NetworkNewsWire
Editorial Coverage: Lithium demand has soared with the advent
of electric vehicles, as severe supply
shortages pose a serious threat to the long-term sustainability
of the Battery Electric Vehicle (“BEV”) transportation sector.
However, another viable option for cleaner, cheaper and more
sustainable transportation exists. Instead of battery-powered
electric cars, vehicles powered with hydrogen, the most abundant
resource in the universe, may be the key to truly disrupting the
auto industry. The world is rapidly shifting away from the
dwindling resource of fossil fuels, and hydrogen is expected to
play a crucial role in slashing emissions and finally achieving
sustainability. Hydrogen-powered electric vehicles are already
commercially available with a multitude of cars, trucks and
buses planned and in production. This tsunami of
hydrogen-powered vehicles could turn the tide on dangerous
emissions and usher in a new era of transportation — if they can be
fueled. While there’s an abundance of hydrogen in the universe,
there is a massive lack of hydrogen fueling stations, with less
than 70 stations spread throughout the United States. The lack of
hydrogen fueling stations is the primary impediment to rapid
adaptation and presents an enormous opportunity. Recent
developments at Clean Power Capital Corp. (CSE: MOVE) (FWB:
2K6A) (OTC: MOTNF) (Profile) could rectify this shortfall and may
create a powerful force in facilitating the rollout of hydrogen
vehicles across the nation. Clean Power Capital is an investment
holding company that recently acquired a 90% equity stake in
PowerTap Hydrogen Fueling Corp., a patented on-site hydrogen
fueling intellectual property and technology that already has 14
installations around the country in private and public facilities.
Plug
Power Inc. (NASDAQ: PLUG) is credited for creating the
first commercially market for hydrogen fuel cell technology and is
building the hydrogen economy as a leading provider of
comprehensive hydrogen fuel cell turnkey solutions and recently
raised $1 billion for hydrogen investments. Ballard
Power Systems Inc. (NASDAQ: BLDP) intends to deliver
fuel cell power for a sustainable planet with its zero-emission PEM
fuel cells that are enabling electrification of mobility, including
buses, commercial trucks, trains, marine vessels, passenger cars
and forklift trucks. Nikola
Corporation (NASDAQ: NKLA) designs and will
manufacture zero-emission battery-electric and hydrogen-electric
vehicles, electric vehicle drivetrains, vehicle components, energy
storage systems, and hydrogen station infrastructure. Hydrogen
power goes beyond just transportation. FuelCell
Energy Inc. (NASDAQ: FCEL) develops turnkey
distributed power generation solutions, and operates and provides
comprehensive services for the life of power plants for utilities
and industry.
- BEVs not nearly as sustainable as touted.
- The shift to clean, safe, abundant and sustainable hydrogen
power underway.
- A myriad of new hydrogen vehicles are coming.
- Hydrogen fueling stations may offer enormous upside.
Click here to view
the custom infographic of the Clean Power Capital
Corp. editorial.
The Future Is Now
One need look no further than Saudi Arabia, the oil giant of the
world, to recognize that hydrogen power is imminent. While still
pumping oil, Saudi Arabia is also investing heavily in green
hydrogen production projects. The Saudis are developing a green hydrogen
production plant capable of producing 650 tons of green
hydrogen fuel every day, enough to run around 20,000
hydrogen-fueled buses. The project is described as the largest
green hydrogen energy project in the world as Saudi Arabia intends
to continue its energy sector dominance — whether the fuel is oil
or hydrogen.
The abundance of hydrogen and the relative simplicity of use are
propelling the transition to hydrogen-powered vehicles and a
healthier sustainable planet. When hydrogen and air are pushed into
opposite sides of a fuel cell, the two chemically react to produce
electricity, water vapor and small amounts of heat. Electricity
flows from the fuel cell to power a vehicle’s electric motor. An
added bonus? No toxic fumes escape from the car’s tailpipe, only a
trickle of water.
From a Trickle to a Flow
A recent “Wall Street Journal” article titled “Betting on
Hydrogen” reported that hydrogen currently supplies less than
5% of the world’s energy but could reach nearly one quarter of
global energy consumption by 2050 and generate more than $2.5
trillion direct revenue annually. In the article, Olav Juntilla,
managing director at Nomura Greentech Capital Advisors, stated,
“Large-scale usage of hydrogen requires build-out and operation of
not just production facilities but also compression,
transportation, distribution and conversion facilities.”
This is the sweet spot for Clean Power
Capital Corp. (CSE: MOVE) (FWB: 2K6A) (OTC:
MOTNF) and its subsidiary PowerTap Hydrogen
Fueling Corp. Operating at the intersection of technology and
opportunity, PowerTap deploys state-of-the-art hydrogen production
fueling and refueling technology that produces hydrogen onsite,
bypassing the need for the build-out of larger expensive
production facilities, gas compression, transportation,
distribution or conversion facilities. Hydrogen is produced right
at the filling station versus production off-site then delivery to
a filling station. Most other hydrogen fueling stations buy
hydrogen for storage at higher costs; PowerTap’s model is believed
to be exponentially more cost effective and expandable.
PowerTap is near completion
of the third-generation design of its patented on-site hydrogen
production and dispensing technology. This third-gen version
includes significant improvements over earlier units and stands
apart from other hydrogen-fueling technologies currently available.
The PowerTap modular design allows for the station to be fully
assembled and tested prior to delivery, provides for Underwriters
Laboratories ("UL") approval, and allows for rapid deployment at
suitable sites.
Right Solution for Today
PowerTap shares revenues with automobile and truck fueling
stations in return for hosting PowerTap hydrogen fueling stations
at their locations. By partnering with and incentivizing major
fueling networks to install hydrogen fuel technology at existing
locations, the unique PowerTap business model simplifies and
accelerates deployment. The distinctive stations can go live in a
matter of weeks as opposed to months or years required to build
separate fueling stations. The technology and business model enable
mass production and rollout of stations as well as upgrades in
capacity and storage. These critical elements are essential as
demand for hydrogen fueling stations is expected to increase
significantly.
The design of the PowerTap station is significantly smaller than
its competitor, making it easy to relocate if needed. In addition,
the stations will be able to accommodate new hydrogen production
technologies as they come online providing PowerTap with the
ability to upgrade its technology onsite.
“PowerTap’s patented, on-site blue hydrogen generating fuel
station technology is the right solution for today’s lack of
hydrogen fueling infrastructure,” said Power Tap
COO Kelley Owen. “PowerTap plans to roll out hydrogen fueling
stations to meet the USA’s public hydrogen fueling station
increased demand. Our new modular design will allow us to deploy
our stations rapidly starting in 2021.”
Operationally tested for more than a decade, a PowerTap station
produces 999.995% pure hydrogen. The system is designed to operate
4,000 hours without maintenance and has a life cycle of over 40,000
hours. The company enjoys a strong IP portfolio with more than 20
issued patents and represents a pure play in hydrogen fueling
technology.
“As an established hydrogen fueling technology, PowerTap and
hydrogen are finally having their time as a green, but also
economically compelling energy option. PowerTap is planning
on becoming a leading player in the multi-billion dollar hydrogen
fueling space,” said PowerTap
CEO Raghu Kilambi. As ever more hydrogen vehicles come to
market, the opportunities for PowerTap and Clean Power Capital
should grow exponentially. Toyota is already expanding its
hydrogen-powered Mirai production tenfold from 3,000 to 30,000
for the 2021 model year. Through PowerTap, Clean Power Capital
intends to fuel these vehicles and all those that follow.
Committed to Hydrogen
Plug
Power Inc. (NASDAQ: PLUG) is building the hydrogen
economy as a leading provider of comprehensive hydrogen fuel-cell
turnkey solutions. The company’s innovative technology powers
electric motors with hydrogen fuel cells amid an ongoing paradigm
shift in the power, energy and transportation industries to address
climate change and energy security, while providing efficiency
gains and meeting sustainability goals. Plug Power created the first
commercially viable market for hydrogen fuel cell technology.
The company has deployed an estimated 38,000 fuel cell systems for
e-mobility — more than anyone else in the world — and has become
the largest buyer of liquid hydrogen.
Ballard
Power Systems Inc. (NASDAQ: BLDP) is intent on
delivering fuel cell power for a sustainable planet. Ballard
zero-emission PEM fuel cells are enabling electrification of
mobility, including buses, commercial trucks, trains, marine
vessels, passenger cars and forklift trucks. Ballard’s vision is to
be the leading global
provider of innovative clean energy solutions offering superior
performance at a reduced operating cost. The company uses its fuel
cell expertise to deliver valuable and innovative solutions to
customers globally and power the hydrogen society.
Nikola
Corporation (NASDAQ: NKLA) is globally
transforming the transportation industry. As a designer and
manufacturer of zero-emission battery-electric and
hydrogen-electric vehicles, electric vehicle drivetrains, vehicle
components, energy storage systems, and hydrogen station
infrastructure, Nikola is driven to revolutionize the economic and
environmental impact of commerce as it’s known today.
FuelCell
Energy Inc. (NASDAQ: FCEL) is a global leader in
developing environmentally responsible distributed baseload power
solutions through proprietary fuel cell technology. The company
develops turnkey
distributed power generation solutions and operates and
provides comprehensive services for the life of the power plant.
FuelCell Energy’s mission and purpose remains to utilize its
proprietary, state-of-the- art fuel cell power plants to reduce the
global environmental footprint of baseload power generation by
providing environmentally responsible solutions for reliable
electrical power, hot water, steam, chilling, hydrogen, microgrid
applications, and carbon capture.
With all the positive attributes of hydrogen-powered vehicles
including cost per mile, fueling time, driving range, zero toxic
emissions and minimal environmental impact plus the readily
available abundance of hydrogen fuel sources, it’s easy to
understand a global shift toward hydrogen power. Clean Power
Capital plans to facilitate and accelerate the adoption of
hydrogen-powered vehicles across the nation through PowerTap, all
while delivering on the company’s paramount goal of generating
maximum returns from its investments.
For more information on Clean Power Capital Corp., please visit
Clean Power
Capital Corp.
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