PowerTap Hydrogen Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, is reporting on its efforts to obtain zoning approvals and move forward on plans for its initial Gen3 modular blue hydrogen production and dispensing units in Northern California. The update includes information on the company’s focus on development and final engineering of the stations as well as the supply of renewable natural gas needed for the newly developed Gen3 units. Although the company has encountered some delays related to the pandemic, it reports that progress is being made on zoning approval for the first Andretti station, which is incorporating a PowerTap Gen3 modular blue hydrogen production and dispensing unit (“MHPDU”); that station is located in Fortuna, California. Once zoning approval is obtained, the company expects to obtain construction and installation permits later this year before starting construction on the project. PowerTap is working with T2M Global to complete final engineering. PowerTap also noted that it has established a nonbinding letter of intent with a renewable natural gas (“RNG”) vendor to provide the needed RNG through 2027 at competitive pricing. “We continue to make progress in our goal to build the PowerTap hydrogen highway,” said PowerTap CEO Raghu Kilambi in the press release.
To view the full press release, visit https://ibn.fm/LM7C7
About PowerTap Hydrogen Capital Corp.
PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), is focused on installing hydrogen production and fuel dispensing 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 that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. There are currently under 100 operational publicly available hydrogen stations in the United States with most of the existing 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.PowerTapCapital.com.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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