NetworkNewsBreaks – Clean Power Capital Corp. (C
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Posted On: 03/04/2021 3:28:15 PM
NetworkNewsBreaks – Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) Joins Investee in Support of City’s Ban of New Gas Stations
Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, and its investee company PowerTap Hydrogen Fueling Corp. have announced their support for a recent announcement made by the city of Petaluma, California. The city has banned new gas stations in a move designed to encourage the deployment of hydrogen fueling and battery electric charging stations, a move that Clean Power Capital and PowerTap applaud. The city ban is in accordance with California’s previously announced directive that all new vehicles in the state be emission free by 2035. “The recent announcements by Petaluma, California, and the State of California are consistent with our thesis that to support hydrogen vehicles (cars and long trucks) that will be hitting the road in the coming few years, significantly more hydrogen fueling stations will be needed (over the current available — 44 in California) in California and the rest of the USA,” said PowerTap CEO Raghu Kilambi in the press release. “Our PowerTap onsite hydrogen production technology is currently being used for private hydrogen stations in the USA and a public station near LAX, and we look forward to installing our new PowerTap 3 to be deployed at existing gas stations starting in the second half of 2021. Our business plan is to install 500+ stations across the USA in the next five years.”
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 Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, and its investee company PowerTap Hydrogen Fueling Corp. have announced their support for a recent announcement made by the city of Petaluma, California. The city has banned new gas stations in a move designed to encourage the deployment of hydrogen fueling and battery electric charging stations, a move that Clean Power Capital and PowerTap applaud. The city ban is in accordance with California’s previously announced directive that all new vehicles in the state be emission free by 2035. “The recent announcements by Petaluma, California, and the State of California are consistent with our thesis that to support hydrogen vehicles (cars and long trucks) that will be hitting the road in the coming few years, significantly more hydrogen fueling stations will be needed (over the current available — 44 in California) in California and the rest of the USA,” said PowerTap CEO Raghu Kilambi in the press release. “Our PowerTap onsite hydrogen production technology is currently being used for private hydrogen stations in the USA and a public station near LAX, and we look forward to installing our new PowerTap 3 to be deployed at existing gas stations starting in the second half of 2021. Our business plan is to install 500+ stations across the USA in the next five years.”
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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