Partnership Forms to Market Fuel Cells in Russia

Latham, New York [] Plug Power Inc. signed a Strategic Partner Agreement (SPA) with New Energy Projects (NIC NEP) to collaborate on fuel cell technology and market development efforts in Russia. Plug Power and NIC NEP, which was launched in 2003 by Norilsk Nickel and the Russian Academy of Sciences to advance hydrogen power and fuel cell research, will jointly approach the development of commercial channels, supplier relationships, product manufacturing capabilities, training and support services and requisite infrastructure. The two companies expect to develop a comprehensive, prioritized product roadmap to drive product development and technology delivery activities in line with Russian market requirements.
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