{"id":803,"date":"2014-09-22T21:50:09","date_gmt":"2014-09-22T21:50:09","guid":{"rendered":"http:\/\/plugpower.lpstaging.net\/?p=803"},"modified":"2014-09-22T21:50:09","modified_gmt":"2014-09-22T21:50:09","slug":"blog-plug-power-and-mt-bank-offer-financing-packages-for-genkey-hydrogen-fuel-cell-customers","status":"publish","type":"post","link":"https:\/\/www.plugpower.com\/blog-plug-power-and-mt-bank-offer-financing-packages-for-genkey-hydrogen-fuel-cell-customers\/","title":{"rendered":"Blog:  Plug Power and M&#038;T Bank Offer Financing Packages For  GenKey Hydrogen Fuel Cell Customers"},"content":{"rendered":"<h3>Plug Power and M&amp;T Bank Offer Financing Packages For<br \/>\nGenKey Hydrogen Fuel Cell Customers<\/h3>\n<p>The ability to procure financing for Plug Power\u2019s material handling fuel cell customers is an important incentive and focal point within the company\u2019s growth strategy. Plug Power has recently secured an additional funding partner in M&amp;T Bank that enables financing packages to be made available for new and existing Plug Power customers who are evaluating GenKey opportunities.<\/p>\n<p>GenKey is Plug Power\u2019s all-inclusive solution that provides GenDrive fuel cells, GenCare service and GenFuel hydrogen and fueling infrastructure for use in material handling applications. The entire premise of GenKey is to provide ease of use to customers, combining all necessary elements into a \u201cone-stop-shopping\u201d option, in order to make the transition to fuel cells seamless.<\/p>\n<p>Plug Power\u2019s financing packages have been developed to ensure flexibility that matches business requirements. Financing terms are adjusted to fit customer needs, often ranging from 5-6 years for GenDrive fuel cells and 10 years for hydrogen infrastructure. Utilizing a third-party financial institution also enables customers to take advantage of any financial benefits offered with the purchase of fuel cells, such as the 30% investment tax credit.<\/p>\n<p>At the close of the second quarter, Plug Power realized over $17.3M in revenue. This is a three-fold increase versus the first quarter of 2014. This tremendous achievement can be attributed to the successful launch of GenKey.<\/p>\n<p>\u201cThe ability to provide financing options to companies evaluating a GenKey fuel cell solution is a major step in making this a true turnkey solution for customers,\u201d said Andy Marsh, CEO at Plug Power. \u201cWe anticipate that bundling attractive financing terms with our GenKey offering will further expedite customer adoption of Plug Power\u2019s GenKey solution.\u201d<\/p>\n<p>For more information about financing options for GenKey orders, please contact the Plug Power sales team by emailing <a href=\"mailto:gendrive@plugpower.com\">gendrive@plugpower.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plug Power and M&amp;T Bank Offer Financing Packages For GenKey Hydrogen Fuel Cell Customers The ability to procure financing for Plug Power\u2019s material handling fuel cell customers is an important incentive and focal point within the company\u2019s growth strategy. Plug Power has recently secured an additional funding partner in M&amp;T Bank that enables financing packages ...<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[2],"tags":[],"yst_prominent_words":[339,346,271,344,343,336,341,218,210,333,217,340,335,337,208,348,167,180,274,338],"class_list":["post-803","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"aioseo_notices":[],"yoast_head":"\n<title>Blog: Plug Power and M&amp;T Bank Offer Financing Packages For GenKey Hydrogen Fuel Cell Customers - Plug Power<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.plugpower.com\/blog-plug-power-and-mt-bank-offer-financing-packages-for-genkey-hydrogen-fuel-cell-customers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blog: Plug Power and M&amp;T Bank Offer Financing Packages For GenKey Hydrogen Fuel Cell Customers - Plug Power\" \/>\n<meta property=\"og:description\" content=\"Plug Power and M&amp;T Bank Offer Financing Packages For GenKey Hydrogen Fuel Cell Customers The ability to procure financing for Plug Power\u2019s material handling fuel cell customers is an important incentive and focal point within the company\u2019s growth strategy. 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