PowerTap Hydrogen Capital (NEO: MOVE) (FWB: 2K6B) (OTC: MOTNF) has released an update on its subsidiary PowerTap Hydrogen Fueling Corp. According to the update, PowerTap has been named an industry partner in the Alliance for Renewable Clean Hydrogen Energy Systems (“ARCHES”). ARCHES is a state public-private hydrogen (“H2”) hub consortium created by California to accelerate the development and deployment of clean, renewable H2 projects and infrastructure. The consortium hopes to receive a portion of the $8 billion grant money awarded by the US Department of Energy to as many as 10 regional H2 hubs to build self-sustaining H2 economies of producers, infrastructure and users. In partnership with the Governor’s Office of Business and Economic Development, ARCHES unites key public and private stakeholders that are working together to build the framework for a California renewable, clean H2 hub. One of 33 clean hydrogen hub concepts, ARCHES is working to submit a full H2 Hub application by April of this year. As part of the consortium, PowerTap will build and operate on-site hydrogen production stations for the full range of hydrogen transport fuel cell electric vehicles, specifically long-haul class 8 trucks. “PowerTap is extremely pleased to be partnering with ARCHES with a goal to deliver clean hydrogen production to current and future California hydrogen transport users. These clean energy projects are essential elements in the process of decarbonization of the transportation sector,” said PowerTap CEO Raghu Kilambi in the press release.
To view the full press release, visit https://ibn.fm/8wNwf
About PowerTap Hydrogen Capital Corp.
PowerTap Hydrogen, through its wholly owned subsidiary PowerTap Hydrogen Fueling Corp., is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation, blue-hydrogen product, which will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. Currently fewer than 100 operational, publicly available hydrogen stations exist in the United States, with most of those stations purchasing industrial hydrogen from industrial manufacturers and shipping hydrogen to individual stations via tanker trucks. For more information about the company, please visit www.CleanPower.Capital.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.investorwire.com
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
InvestorWire is part of the InvestorBrandNetwork.