- PowerTap Hydrogen Fueling has signed a definitive agreement with the Andretti Group to create an optimized network by leveraging the latter’s operational expertise and global reach
- PowerTap plans to have 500 operational hydrogen filling stations deployed across the country by the end of 2025
- The existing business model’s deployment of hydrogen stations expedites rollout due to the existing fuel operations on each site
- The hydrogen fuel cell vehicle market worldwide was valued at $651.9 million in 2018 and is expected to grow to over $42 billion by 2026
Stemming from the announcement made by Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) on January 26, 2021, about the Definitive Agreement between investee PowerTap Hydrogen Fueling and the Andretti Group for the production and deployment of hydrogen fuel units across California, more details have been released regarding the agreed-on business model, as well as the agreement’s benefits for the parties involved (https://ibn.fm/WYoYt).
PowerTap is working to build and expand its hydrogen fueling station network, initially across North America, starting the second half of 2021. The platform is believed to be more cost-effective and expandable than other hydrogen filling station’s models. The significant advantage over these companies comes from PowerTap’s smaller physical footprint and capacity to…
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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