Clean Power (CSE: MOVE) (OTC: MOTNF) (FWB: 2K6A) today provided additional information about how the onsite hydrogen production and dispensing technology being developed by PowerTap Hydrogen Fueling Corp., an investee company of Clean Power, will be used in other commercial markers. According to the update, PowerTap has commenced plans to commercialize its third generation units into new verticals such as commercial buses and trains, and has initiated partnership discussions with various cities and states/provinces. Subject to the progression of PowerTap’s plan to expand its product offering, its third generation onsite hydrogen production module will be made available to provide blue hydrogen for trains and buses, in addition to hydrogen fuel cell cars and trucks. A prime example of this growing market is the Coradia iLint, a hydrogen train built by Alstom in Salzgitter, Germany and currently being deployed in Europe*. The Corada iLint is the world’s first passenger train powered by on-board hydrogen fuel cells producing electrical power for traction. This relatively low-noise, zero-emission train only exhausts steam and condensed water as atmospheric outputs. “PowerTap continues to have discussions with various commercial opportunities in various verticals and will continue to update shareholders in the coming weeks and months,” said PowerTap CEO Raghu KIlambi.
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About Clean Power Capital Corp.
Clean Power 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 mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in the company’s investments. A copy of Clean Power’s amended and restated investment policy may be found under the company’s profile at www.SEDAR.com. For more information, visit the company’s website at www.CleanPower.capital.
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