PowerTap in talks with Humboldt Transit Authority about potential supply of hydrogen fuel.
PowerTap Hydrogen Capital Corp. (NEO:MOVE.AQN, OTC:MOTNF) said its wholly owned subsidiary PowerTap Hydrogen Fueling Corp has been in non-exclusive discussions about the potential supply of hydrogen fuel to the Humboldt Transit Authority (HTA), which has decided to use hydrogen fuel cell electric buses (FCEBs) for its transit bus fleet.
Any potential opportunities with the HTA are subject to a definitive agreement, and PowerTap does not have a definitive schedule to advance discussions with the HTA towards any agreement at this time, the company said.
It cautioned that there are no assurances or guarantees that the discussions with the HTA will result in a transaction or definitive agreement.
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Salim Rahemtulla, CEO of PowerTap Hydrogen Fueling in a statement, said:
HTA’s decision to use FCEBs is a significant step towards achieving California’s ambitious clean energy goals, and PowerTap is proud to be a part of this transition to clean energy.
PowerTap said it regards the talks with HTA as an opportunity to explore a possible design reconfiguration of the company’s planned Northern California-based Andretti Fortuna and Eureka stations – which are within the HTA’s service area – to accommodate the possible refueling of HTA’s FCEBs.
In addition, the company is mulling the option of refueling HTA’s FCEBs through mobile refueling solutions, although it has not entered into any agreements with HTA at this time.
“We are excited about the opportunity to explore the reconfiguration of our Northern California Fortuna and Eureka stations to support the refueling of HTA’s FCEBs, and we are committed to providing clean, zero-emission hydrogen fueling solutions to the transportation sector,” added Rahemtulla.
“PowerTap is confident that its patented, unique onsite hydrogen fueling solutions will play a significant role in reducing greenhouse gas emissions, improving air quality, and creating a cleaner environment for all,” he concluded.
PowerTap Hydrogen Capital, through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp, is focused on installing hydrogen production and dispensing fueling infrastructure in the US.
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PowerTap in talks with Humboldt Transit Authority about potential supply of hydrogen fuel, April 12, 2023
