PowerTap Hydrogen Capital Corp (NEO: MOVE) (FWB: 2K6B) (OTC: MOTNF) (“PowerTap” or the “Company” or “MOVE”) is pleased to provide 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 PowerTap Hydrogen Fueling Corp. sponsoring, participating and moderating an industry panel. 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 policy makers 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 policy makers 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.
PowerTap Hydrogen Fueling Corp. President, Salim Rahemtulla, 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 (NASDAQ: NKLA), Ballard (NASDAQ: BLDP), Chevron (NYSE: CVX) 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.