Clean Power Capital (NEO: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has released an update on plans for PowerTap, its wholly owned subsidiary. The announcement noted that PowerTap is establishing a distributed hydrogen program focused on addressing supply chain risk in the delivery of hydrogen to consumer and commercial transportation users. The program also lowers the carbon intensity of the hydrogen that is produced. Currently, the model for dispensing hydrogen for vehicles at most stations is the Compress, Store, Dispense (“CSD”) approach. That model entails producing what is called grey hydrogen in a central plant; the hydrogen is then shipped to the station, where it is compressed, stored and prepared for dispensing to vehicles. This approach has several inherent challenges, which PowerTap’s innovative hydrogen delivery process solves. PowerTap has created a revolutionary, patented 1,250-kg modular onsite hydrogen production and dispensing unit called the PowerTap Gen3. The Gen3 eliminates disruptions of hydrogen supply to the consumer and provides more affordable hydrogen by eliminating the cost of shipping; the process also lowers the carbon intensity (“CI”) of the produced hydrogen and improves safety by eliminating the transport of high-pressure gas via commercial carriers. “We look forward to PowerTap’s onsite production and dispensing technology revolutionizing hydrogen delivery to hydrogen fuel cell vehicle consumers by eliminating hydrogen supply shocks with our unique hydrogen distribution solution,” said PowerTap chief operating officer Kelley Owen in the press release.
To view the full press release, visit https://ibn.fm/1eD5t
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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