Latham fuel cell manufacturer Plug Power has created a new financing arm called Plug Power Capital that will help customers finance their orders with the company for fuel cells and hydrogen.
Plug Power focuses mainly on the fork lift market and 80 percent of its customers lease its fuel cells.
The new financing arm, which will work with commercial banks to get customers credit, is expected to help the company jump from $100 million in expected revenue in 2015 to $150 million in 2016.