Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, and its investee company PowerTap Hydrogen Fueling Corp. have announced their support for a recent announcement made by the city of Petaluma, California. The city has banned new gas stations in a move designed to encourage the deployment of hydrogen fueling and battery electric charging stations, a move that Clean Power Capital and PowerTap applaud. The city ban is in accordance with California’s previously announced directive that all new vehicles in the state be emission free by 2035. “The recent announcements by Petaluma, California, and the State of California are consistent with our thesis that to support hydrogen vehicles (cars and long trucks) that will be hitting the road in the coming few years, significantly more hydrogen fueling stations will be needed (over the current available — 44 in California) in California and the rest of the USA,” said PowerTap CEO Raghu Kilambi in the press release. “Our PowerTap onsite hydrogen production technology is currently being used for private hydrogen stations in the USA and a public station near LAX, and we look forward to installing our new PowerTap 3 to be deployed at existing gas stations starting in the second half of 2021. Our business plan is to install 500+ stations across the USA in the next five years.”
To view the full press release, visit https://ibn.fm/q2SsV
About Clean Power Capital Corp.
Clean Power is an investment company that specializes in investing in 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, Clean Power’s investment mandate is focused on high-return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and seeking liquidity in its investments. For more information about the company, please visit www.CleanPower.Capital.
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