PowerTap (NEO: MOVE) (OTC: MOTNF) (FWB: 2K6) today announced that its 49% owned subsidiary, AES-100 Inc., a leading clean hydrogen technology company, has initiated design and development activities for a green-hydrogen home power unit. The unit is being sized for applications to meet the needs of average North American households, revolutionizing green power production. According to the update, the global addressable market for hydrogen is currently estimated to be approximately $150 billion and estimated to reach over $600 billion by 2050. With nearly 140 million homes in the U.S. alone, the market opportunity is both tremendous and transformative. “This fast-track approach will bring AES technology from research to reality sooner. It promises earlier return on our investment at lower risk,” said Pinakin Patel in the news release. “We are very excited to see an accelerated path to commercialization.”
To view the full press release, visit https://ibn.fm/hu8ST
About PowerTap Hydrogen Capital Corp.
PowerTap Hydrogen Capital, through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), 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. PowerTap Hydrogen common shares are listed on the NEO Exchange. Please visit the company’s profile on the NEO Exchange website at https://www.neo.inc/en/live/security-activity/MOVE%23!/market-depth#!/market-depth.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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