Clean Power Capital Corp.: Hydrogen Fuel’s Future Is Brighter Under a Joe Biden USA Presidency
November 10 2020 - 4:30AM
Clean Power Capital Corp. (CSE:
MOVE)(FWB: 2K6)(OTC: QILFF)
(“Clean Power” or the
“Company” or
"MOVE"). The
Company’s 90 percent owned subsidiary PowerTap Hydrogen Fueling
Corp. (“PowerTap”) is pleased to provide commentary on the impact
of the election of Joe Biden as the next President of the United
States.
With the expectation that President-elect Biden
will take office in January 2021, the USA clean energy industry has
reacted with enthusiasm and hope.
It is expected that the USA (under
President-elect Biden) will rejoin the Paris Accord United Nation’s
climate change agreement to reduce greenhouse gas emissions and
President-elect Biden has stated that the USA federal government
will invest significantly in clean energy and related
infrastructure including hydrogen infrastructure
(https://joebiden.com/climate-plan/).
American Council on Renewable Energy (Acore) CEO
Greg Wetstone called the election “historic” and one that would
create “the clean energy future that Americans want, and scientists
say we need”1.
“PowerTap is pleased that the President-elect
has an aggressive plan for clean energy adoption, including for
hydrogen.” said Raghu KIlambi, CEO of PowerTap. “As the US federal
government has previously invested in the PowerTap technology, we
are optimistic that we will have a seat at the table when USA clean
energy/ hydrogen infrastructure spending initiatives are
designed.”
About PowerTap
The Company acquired a 90 percent interest in
PowerTap on October 27, 2020 (see the Company’s news release on
October 28, 2020). PowerTap is leading the charge to build out
cost-effective hydrogen fueling infrastructure through its
environmentally friendly intellectual property, product design for
the modularized and lowest tier production cost of hydrogen, and
launch plan. PowerTap technology-based hydrogen fueling
stations are located in private enterprises and public stations
(near LAX airport) in California, Texas, Massachusetts, and
Maryland. Additional information about PowerTap may be found at its
website at http://www.powertapfuels.com
ABOUT CLEAN
POWER CAPITAL CORP.
Clean Power is an investment company, that
specializes in investing into private and public companies
opportunistically that may be engaged in a variety of industries,
with a current focus in the health and renewable energy industries.
In particular, the investment mandate is focused on high return
investment opportunities, the ability to achieve a reasonable rate
of capital appreciation and to seek liquidity in our investments. A
copy of Clean Power’s amended and restated investment policy may be
found under the Company’s profile at www.sedar.com.
____________1
https://www.rechargenews.com/transition/us-renewable-energy-industry-cheers-joe-biden-election-win-as-beautiful-day/2-1-908521
ON BEHALF OF THE CLEAN
POWER CAPITAL CORP. BOARD OF
DIRECTORS
“Joel Dumaresq”
Joel Dumaresq CEO+1 (604) 687-2038info@sowinvestments.ca
Learn more about Clean Power by visiting our website at:
https://sowinvestments.ca/
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Notice Regarding Forward Looking
Information:
This press release contains "forward-looking
statements" or "forward-looking information" (collectively referred
to herein as "forward-looking statements") within the meaning of
applicable securities legislation. Such forward-looking statements
include, without limitation, forecasts, estimates, expectations and
objectives for future operations that are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of Clean Power. Some assumptions include, without
limitation, the development of hydrogen powered vehicles by vehicle
makers, the adoption of hydrogen powered vehicles by the market,
legislation and regulations favoring the use of hydrogen as an
alternative energy source, and the Company’s ability to raise
sufficient funds to execute PowerTap’s plans to build out a North
American hydrogen fueling station network. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur or be
achieved. This press release contains forward-looking statements
pertaining to, among other things, the timing and ability of the
Company to complete any potential investments or acquisitions, if
at all, and the timing thereof. Forward-looking information is
based on current expectations, estimates and projections that
involve a number of risks, which could cause actual results to vary
and, in some instances, to differ materially from those anticipated
by the Company and described in the forward-looking information
contained in this press release.
Although the Company believes that the material
factors, expectations and assumptions expressed in such forward-
looking statements are reasonable based on information available to
it on the date such statements were made, no assurances can be
given as to future results, levels of activity and achievements and
such statements are not guarantees of future performance.
The forward-looking information contained in
this release is expressly qualified by the foregoing cautionary
statements and is made as of the date of this release. Except as
may be required by applicable securities laws, the Company does not
undertake any obligation to publicly update or revise any forward-
looking information to reflect events or circumstances after the
date of this release or to reflect the occurrence of unanticipated
events, whether as a result of new information, future events or
results, or otherwise.
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