Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has provided an update on its plans for PowerTap, the company’s wholly owned subsidiary, to participate in the California Low Carbon Fuel Standard (“LCFS”) Carbon Credit program. The program offers PowerTap an opportunity to derive revenue prior to dispensing hydrogen fuel from its units; the revenue will be generated through the sale of earned LCFS credits on the emission trading markets. In order to be eligible to earn LCFS credits, PowerTap will install its fueling units and make them accessible to the public. A third-party analysis of the value of potential LCFS credits that PowerTap may earn notes that, by using renewable natural gas (“RNG”) feedstock, the company could generate California LCFS credits of $5.60 per kg per day of hydrogen capacity. Translated , that means that a 1,200 kg capacity hydrogen station has the potential to produce in excess of $2 million of annual gross LCFS carbon credit revenues per each 1,200 kg hydrogen station installed and available to the public. “LCFS carbon credits have the potential to generate more attractive pre-hydrogen sales carbon credit revenues for PowerTap than previously estimated to provide PowerTap the clear incentive to quickly build out the hydrogen refueling infrastructure prior to more hydrogen vehicles being launched by auto and truck OEMs,” said PowerTap president Salim Rahemtulla in the press release.
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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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