- PowerTap plans to take advantage of the Hydrogen Refueling Infrastructure credit program that allows it to sell credits even if it hasn’t begun dispensing hydrogen yet
- Selling the credits at an approximate rate of $200 each, the company has the potential to generate nearly $1.3 million annual gross revenue per each 1,200 kg hydrogen station installed
- To qualify for the program, PowerTap’s hydrogen fueling stations will need to meet specific standards in terms of functionality, availability, accepted payment methods and more
- Company plans to begin roll out of its California hydrogen fueling stations in the second half of 2021
PowerTap Hydrogen Fueling Corp., an investee of Clean Power Capital (CSE: MOVE) (OTC: MOTNF) (FWB: 2K6A), plans to participate in California’s Low Carbon Fuel Standard (“LCFS”) Carbon credit program, one of the most innovative carbon emission credit trading plans and the first to focus solely on the transportation sector.
According to a Clean Power Capital Corp. press release, the LCFS Carbon Credit program will offer PowerTap the opportunity to generate revenue before it even begins dispensing hydrogen through its planned fueling station infrastructure by selling earned LCFS credits on the…
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
About InvestorWire
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. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.