Clean Power Capital Corp. (CSE: MOVE) (OTC: MOTNF) (FWB: 2K6A) Welcomes California Planned $1.5B Stimulus for Hydrogen Fueling Infrastructure

January 22, 2021 14:44:21
  • The proposed allocation of these funds is in alignment with investee PowerTap’s plans to begin rollout of its hydrogen fueling stations network in the second half of the year
  • PowerTap will generate additional revenue to finance its hydrogen infrastructure by participating in the California Low Carbon Fuel Standard Carbon credit program
  • Hydrogen fueling adoption advocate and auto racing entrepreneur George Steinbrenner IV is appointed to PowerTap’s advisory board, will bring his commitment to sustainability and influence to help promote company’s hydrogen production and dispensing technology

Investment holding company Clean Power Capital (CSE: MOVE) (OTC: MOTNF) (FWB: 2K6A) welcomed a California proposal to allocate $1.5 billion to the construction and maintenance of charging and hydrogen fueling infrastructure. According to a company press release, California Governor Gavin Newsom’s proposal to earmark these funds as part of a $4.5 billion stimulus proposal for the 2021 state budget is encouraging for Clean Power Capital and its investee PowerTap’s hydrogen station plans (https://ibn.fm/5cToG).

PowerTap Hydrogen Fueling Corp is currently preparing to roll out its initial hydrogen fueling stations nationwide in the second half of 2021 and will soon announce its partners for this stage, CEO Raghu Kilambi said…

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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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