Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, has announced that PowerTap Hydrogen Fueling has executed a definitive agreement with Humboldt Petroleum Inc., Peninsula Petroleum LLC and Colvin Oil I LLC (dba GP Energy); the three companies collectively are known as the Andretti Group. The agreement outlines the installation of PowerTap’s 1,250-kilogram hydrogen production and dispensing fueling stations in California beginning this year. With more than 11,000 of the nation’s estimated 111,000 conventional petrol gas stations located in California, the state represents a key market for PowerTap. The Andretti Group owns more than 100 facilities in the United States with 39 in California alone. As part of the agreement, the Andretti Group has agreed to introduce and distribute PowerTap to its significant network of major oil companies, chain retailers, cardlock operators and independent fueling stations. The Andretti Group will also provide tactical and strategic planning, network development, real estate support, project management, account management, and various other run-and-maintain services to PowerTap. “We are delighted to partner with the incredible team at the Andretti Group to bring our innovative and cost-effective hydrogen fuel technology to their gas stations locations, starting in California,” said PowerTap CEO Raghu Kilambi in the press release. “We are also confident that the Andretti Group will be a strong exclusive distribution partner as we build out our 500+ station network across the USA. We are honored to partner with the legendary auto racing father and son duo of Mario and Michael Andretti along with their talented team.”
To view the full press release, visit https://ibn.fm/hyITb
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.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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