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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) has announced its active participation in the California Hydrogen Leadership Summit (CHLS) held in early June 2022. The summit attracted over 550 participants from key hydrogen sectors, emphasizing the importance of collaboration in accelerating hydrogen production and infrastructure. PowerTap aims to commercialize its third-generation blue hydrogen product, addressing the refueling needs of automotive and long-haul trucking markets. Currently, there are fewer than 100 operational hydrogen stations in the U.S., highlighting significant growth potential in the hydrogen sector.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) updated its efforts in California following the recent California Hydrogen Leadership Summit. The summit attracted over 550 attendees, including key industry representatives and policymakers, aiming to explore hydrogen production and regulatory incentives. PowerTap's President, Salim Rahemtulla, moderated a panel discussing collaboration within the hydrogen sector. PowerTap focuses on installing hydrogen fueling infrastructure across the U.S. and is commercializing its third-generation blue hydrogen product to meet growing market needs.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) has announced progress on its zoning application for the first hydrogen fueling station in Fortuna, California. The City of Fortuna's Planning Commission unanimously approved the site design, which includes a PowerTap Gen3 hydrogen production unit. The approval allows PowerTap to proceed with permit applications, expected to be completed by Q3/Q4 2022. CEO Salim Rahemtulla expressed enthusiasm for accelerating the deployment of their hydrogen units, aiming to enhance hydrogen fueling infrastructure in the U.S.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) has received approval from Fortuna’s Planning Commission for the site design of its first hydrogen fueling station in Humboldt County, California. The unanimous 6-0 vote confirms the design is compatible with local zoning codes and community guidelines. This approval sets the stage for PowerTap to apply for construction permits, expected to be processed by Q3/Q4 2022. CEO Salim Rahemtulla expressed optimism about accelerating the rollout of their Gen3 hydrogen units as the company ventures into enhancing hydrogen fueling infrastructure across the U.S.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) has provided an update regarding zoning applications for its initial hydrogen stations in Northern California. The Fortuna station's public hearing is set for May 2022, with anticipated construction approvals in Q3/Q4 2022. PowerTap is finalizing its Gen3 modular blue hydrogen production unit with T2M Global for manufacturing. Additionally, a non-binding letter of intent with an RNG vendor has been established for supply until 2027, facilitating the production of hydrogen while maximizing carbon credits under California's LCFS program.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) announced progress in zoning applications for its Gen3 modular blue hydrogen production unit in Fortuna, California, with a public hearing slated for May 2022. The company has partnered with T2M Global for final engineering and is set to work with Capstone Green Energy for manufacturing. PowerTap secured a non-binding letter of intent for renewable natural gas supply through 2027, aiming for a carbon intensity of zero. This positions the company to benefit from California's Low-Carbon Fuel Standard program.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) announced the formation of an advisory board for its subsidiary, Progressus Clean Technologies, aimed at accelerating hydrogen technology commercialization.
Renowned hydrogen expert Pinakin Patel will chair the board, leveraging his 40 years of experience and extensive network to drive development milestones. Patel has previously raised over $500 million for advanced technology projects and will help guide product launches and market penetration for Progressus.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) announced the formation of an advisory board for its 49%-owned subsidiary, Progressus Clean Technologies. Pinakin Patel, a renowned expert in hydrogen technology with over 40 years of experience, has been appointed as the chairman. His extensive background, including raising over $500 million in funding for advanced technology, is expected to accelerate the development and commercialization of Progressus's hydrogen products. This initiative aims to ensure that the company meets its technological milestones efficiently.
AES-100 Inc., a clean hydrogen technology company and 49%-owned subsidiary of PowerTap Hydrogen Capital (OTC: MOTNF), has achieved a significant milestone by receiving two production cells essential for its home power unit. This technology aims to produce green hydrogen and electricity efficiently for residential use, addressing a critical market need in California and globally. With forecasts predicting green hydrogen sales could exceed $700 billion by 2050, AES-100's innovative solutions position it favorably in the transitioning energy landscape.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) announced significant progress with its subsidiary, AES-100 Inc., focusing on green hydrogen production. AES-100 has received two critical production cells enabling further testing of its home power unit, which aims to utilize green hydrogen efficiently. With over 14 million homes in California alone as potential customers, the demand for cleaner energy solutions is substantial. The global shift towards hydrogen technologies, with an estimated market exceeding $700 billion by 2050, positions AES-100 favorably in the growing clean energy market.
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