Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) Subsidiary to Deploy Hydrogen Fueling Infrastructure
Dec 10th, 2020
Lithium demand has soared with the advent of electric vehicles, as severe supply shortages pose a serious threat to the long-term sustainability of the Battery Electric Vehicle (“BEV”) transportation sector. However, another viable option for cleaner, cheaper and more sustainable transportation exists. Instead of battery-powered electric cars, vehicles powered with hydrogen, the most abundant resource in the universe, may be the key to truly disrupting the auto industry. The world is rapidly shifting away from the dwindling resource of fossil fuels, and hydrogen is expected to play a crucial role in slashing emissions and finally achieving sustainability. Hydrogen-powered electric vehicles are already commercially available with a multitude of cars, trucks and buses planned and in production. This tsunami of hydrogen-powered vehicles could turn the tide on dangerous emissions and usher in a new era of transportation — if they can be fueled. While there’s an abundance of hydrogen in the universe, there is a massive lack of hydrogen fueling stations, with less than 70 stations spread throughout the United States. The lack of hydrogen fueling stations is the primary impediment to rapid adaptation and presents an enormous opportunity. Recent developments at Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) (Profile) could rectify this shortfall and may create a powerful force in facilitating the rollout of hydrogen vehicles across the nation. Clean Power Capital is an investment holding company that recently acquired a 90% equity stake in PowerTap Hydrogen Fueling Corp., a patented on-site hydrogen fueling intellectual property and technology that already has 14 installations around the country in private and public facilities. Plug Power Inc. (NASDAQ: PLUG) is credited for creating the first commercially market for hydrogen fuel cell technology and is building the hydrogen economy as a leading provider of comprehensive hydrogen fuel cell turnkey solutions and recently raised $1 billion for hydrogen investments. Ballard Power Systems Inc. (NASDAQ: BLDP) intends to deliver fuel cell power for a sustainable planet with its zero-emission PEM fuel cells that are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks. Nikola Corporation (NASDAQ: NKLA) designs and will manufacture zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure. Hydrogen power goes beyond just transportation. FuelCell Energy Inc. (NASDAQ: FCEL) develops turnkey distributed power generation solutions, and operates and provides comprehensive services for the life of power plants for utilities and industry.