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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 entered into a strategic manufacturing and licensing agreement with Capstone Green Energy for the production of its 3rd generation hydrogen production and dispensing station. This modular system aims to address the hydrogen infrastructure gap, utilizing a patented compact SMR technology for onsite hydrogen generation. With municipal applications for hydrogen stations underway in California, PowerTap is set to benefit from federal incentives for hydrogen infrastructure and participation in California’s Carbon Credit program.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) has signed a strategic manufacturing and licensing agreement with Capstone Green Energy for the production of its third-generation hydrogen production unit. This modular system will facilitate the onsite generation and dispensing of blue hydrogen, addressing the current hydrogen infrastructure deficit. With initial municipal applications for hydrogen stations underway in Northern California and advantages from the recent U.S. infrastructure bill, PowerTap aims to enhance its market position while participating in California's Low Carbon Fuel Standard carbon credit program.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) announced the appointment of Mr. Pinakin Patel to its Advisory Board. Mr. Patel is the CEO of Advanced Electrolyzer Systems, a 49%-owned subsidiary, and brings over 40 years of experience in the hydrogen industry. He has a vast R&D portfolio exceeding $600 million and numerous patents. His prior work includes leading a successful public-private partnership to develop a tri-generation technology for hydrogen production. This appointment aims to enhance the commercialization of hydrogen technologies at PowerTap.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) has appointed Mr. Pinakin Patel to its Advisory Board. Mr. Patel, with over 40 years in the hydrogen and fuel cell industry, brings substantial experience from his role at Advanced Electrolyzer Systems, a 49% owned subsidiary. His expertise includes a $600 million R&D portfolio and significant involvement in public-private hydrogen projects. PowerTap aims to enhance its hydrogen production and dispensing infrastructure, targeting the automotive and trucking sectors amid a lack of existing stations in the U.S.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) announced its exclusive distributor, Viridian Hydrogen UAE, will introduce the PowerTap Gen3 hydrogen production and dispensing system at Expo 2020. The UAE aims to be a leader in sustainability, showcasing hydrogen technology to an expected 25 million visitors. In addition, Viridian has established a Hydrogen Advisory Council to support the transition to sustainable energy, with notable civil engineer Ismail Al Zarooni joining to enhance the UAE's hydrogen ecosystem.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) announced that its Middle East distributor, Viridian Hydrogen UAE, will showcase the PowerTap Gen3 hydrogen production and dispensing system at Expo 2020. The event aims to highlight innovations in sustainability, expecting 25 million visitors. CEO Raghu Kilambi emphasized the UAE's commitment to sustainability, while Viridian established a Hydrogen Advisory Council to enhance the region's hydrogen capabilities. Key member Ismail Al Zarooni brings extensive experience in renewable energy projects, further solidifying the UAE's leadership in the hydrogen ecosystem.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) announced on October 5, 2021, a strategic process to enhance shareholder value, including potential investments and mergers. CEO Raghu Kilambi highlighted inquiries from global partners and SPACs, prompting the decision for a formal review. The company aims for NASDAQ uplisting and appointed Jefferies LLC and Canaccord Genuity Corp as financial advisors. Additionally, PowerTap will issue 2,100,000 shares at $0.73 each related to a sponsorship agreement. No transaction guarantees are provided, and updates will follow as warranted.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) has announced plans to explore strategic options aimed at maximizing shareholder value. The company will consider investments, joint ventures, mergers, and plans to take its hydrogen fueling subsidiary public via merger with a SPAC. CEO Raghu Kilambi highlighted the potential in the hydrogen industry and the company's patented technology. PowerTap has retained advisors Jefferies LLC and Canaccord Genuity for this process. The company is also working towards a NASDAQ uplisting and has amended its sponsorship fee agreement involving its Indy Lights entry.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) has submitted a municipal siting application for its first hydrogen production and dispensing unit in Northern California. The PowerTap Gen3 Unit aims to be installed at three gas stations, with an anticipated installation timeline starting in late 2022. The company plans to submit applications for two more sites by early October 2021. PowerTap focuses on developing hydrogen fueling infrastructure in the U.S., addressing the growing market for hydrogen-powered vehicles, which currently see limited refueling options.
PowerTap Hydrogen Capital Corp (OTC: MOTNF) announced that its subsidiary, PowerTap Hydrogen Fueling Corp., has submitted a municipal siting application for its first hydrogen production site in Northern California. The site will feature the PowerTap Gen3 Unit at three existing gas stations. The company plans to submit two additional applications by early October 2021. Construction approval is expected to take about 14 months, with installation anticipated by late 2022, focusing on the growing hydrogen fueling infrastructure market.
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