019ll have to listen to the replay of the webcast.<\/p>\n<p><a class=\"entry-img-link\" href=\"https:\/\/www.plugpower.com\/wp-content\/uploads\/2015\/05\/Investors.png\"<\/a><img loading=\"lazy\" decoding=\"async\" class=\" size-medium wp-image-1422 aligncenter\" src=\"https:\/\/www.plugpower.com\/wp-content\/uploads\/2015\/05\/Investors-225x300.png\" alt=\"Investors\" width=\"225\" height=\"300\" \/><\/a><\/p>\n<p>We enjoyed speaking with you all during and after the event.\u00a0 If you were not able to join us in San Francisco, you can listen to the webcast replay here: http:\/\/www.plugpowertrip.com.<\/p>\n<p>Next, we\u2019ll be heading south to meet with investors in Dallas, TX on Friday, May 29<sup>th<\/sup>. This is where Andy Marsh got his start and he\u2019s eager to connect with all of you there!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>May 27, 2015 Home of the Golden Gate Bridge, Ghirardelli Chocolate and the 2014 World Series champion San Francisco Giants. The Plug POWERTrip \u2013 our six-city investor road show \u2013 spent the day in beautiful San Francisco at the Merchants Exchange Club with a group of our west coast investors. President &amp; CEO, Andy Marsh ...<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1424","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"aioseo_notices":[],"yoast_head":"\n<title>Plug Power Sails into the Bay Area - Plug Power<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.plugpower.com\/blog\/plug-power-sails-into-the-bay-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plug Power Sails into the Bay Area - Plug Power\" \/>\n<meta property=\"og:description\" content=\"May 27, 2015 Home of the Golden Gate Bridge, Ghirardelli Chocolate and the 2014 World Series champion San Francisco Giants. 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