Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has increased its investment in PowerTap Hydrogen Fueling Corp., a company it had initially invested in on Oct. 27, 2020. Clean Power’s original investment in Power Tap was 90% equity interest; with its latest investment, that equity interest has increased to 94.5%. PowerTap is focused on expanding the nation’s cost-effective, hydrogen-fueling infrastructure in stages: engineering and design; ongoing development of PowerTap 3.0; and permitting and site preparation. PowerTap technology-based hydrogen fueling stations are already located in in California, Texas, Massachusetts and Maryland. In a second announcement, Clean Power announced that Power Tap had entered into a definitive agreement with the Andretti Group to install PowerTap’s innovative modular hydrogen production and dispensing units. The units will be installed in California this year, and the agreement outlines the deployment of more than 500 PowerTap modular hydrogen production and dispensing units in the United States by the end of 2025. “This exciting win-win relationship between PowerTap and the Andretti Group along with their industry partners will accelerate the deployment of our proprietary patented hydrogen production and dispensing technology, and provide a particularly compelling revenue share model with mutual benefit for all partners,” said PowerTap incoming president Salim Rahemtulla in the press release. “We are energized to be at the leading-edge of a renewable energy solution for the future during this period of accelerated energy transition.”
About Clean Power Capital Corp.
Clean Power is an investment company that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high-return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in its investments. For more information about the company, please visit www.CleanPower.Capital.
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