REPEAT - Clean Power Capital Corp. PowerTap’s 3rd Generation Unit Has Increased Efficiency and Reduced Operating Costs Using Data Analytics
Clean Power Capital Corp. (OTC: MOTNF) announces advancements from its investee PowerTap Hydrogen Fueling Corp. regarding its 3rd generation hydrogen production module. This technology leverages advanced software for data analytics, significantly enhancing performance metrics like fuel dispensing rate and efficiency, which will lower operational costs and improve system longevity. PowerTap's efforts are aimed at expanding its hydrogen fueling infrastructure in key U.S. locations, positioning it favorably in the hydrogen market.
- PowerTap's 3rd generation technology aims to reduce operating costs and enhance system life.
- Data analytics integration promises improved performance monitoring and operational efficiencies.
- Expansion of hydrogen fueling infrastructure in states such as California, Texas, Massachusetts, and Maryland.
- Reliance on the development and market adoption of hydrogen-powered vehicles presents potential risks.
- The company’s future performance is uncertain, contingent on external factors like funding and legislation.
VANCOUVER, British Columbia and Newport Beach, Calif., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC: MOTNF) (“Clean Power” or the “Company” or "MOVE"). The Company is pleased to provide additional information about the technology being developed by PowerTap Hydrogen Fueling Corp. (“PowerTap”), an investee company of Clean Power. PowerTap’s 3rd generation onsite hydrogen production module unit utilizes advanced operating software with data analytics to control every aspect of PowerTap’s system performance.
PowerTap will send the data it collects via this advanced operating software to the cloud where a data analytics application will deploy advance algorithms to identify critical point indicators to monitor performance characteristics including system run, fuel dispensing rate and storage efficiency. The resultant technology will have the effect of reducing operating costs, extending the life of the system, and reducing the overall cost of onsite hydrogen production.
Kelley Owen, PowerTap’s Chief Operating Officer noted that, “PowerTap Gen 3 continues to innovate through advancements in the design and operation of modular onsite hydrogen production fueling stations of the future maximizing our first mover advantage.”
About PowerTap
The Company invested in PowerTap on October 27, 2020 (see the Company’s news release on October 28, 2020). PowerTap is leading the charge to build out cost-effective hydrogen fueling infrastructure through its environmentally friendly intellectual property, product design for the modularized and lowest tier production cost of hydrogen, and launch plan. PowerTap technology-based hydrogen fueling stations are located in private enterprises and public stations (near LAX airport) in California, Texas, Massachusetts, and Maryland. Additional information about PowerTap and the Hydrogen Industry may be found at its website at http://www.powertapfuels.com
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 our investments. A copy of Clean Power’s amended and restated investment policy may be found under the Company’s profile at www.sedar.com.
Learn more about Clean Power by visiting our website at: https://cleanpower.capital/
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
PowerTap Contact
Raghu Kilambi
raghu@hydrogenfueling.co
PR Contact
Vito Palmeri
AMW PR
c: 347.471.4488 | o: 212.542.3146
vito@amwpr.com
Clean Power Contact
Joel Dumaresq info@cleanpower.capital
+1 (604) 687-2038
Notice Regarding Forward Looking Information:
This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Clean Power. Some assumptions include, without limitation, the development of hydrogen powered vehicles by vehicle makers, the adoption of hydrogen powered vehicles by the market, legislation and regulations favoring the use of hydrogen as an alternative energy source, the Company’s ability to build out its planned hydrogen fueling station network, and the Company’s ability to raise sufficient funds to fund its business plan. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur or be achieved. This press release contains forward-looking statements pertaining to, among other things, the timing and ability of the Company to complete any potential investments or acquisitions, if at all, and the timing thereof. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release.
Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.
The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
FAQ
What advancements has Clean Power Capital Corp. announced regarding PowerTap Hydrogen Fueling Corp.?
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