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Plug Power, Honda R&D Team to Develop Home Refueling System
(10/18/2002)October 18, 2002–- To help pave the way to the hydrogen age, Plug Power and Honda R&D are teaming up to develop and test a home refueling system for fuel cell vehicles. Plug Power and Honda will test the system utilizing Plug Power’s GenSys 5C stationary fuel cell system, at their respective facilities in Latham, N.Y. and Japan.
Honda R&D reportedly will fund Plug Power's work under the agreement and purchase a second GenSys 5C fuel cell system from Plug Power, as anticipated in the memorandum of understanding in May. Honda purchased its first system from Plug Power in June, which is currently installed and operating at Honda R&D's facility in Japan.
"This agreement cements an important relationship for Plug Power that will enable us to take the residential fuel cell concept to the next level," said Plug Power CEO Roger B. Saillant. "There is a clear benefit to Plug Power in collaborating with Honda, one of the world's most innovative automotive companies. We believe this will be particularly evident to our extended enterprise partners, because the relationship further paves the path between the stationary and automotive fuel cell industries.
