REPEAT - Clean Power Capital Corp.’s Subsidiary, PowerTap Hydrogen Fueling, Announces That It Has Engaged NASA-Based Hydrogen Engineering Firm, Cryotek, as Its Engineering Design Partner to Commercialize Its Patented Hydrogen Filling Technology - Seite 2
“PowerTap is excited to work with Cryotek as our engineering and design partner to commercialize the next generation of PowerTap hydrogen filling stations. Cody Bateman and his world class engineering team are the ideal partner for PowerTap as we plan our aggressive roll out of hydrogen filling stations commencing in 2021,” said Raghu Kilambi, CEO of PowerTap Hydrogen Fueling Corp.
Hydrogen powered vehicles have major advantages over battery electric, gas, and diesel vehicles (driving range, quicker filling time and cost per mile). Billions of dollars’ worth of hydrogen long haul trucks and cars are expected on the market in next 2-4 years from incumbents and upstarts in the next 36 months. Hydrogen-powered vehicles generate electrical power in a fuel cell, emitting only water vapor and warm air.
The major advantage of this new technology over other hydrogen filling station systems is the small physical footprint for onsite hydrogen production and storage (700 Square Feet). These new modular stations are fabricated at a central manufacturing center and delivered to existing gas stations to augment their product offering. Each hydrogen station is then fully operational within two weeks from delivery. Most existing USA hydrogen filling stations must have their hydrogen delivered at a much higher costs than PowerTap’s on-site hydrogen production cost. PowerTap’s technology-based hydrogen filling stations are currently located in private enterprises and public stations in California, Texas, Massachusetts, and Maryland.
The Company acquired a 90 percent interest in PowerTap on October 27, 2020 (see the Company’s news release on October 28, 2020). PowerTap is leading the charge to build out cost-effective hydrogen fueling infrastructure through its environmentally friendly intellectual property, product design for the modularized and lowest tier production cost of hydrogen, and launch plan. PowerTap technology-based hydrogen fueling stations are located in private enterprises and public stations (near LAX airport) in California, Texas, Massachusetts, and Maryland. Additional information about PowerTap may be found at its website at http://www.powertapfuels.com.