- Clean Power Capital Corp.’s investee company PowerTap Hydrogen Fueling to employ its patented hydrogen production technology in several commercial markets
- PowerTap utilizes data analytics to control PowerTap’s system performance
- PowerTap aims at installing 500 hydrogen filling stations in the USA alone within the next 3-5 years
Clean Power Capital (NEO: MOVE) (FWB: 2K6A) (OTC: MOTNF) is an investment holding company that focuses on investor and finance opportunities across renewable energy, bio-medical, pharmaceutical, and naturopathic sectors. The company’s investments are geared towards short-term gains, income generation, or long-term capital appreciation, with the main objective to generate maximum returns from its investments.
PowerTap Hydrogen Fueling Corp., an Investee Company Of Clean Power Capital, holds a unique and patented hydrogen production technology (PowerTap). PowerTap is focused on building affordable hydrogen fueling infrastructure through its eco-sustainable and expandable product design for the modularized and onsite hydrogen production facility and launch plan.
A previous generation of PowerTap technology is already operational (not owned by PowerTap Hydrogen Fueling Corp.) across several hydrogen fueling stations in the public and private enterprises of California, Massachusetts, Maryland, and Texas. With this business model, Powertap Hydrogen Fueling aims to operate up to 500 hydrogen filling stations in the USA alone within the next 3-5 years. As per the company’s latest announcement, the PowerTap’s 3rd generation units will be utilized towards several commercial markets.
As a part of its progressive expansion plans, PowerTap has started initial discussions with various cities, states/provinces about partnerships with new verticals such as commercial buses and trains. The company’s 3rd generation onsite hydrogen production module will be made available to hydrogen fuel cell cars and trucks and provide blue hydrogen for trains and buses.
The expanding hydrogen public bus fleet is another vertical that could leverage PowerTap’s blue hydrogen production and dispensing technology. Pioneers in operating a hydrogen fuel-cell electric bus2, the Orange County, California Transit Authority (“OCTA”) is a public transportation agency in Southern California. During the model program, OCTA operated the first hydrogen bus in a similar way to the other OCTA buses in the fleet. According to the California Fuel Cell Partnership, fuel cell buses are environmentally-sustainable with lesser noise, no local emissions, and a substantial reduction in greenhouse gas emissions (https://ibn.fm/T7KIE).
As a further step-up to the potential of PowerTap’s 3rd generation units, these modules will use advanced operating software with data analytics to control every aspect of PowerTap’s system performance. Kelley Owen, PowerTap’s Chief Operating Officer stated that the advancements of the PowerTap 3rd generation hydrogen production fueling stations will maximize the company’s first-mover advantage.
PowerTap employs advanced operating software to collect and feed data to the cloud where a data analytics application will deploy advanced algorithms to monitor performance characteristics. This will result in the substantial reduction of extending the longevity of the 3rd generation units while reducing the overall cost of onsite hydrogen production (https://ibn.fm/TFlTU).
For more information, visit the company’s website at www.CleanPower.Capital.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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