PowerTap’s third generation modular unit has increased efficiency and reduced operating costs using data analytics
VANCOUVER, British Columbia and Newport Beach, Calif. — Clean Power Capital Corp. (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) (“Clean Power” or the ” Company ” or ” MOVE “). The company is providing additional information on the PowerTap Hydrogen Fueling Corp. (“PowerTap”), a subsidiary of Clean Power, developed the technology. PowerTap’s third generation on-site hydrogen production modular unit uses advanced operational software with data analysis to control every aspect of PowerTap’s system performance.
PowerTap will send the data collected by this advanced operating software to the cloud, where a data analysis application will use advanced algorithms to identify critical point indicators to monitor performance characteristics such as system run, fuel delivery rate and storage efficiency. The resulting technology will lower operating costs, extend the life of the system and reduce the overall cost of hydrogen production on site.
Kelley Owen, PowerTap’s Chief Operating Officer, stated, “PowerTap Gen 3 continues to innovate with advances in the design and operation of future modular gas stations for on-site hydrogen production to maximize our first-party advantage.”
The company invested in PowerTap on October 27, 2020 (see company press release dated October 28, 2020). PowerTap is at the forefront of building the most cost-effective hydrogen refueling infrastructure through its green intellectual property, product designs for the modularized and lowest cost of hydrogen production, and go-to-market plan. Hydrogen filling stations based on PowerTap technology are already in private companies and public stations (near LAX airport) in California, Texas, Massachusetts and Maryland. For more information on PowerTap, visit the website at:
About Clean Power Capital Corp.
Clean Power is an investment firm specializing in customized investments in private and public companies that can operate in a variety of industries, with the current focus on the healthcare and renewable energy industries. The investment mandate specifically focuses on high return investment opportunities, the ability to achieve adequate capital appreciation and seek liquidity in our investments. You can find a copy of the amended and newly formulated investment guidelines of Clean Power in the company profile at www.sedar.com .
Find out more about Clean Power on our website: https://cleanpower.capital/