Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has announced that one of its investee companies, PowerTap Hydrogen Fueling Corp., has partnered with Carbonomics to obtain Low Carbon Fuel Standard (“LCFS”) certification of certain hydrogen fueling stations in California, a global leader in establishing and maintaining a robust emissions credits market. A leader in helping clean-tech companies, Carbonomics will also assist Power Tap in evaluating additional environmental trading markets, including the voluntary carbon offset market and the US federal Renewable Fuel Standard (“RFS”). These efforts are designed for PowerTap to maximize the potential of emission reduction credits in the United States as well as in international markets. Specifically, the announcement noted that Carbonomics would be involved in directing the process as PowerTap maneuvers through the certification and verification process to independently validate the company’s claims and meet all regulatory requirements, particularly in California. Carbonomics touts a proven track record in developing a method of effectively quantifying greenhouse gas emission reductions and credit registration and managing the process of monetizing carbon credits. In the announcement, Carbonomics noted that it was excited to partner with PowerTap in building up the market for hydrogen vehicles in pursuit of the hydrogen highway. “Carbon credits are a key part of every clean energy company’s strategy, and we are pleased to partner with Carbonomics to leverage their expertise and experience to maximize carbon credit revenues,” said Power Tap CEO Raghu Kilambi in the press release. “Leading clean-energy companies like Tesla have used emission-reduction credit revenues to accelerate their growth and cash flow.”
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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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