- British Columbia-based investment holding company Clean Power Capital Corp. is building a focused strategy for helping the hydrogen energy renewables sector to develop at a critical juncture in its history
- Clean Power recently announced its appearance on the Canadian Securities Exchange has been enhanced by listing on two of the CSE’s indices — the CSE Composite Index (R) and the CSE25 (TM) index
- Clean Power Capital is also examining the potential for uplisting to the NASDAQ exchange as part of the company’s strategy for building investment interest in the United States
- The company’s U.S. strategy was bolstered during the past year when it obtained a 90 percent controlling interest in U.S. company PowerTap Hydrogen Fueling, a key part of its renewables portfolio
- PowerTap appointed the CEO founder of leading global renewables company Amp Energy to the company’s advisory board recently to improve that company’s growth strategy
Holding company Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) is receiving increased attention to its mission of shepherding health and renewable energy enterprises toward their growth potential thanks to Clean Power’s entry on two Canadian Securities Exchange indices — the CSE Composite Index (R) and the CSE25 (TM) index.
The CSE is an alternative exchange dedicated to micro-cap and emerging companies. Clean Power’s entry on the Composite Index grants it a place of recognition among about 75 percent of the equities on the CSE, particularly those in the Life Sciences sector. The entry on the CSE25 index offers even higher visibility, placing Clean Power among the top 25 companies by market capitalization on the exchange (https://ibn.fm/ax4YR).
“It is an honour for the Company to be added to any major index at such an early stage, let alone for it to rank in the top 25 of such an index by market capitalization,” CEO Joel Dumaresq stated as part of the announcement. “Some of North America’s most innovative companies are traded on the CSE, and we are proud to be among leading firms in life sciences, technology, and diversified industries who comprise the CSE Composite Index (R).”
Clean Power is examining the possibility of listing common shares on the NASDAQ exchange in the United States to further improve its attractiveness to investors (https://ibn.fm/QMXMG). The establishment of a strategic committee to develop a new capital markets plan focused on the United States demonstrates the company’s determination to move its prospects forward at a pivotal time; the transition of government in the United States to President-elect Joe Biden’s administration signals a new shift toward clean energy policies (https://ibn.fm/7c7QU) such as those promoted by Clean Power through its investments.
One key element of Clean Power’s portfolio is its push for an ownership stake in PowerTap Hydrogen Fueling Corp. this year, obtaining 90 percent of the company through the issuance of 106.2 million common shares in Clean Power’s capital to PowerTap’s shareholders under an 18-month escrow release program (https://ibn.fm/g5Bc2).
Clean Power believes hydrogen-fueled vehicles have significant advantages over battery electric, gas and diesel vehicles when it comes to their driving range, fueling time and cost per mile, and that hydrogen is due for wider scale public adoption. The company’s acquisition announcement cites industry reports predicting hydrogen will be a $130 billion industry by 2030 in the United States supporting 700,000 jobs.
PowerTap reported a new development Dec. 30 when it named the CEO founder of leading global renewables company Amp Energy, Dave Rogers, to PowerTap’s advisory board (https://ibn.fm/5e4o6).
“The global energy transition is in full swing and hydrogen will play a critical role in the future as we move away from fossil-based generation and transportation,” Rogers stated as part of the announcement. “The proprietary PowerTap technology provides critical and unique advantages over the rest of the field, which is why I’m particularity excited about helping the company grow rapidly over the coming years.”
PowerTap’s proprietary tech strategy consists of using its onsite steam methane reforming (SMR) hydrogen production and dispensing modular units to build a strong network of hydrogen fueling stations throughout California before phased expansion across the United States. The IP’s modular design allows the station technology to be mass produced, to be easily upgraded with new tech developments, and to be relocated as circumstances require.
For more information, visit the company’s website at www.CleanPower.Capital.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF