PowerTap Hydrogen Capital (NEO: MOVE) (FWB: 2K6B) (OTC: MOTNF) has shared an update regarding its proprietary technology and how that tech, which produces low-carbon intensity blue hydrogen, aligns with the definition of clean hydrogen in the draft of the U.S. infrastructure bill. According to the announcement, PowerTap, through its wholly owned subsidiary PowerTap Hydrogen Fueling Corp., anticipates using renewable natural gas (“RNG”), or biogas from dairy farms and biomethane from landfills, blended with fossil-fuel natural gas as a feedstock in the production of blue hydrogen. The company is producing modular, onsite hydrogen production and dispensing systems. By applying this technology to produce hydrogen from existing pathways using California Air Resources Board (“CARB”) methodology, the company anticipates achieving a carbon intensity of zero grams C02 per megajoule or lower, a key measurement as PowerTap focuses on lowering its carbon footprint and slowing or arresting the impacts of climate change. The company noted that it is important that the hydrogen produced by the PowerTap’s Gen3 unit complies with the new definition of “clean hydrogen” as outlined in the draft Energy Infrastructure Act from Sen. Joe Manchin; that definition is based on carbon intensity of hydrogen production and is applicable to hydrogen produced from renewables, fossil fuels with carbon capture, biomass and nuclear energy. “With the draft U.S. Infrastructure Bill classifying the blue hydrogen produced with PowerTap’s onsite production and dispensing technology as clean hydrogen, the hydrogen we produce will be a component of the U.S.’s efforts to reach zero carbon by 2050,” said PowerTap Hydrogen Fueling president Salim Rahemtulla in the press release.
To view the full press release, visit https://ibn.fm/pM3b8
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 that 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
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