Plug Power and Carreras Grupo Logístico are teaming up to develop the first hydrogen-powered logistics site in Spain, which will be located at Carreras Grupo Logístico's logistics center in Masquefa, Barcelona. The collaboration aims to introduce a complete green hydrogen ecosystem by replacing traditional lead-acid battery-powered forklifts with hydrogen fuel cells. This transition is expected to not only support decarbonization efforts but also improve operational efficiency and reduce costs for Carreras Grupo Logístico. The project at Masquefa will serve as a pilot to evaluate the benefits of Plug's hydrogen technology over traditional batteries. If successful, Plug plans to provide Carreras Grupo Logístico with a comprehensive green hydrogen ecosystem, including hydrogen fuel cells, a 1 MW electrolyzer, and a hydrogen refueling station. The CEO of Plug Power, Andy Marsh, expressed enthusiasm about this collaboration, emphasizing the groundbreaking nature of establishing Spain's first hydrogen-powered logistics site. The project aims to demonstrate the transformative potential of hydrogen-powered solutions in achieving both environmental sustainability and operational efficiency in the logistics sector. The success of this initiative could lead to the widespread implementation of hydrogen fuel cell technology across other logistics sites in Spain, presenting a significant opportunity for business transformation and sustainable practices in the industry.