"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."
CINCINNATI--(BUSINESS WIRE)--The Procter & Gamble Company (NYSE:PG) today announced that it is
converting its battery-operated forklift fleets at three facilities to
ones powered with hydrogen fuel cells. Fuel cells are a leading edge
technology that combines hydrogen and oxygen to produce electricity
efficiently without combustion, with the goal of producing fewer
greenhouse gas emissions.
The first three P&G manufacturing facilities to use the greener
forklifts– one each in California, North Carolina, and Louisiana – will
begin converting the trucks’ batteries to fuel cells within weeks with
Plug Power, Inc. (NASDAQ: PLUG) supplying the new technology.
“Fuel cell forklifts can be a financially attractive proposition that
increase productivity while helping us reach our sustainability vision,”
said P&G's Stefano Zenezini, vice president, Global Family Care Product
Supply and Global Product Supply Sustainability. “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.” The fuel cells enable the truck to sustain its power over an
entire shift, require less routine maintenance and are much faster to
refuel. It takes about two minutes to replenish a forklift with
high-pressure hydrogen gas.
The first three sites will see over 200 forklifts powered with hydrogen
fuel cells. Other sites are being studied for future conversions. “This
is just another step on our environmental sustainability journey,”
Zenezini said. “Two additional sites are in the advanced study phase for
conversion, and we’ll continue to look for opportunities like this where
innovation has made going green a win for our shareholders as much as it
has the environment.”
About Procter & Gamble
P&G serves approximately 4.4 billion people around the world with its
brands. The Company has one of the strongest portfolios of trusted,
quality, leadership brands, including Pampers®, Tide®, Ariel®, Always®,
Whisper®, Pantene®, Mach3®, Bounty®, Dawn®, Fairy®, Gain®, Pringles®,
Charmin®, Downy®, Lenor®, Iams®, Crest®, Oral-B®, Duracell®, Olay®, Head
& Shoulders®, Wella®, Gillette®, Braun®, Fusion®, Ace®, Febreze®, Ambi
Pur®, SK-II®, and Vicks®. The P&G community includes operations in about
80 countries worldwide. Please visit http://www.pg.com
for the latest news and in-depth information about P&G and its brands.