Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) Subsidiary Establishing Hydrogen Fueling Station Network to Meet Imminent Demand [Video Edition]
Apr 1st, 2021
Cars and trucks powered by hydrogen, the most abundant resource in the universe, are on the road now with more planned and in production. Hydrogen power may well be the solution to truly weaning from fossil fuels, turning the tide on CO2 emissions and ushering in a new era of emission-free transportation — but only if vehicles running on the power can find fuel. Even with major automakers rolling out new hydrogen vehicles and a wealth of hydrogen in the universe, there’s a serious shortage of hydrogen fueling stations. With less than 100 public hydrogen stations in the USA, hydrogen fueling stations are the missing infrastructure critical to propel and sustain hydrogen vehicle growth. Using patented next-generation technology, Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) (Profile) intends to rectify the paucity of hydrogen fueling stations and become a powerful factor as ever more hydrogen vehicles take to the road. Clean Power Capital owns 94.5% of PowerTap Hydrogen Fueling Corp., which builds, installs and supports low-cost, onsite hydrogen fueling and dispensing units. PowerTap’s 2nd Generation technology has 14 installations already in place in the USA (which are not owned by PowerTap Hydrogen Fueling Corp.). The company inked a deal in January with the Andretti Group to install PowerTap’s 3rd Generation modular hydrogen fueling stations starting in California this year. This is just one of many partnerships planned with major fueling networks to install hydrogen fuel technology at existing locations across the nation, and the rollout can’t come too soon. Toyota Motor Corporation (NYSE: TM) recently revealed it has developed and plans on selling a product this year that packages a fuel cell system into a compact module. Integrating the main components of a fuel cell makes it easily adaptable for rapid development and manufacture of a variety fuel cell products. Credited for creating the first commercially market for hydrogen fuel cell technology, Plug Power Inc. (NASDAQ: PLUG) is building the hydrogen economy as a leading provider of comprehensive hydrogen fuel-cell turnkey solutions. ITM Power Plc (OTC: ITMPF) manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat, and chemicals. And Nel ASA (OTC: NLLSF) is a global hydrogen company dedicated to delivering optimal solutions to produce, store and distribute hydrogen from renewable energy.