NetworkNewsBreaks – Clean Power Capital Corp. (C
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Posted On: 12/15/2020 4:13:05 PM
NetworkNewsBreaks – Clean Power Capital Corp. (CSE: MOVE) (OTC: MOTNF) (FWB: 2K6A) Announces PowerTap’s Participation in California’s LCFS Carbon Credit Program
Clean Power (CSE: MOVE) (OTC: MOTNF) (FWB: 2K6A) today announced that its investment, PowerTap, plans to participate in the California Low Carbon Fuel Standard (“LCFS”) Carbon Credit program. California’s LCFS may be one of most unique carbon emission credit trading programs, reflecting the state’s commitment to greenhouse gas reductions. The program provides PowerTap an opportunity to generate revenue even before dispensing any hydrogen from its fueling stations by allowing the sale of its earned LCFS credits on an on-going basis on the emission trading markets. “California carbon credits are an important incentive that will greatly assist PowerTap in its hydrogen fueling station rollout plan by generating attractive revenues for PowerTap even before hydrogen is dispensed and sold,” said Raghu Kilambi, CEO of PowerTap. “Revenue from the sale of these credits is expected to be generated once PowerTap completes the rollout of its hydrogen fueling stations in California. Major clean technology companies have depended on carbon credits for years to augment cash flow and allow them to aggressively grow.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Clean Power (CSE: MOVE) (OTC: MOTNF) (FWB: 2K6A) today announced that its investment, PowerTap, plans to participate in the California Low Carbon Fuel Standard (“LCFS”) Carbon Credit program. California’s LCFS may be one of most unique carbon emission credit trading programs, reflecting the state’s commitment to greenhouse gas reductions. The program provides PowerTap an opportunity to generate revenue even before dispensing any hydrogen from its fueling stations by allowing the sale of its earned LCFS credits on an on-going basis on the emission trading markets. “California carbon credits are an important incentive that will greatly assist PowerTap in its hydrogen fueling station rollout plan by generating attractive revenues for PowerTap even before hydrogen is dispensed and sold,” said Raghu Kilambi, CEO of PowerTap. “Revenue from the sale of these credits is expected to be generated once PowerTap completes the rollout of its hydrogen fueling stations in California. Major clean technology companies have depended on carbon credits for years to augment cash flow and allow them to aggressively grow.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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