Power Group Online Article |  | |
19 October 2006 -- Plug Power Inc., a provider of on-site energy products, announced that IST Holdings Ltd., a Plug Power distributor headquartered in Pretoria, South Africa, has issued a follow-on purchase order for 120 of the company's GenCore backup fuel cell systems.
The fuel cells are meant to meet the demands of customers that require reliable on-site backup power in remote regions. Plug Power uses an ultracapacitor feature that mitigates problems with immoderate climates and severe temperatures that can negatively impact battery life spans and overall performance.
In December 2005, the International Finance Corporation (IFC), the private sector arm of the World Bank Group, awarded a $3 million grant to IST and Plug Power to install 400 fuel cells in remote locations and cities throughout South Africa over a three-year period. IST operates throughout Africa's southern countries and sees the supply of fuel cells in South Africa under the IFC program as a logical step toward introducing fuel cells and other renewable energy projects across the African continent.
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