Plug Power Inc., a global leader in hydrogen solutions, is partnering with Carreras Grupo Logístico to establish Spain's first hydrogen-powered logistics site in Masquefa, Barcelona. The project involves replacing traditional forklifts with hydrogen fuel cells to decarbonize and boost efficiency at Carreras Grupo Logístico's operations, enhancing energy efficiency and reducing operational costs. The initiative at Masquefa will serve as a testing ground to evaluate the advantages of hydrogen fuel cells over batteries, with plans to expand the technology to other sites in Spain. If successful, Plug will provide a comprehensive green hydrogen ecosystem to Carreras Grupo Logístico, including a 1 MW electrolyzer and a refueling station. Plug CEO Andy Marsh expressed enthusiasm about this milestone collaboration, emphasizing the positive impact of hydrogen-powered solutions on decarbonization and operational efficiency in the logistics sector. The benefits of hydrogen fuel cells include quick refueling, increased productivity, and reduced operational costs compared to lead-acid batteries. This move aligns with Carreras Grupo Logístico's commitment to reducing its carbon footprint. The global market for hydrogen fuel cell forklifts is on the rise, with notable companies like Amazon and Walmart already leveraging this technology for enhanced productivity and cost savings. Plug's extensive experience in deploying fuel cell systems and fueling stations positions them as a key player in driving the adoption of green hydrogen solutions. Through this initiative, Plug aims to propel the green hydrogen economy forward, offering end-to-end solutions for various industries. By deploying green hydrogen solutions and establishing a hydrogen highway across North America and Europe, Plug is contributing to the decarbonization of the economy and promoting sustainable energy practices.