New forklift uses lift motors to regen power while lowering

https://www.youtube.com/watch?v=xA5z9m7jzP8

At 3:30 in the video, they say the motos can generate power to charge the battery. I would assume this mean lowering the lift. That's so cool! Would this be the first of it's kind?

This gets me excited about electric vehicles. There's so much innovation yet to happen. Lots of machinery. Postal and delivery vehicles..