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PowerTap Hydrogen Capital Corp (symbol: MOTNF) is a leading company in the hydrogen fuel industry, specializing in the production and distribution of clean energy solutions. With a focus on sustainability and innovation, PowerTap is committed to reducing carbon emissions and promoting a greener future. The company's cutting-edge technology and strategic partnerships position it as a key player in the transition to renewable energy sources. PowerTap's recent achievements include successful product launches, expansion into new markets, and strong financial performance. As a reliable and forward-thinking company, PowerTap Hydrogen Capital Corp continues to drive positive change in the energy sector.
PowerTap Hydrogen Capital Corp. (OTC: MOTNF) announced that Humboldt Transit Authority (HTA) will implement hydrogen fuel cell electric buses (FCEBs) in its fleet. PowerTap is in preliminary discussions with HTA to potentially supply hydrogen fuel, although no definitive agreements are in place. The company is exploring modifications to its planned refueling stations in Northern California to accommodate HTA's FCEBs. The transition aligns with California's emissions reduction goals, highlighting PowerTap's commitment to clean energy solutions. CEO Salim Rahemtulla expressed optimism about the company's role in supporting the growth of hydrogen fuel in transportation.
PowerTap Hydrogen Capital Corp. (OTC: MOTNF) has signed a letter of intent with Newport Realty Group to lease a site in Yermo, California for a new hydrogen fueling station. This initiative aims to support hydrogen fuel cell electric vehicles (FCEVs) and battery electric vehicles (BEVs), promoting clean energy solutions. The site will feature on-site hydrogen production and charging facilities, enhancing energy accessibility along Interstate 15. Scheduled for operation in late 2024, this project depends on necessary permits and approvals. PowerTap's Gen3 modular hydrogen production technology is expected to be operational by Q1 2024, furthering hydrogen infrastructure development.
PowerTap Hydrogen Capital Corp. (OTC: MOTNF) announced advancements in its MHPDU technology, partnering with T2M Global to enhance monitoring and automation capabilities for hydrogen fuel stations. The implementation of digital twins aims to improve operational efficiency and accelerate future developments. PowerTap's Gen3 technology claims to deliver lower carbon intensity hydrogen by utilizing renewable natural gas (RNG), as opposed to traditional methods relying on fossil fuels. Additionally, a sponsorship agreement with Steinbrenner Racing LLC will see PowerTap pay $2 million annually for promotional support through common shares.
PowerTap Hydrogen Capital Corp. (OTC: MOTNF) updated its progress on developing hydrogen fueling infrastructure for light-duty and heavy-duty vehicles. The company, alongside T2M Global, is finalizing supply chain validations for its Gen3 Modular Hydrogen Production and Dispensing Unit (MHPDU), aiming for 100% station uptime. New CEO Salim Rahemtulla emphasized the cost and environmental benefits of their onsite blue hydrogen technology, which may qualify for California's Low Carbon Fuel Standard (LCFS), potentially generating significant revenue. The company believes it can provide the lowest cost hydrogen in California, crucial for increasing FCEV adoption.
PowerTap Hydrogen Capital Corp. (OTC: MOTNF) has appointed Margarito Rodriguez as CFO, alongside Byron Berry and John Zorbas as new Board members. Rodriguez, a CPA, has over 13 years of experience and was the CFO of PowerTap's subsidiary. Berry, a leading technology analyst with 25 years of experience, and Zorbas, CEO of Captor Capital, bring valuable expertise. Additionally, CEO Raghu Kilambi remains on board, and Salim Rahemtulla has been appointed CEO of the USA subsidiary. The company has issued 22,750,000 restricted share units (RSUs) to eligible parties, with a vesting period linked to business objectives.
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