Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), an investment company, announced that it has completed the acquisition of the remaining shares of PowerTap Hydrogen Fueling Corp, thus Clean Power is now the sole, 100% owner of PowerTap. PowerTap has a patented hydrogen production technology, which the company is utilizing to build a blue hydrogen filling station network throughout the country. The company already has fueling stations in California, Texas, Massachusetts and Maryland. In October 2020, Clean Power acquired a 90% interest of PowerTap; the company acquired an additional 4.5% ownership of PowerTap in February 2021. With the support available since Clean Power’s initial investment, PowerTap has been focused on developing its hydrogen fueling station network in stages, beginning with engineering and design, then moving to ongoing development, and then permitting and site preparation. “Clean Power Capital is pleased to complete the acquisition of all the shares of PowerTap Hydrogen Fueling Corp.,” said Clean Power Capital Corp. CEO Raghu Kilambi in the press release. “Clean Power Capital continues to be excited by the commercialization opportunities that PowerTap’s patented onsite blue hydrogen production and dispensing system has in the United States and globally.”
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About Clean Power Capital Corp.
Clean Power is an investment company that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high-return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in its investments. For more information about the company, please visit www.CleanPower.Capital.
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