PowerTap Hydrogen Capital updates on its continued efforts in California and recent participation in the California Hydrogen Leadership Summit.
A key audience for the summit was California policymakers and regulators and focused on exploring the policies, programs and incentives needed to accelerate production, use, and storage of hydrogen.
PowerTap Hydrogen Capital Corp. (NEO:MOVE.AQN, OTC:MOTNF) has provided an update on its continued efforts in California and recent participation in the California Hydrogen Leadership Summit (CHLS) in Sacramento, California in early June 2022.
In early June 2022, the California Hydrogen Business Council held the CHLS with the company’s PowerTap Hydrogen Fueling Corp subsidiary sponsoring, participating and moderating an industry panel.
The company said participation was strong with over 550 registrants, including representatives from the transportation, power and heavy industry sectors, utility companies, and vendors from across and beyond the hydrogen industry.
A key audience for the summit was California policymakers and regulators and focused on exploring the policies, programs and incentives needed to accelerate production, use, and storage of hydrogen, essential to California’s ability to meet emissions goals and address climate protection, air quality, energy resilience and sustainable economic growth needs.
With a primary intent of educating California policymakers and regulators on the accelerating the hydrogen industry in the state, significant takeaway from the summit was that collaboration between market participants will solidify the hydrogen industry toward complete decarbonization in California and state and federal incentives will enable winners with standout cost-effective technology and business models to emerge and make significant strides to establishing the industry.
Salim Rahemtulla, PowerTap Hydrogen Fueling president moderated a panel entitled:
“Building a Hydrogen Fueling Network that Fuels the Gaps in California’s Transportation Decarbonization and Air Quality Goals”
That included panelists from Nikola Corporation, Ballard Power, Chevron, and Trillium (of the Love’s Family of Companies).
The discussion points of the panel clearly identified that collaboration is necessary across hydrogen industry verticals from fuel-cell electric truck and bus OEMs to hydrogen producers and fueling station developers.
PowerTap Hydrogen Capital, through its wholly-owned subsidiary, PowerTapHydrogen Fueling is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years.
PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure.
There are currently under 100 operational publicly available hydrogen stations in the United States with most of the existing stations purchasing industrial hydrogen from industrial manufacturers and shipping hydrogen to individual stations via tanker trucks.
READ the latest news shaping the hydrogen market at Hydrogen Central
PowerTap Hydrogen Capital updates on its continued efforts in California and recent participation in the California Hydrogen Leadership Summit, June 21, 2022
