Plug Power Collaborates with Carreras Grupo Logístico for Implementation of a Complete Green Hydrogen Ecosystem

Core Insights - Plug Power Inc. is collaborating with Carreras Grupo Logístico to establish the first hydrogen-powered logistics site in Spain, focusing on a complete green hydrogen ecosystem [1][2] - The project aims to replace lead-acid battery-powered forklifts with hydrogen fuel cells, enhancing decarbonization and operational efficiency [1][2] - Successful implementation could lead to scaling hydrogen fuel cell technology across Carreras Group's 46 warehouses [2] Company Overview - Plug Power is a leader in hydrogen solutions, having deployed over 69,000 fuel cell systems and more than 250 fueling stations globally [4] - The company is developing a green hydrogen highway across North America and Europe, with plans for multiple production plants by the end of 2028 [4] - Plug Power's technology is positioned to improve energy efficiency, productivity, and sustainability in various sectors, including material handling and industrial applications [4] Industry Context - The global market for hydrogen fuel cell forklifts is expanding, with major companies like Amazon and Walmart adopting this technology for improved productivity and cost savings [3] - Hydrogen fuel cells offer significant advantages over traditional lead-acid batteries, including faster refueling times and reduced operational costs [2]