PowerTap Hydrogen Capital looking to install hydrogen production and dispensing fueling infrastructure in the US
- PowerTap Hydrogen Capital hails subsidiary AES' breakthrough, which creates major new potential source of clean energy
- PowerTap Hydrogen Fueling Corp hauling Pres Biden detailing Hydrogen Opportunity
Quick facts: PowerTap Hydrogen Capital Corp.
Price: 0.71 CAD
Market Cap: -
About the company
PowerTap Hydrogen Capital Corp., through its wholly-owned subsidiary, PowerTap Hydrogen Fueling Corp., 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
How it is doing
PowerTap Hydrogen Capital Corp has announced a breakthrough, via subsidiary Advanced Electrolyzer Systems (AES), showing the latter's technology can store excess renewable electricity as hydrogen in natural gas pipelines representing a new potential source of clean energy.
Our solution, which applies worldwide, focuses on the "low hanging fruit" as AES technology can store this valuable excess electricity as hydrogen, within existing natural gas pipelines," said Pinakin Patel, who, with his team, developed the company AES.
"Recovering this hydrogen for reuse is a potentially multi-billion dollar market," he added.
Bench testing over 5,000 hours (now being scaled up) has so far shown the efficient extraction of hydrogen stored in the pipeline is commercially viable with the technology, said PowerTap.
PowerTap Hydrogen Capital Corp has provided an update on its technology for producing low carbon intensity blue hydrogen and how it is consistent with the definition of clean hydrogen in the draft US Infrastructure Bill.
As previously reported, the company, through its wholly-owned subsidiary, PowerTap Hydrogen Fueling Corp., intends to use renewable natural gas (RNG) - a biogas from dairy farms and biomethane from landfills - blended with fossil fuel natural gas as a feedstock in its modular on-site hydrogen production and dispensing system to produce blue hydrogen.
PowerTap Hydrogen Capital Corp said it has partnered with Viridian Hydrogen UAE to help establish a hydrogen ecosystem in the United Arab Emirates (UAE) and throughout the Middle East to meet the growing demand for alternatives to fossil fuels.
The company, which is focused on installing hydrogen production and dispensing fueling infrastructure, said the collaboration with Viridian will help both private and public entities meet the growing need for renewable options across the UAE in the coming years.
What management says
PowerTap Hydrogen Fueling Corp CEO Raghu Kilambi joined Steve Darling from Proactive to share more about the California company that is looking to build cost-effective hydrogen fueling infrastructure.
Kilambi talks more about the operations and also comments on President Joe Biden’s recent comments about the vast opportunities for Hydrogen and how it will be a driving force in the administration’s plans to combat climate change.
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