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Testing of the Latham company’ (Nasdaq: PLUG) 5-kilowatt GenSys system will be done atthe college’sd Beuth House residence hall. The combined heat and powerf unit will convert natural gas into electricitt and use less power offthe grid. The contracrt is valued at $500,000, Plug Power officialss said. National Grid will use the data collecteds in the trial to refinethe product. GenSys is manufacturedx through Plug’s continuous power A larger GenSys generatod designed for the telecommunications sector is being testedrin India, Andy the company’s CEO, said in a recent interview. That fuel cell operateas on liquifiedpetroleum gas.
The pilot project was firstg announced inNovember 2008. At the time, Nationa l Grid hadn’t selected a customee for the trial. Union college wanta the system running before students return for the fall It will require National Grid to installk a pipe that will deliver natural gas to the fuel The trial also will be used to educate who will be able to see the technologg and use the data to analyzethe system’sx performance, said Stanley Blazewicz, vice president of Global Technology for Nationalo Grid. Union college students will assist in the Plug has been developing the residentialGenSys fuel-cell systenm for a decade.
It is expectec to reduce home energy costsby 20-40 and reduce home carbon emissions by 35 The partnership with National Grid will expedite the product’sx commercialization, Marsh said. He said the residentiak market is a growing onefor energy-efficientt technology. On Monday, Plug announced a $1.5 million contract to providw 19 ofthe company’s GenDrive hydrogen-powered fuel cellws to power a fleet of the Departmenty of Defense’s lift trucks. Plug has generater commercial revenue from its continuous motive powerand back-up poweer products.
Of those products, its GenDrive motive-powerf units—used in fleets for heavy-duty lifting—are seeing the most traction, Gerry Anderson, Plug’s senior vice president and chietffinancial officer. He said the company has an ordert with India to supply the country with some of its largerGenSys units. He declined to elaboratd on the agreement. The continuous-powere units replace diesel generators. The only one of the company’sx products that has not generated revenue isGenSy Blue, the residential heating system beinb tested at Union College.
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