POWERTAP’S 3RD GENERATION ONSITE BLUE HYDROGEN FUELING TECHNOLOGY CAN GENERATE EXCESS ELECTRICITY

February 24, 2021

NEWS RELEASE

VANCOUVER, British Columbia and Newport Beach, California, February 25, 2021 – Clean Power Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC: MOTNF) (“Clean Power” or the “Company” or “MOVE”). In light of the recent severe weather in Texas[1] causing a strain on the electricity grid and other recent incidents of strain on electricity grids including in California, the Company wishes to highlight the electricity generating capability of the PowerTap modular unit technology. While designing its 3rd generation technology, PowerTap Hydrogen Fueling Corp. (PowerTap) recognized that electricity shortages may be present in key markets where it plans to install its hydrogen fueling stations.

While much less electricity is needed to produce blue hydrogen vs green hydrogen[2], PowerTap recognized that electricity shortages may effect the operation of its fueling stations. To address this potential issue, PowerTap’s 3rd Generation Onsite Hydrogen fueling unit will have an industrial hydrogen fuel cell that can be used to turn excess hydrogen into electricity that can be used in various capacities including powering further hydrogen production or the rest of the gas/truck stop operations.

Kelley Owen, PowerTap’s Chief Operating Officer noted “We have taken the patented 2nd generation PowerTap technology which is in use in private and public hydrogen fueling stations in the United States and enhanced the technology for the coming Hydrogen Highway”.

[1] https://www.usatoday.com/story/news/nation/2021/02/17/texas-power-grid-why-state-has-its-own-operated-ercot/6782380002/

 

[2] https://www.iea.org/commentaries/the-clean-hydrogen-future-has-already-begun

 

ABOUT POWERTAP

The Company invested 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 and the Hydrogen Industry 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.

Learn more about Clean Power by visiting our website at: https://cleanpower.capital/

PowerTap Contact

Raghu Kilambi
raghu@hydrogenfueling.co

PR Contact

Vito Palmeri
AMW PR
c: 347.471.4488 | o: 212.542.3146
vito@amwpr.com

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Clean Power Contact

Joel Dumaresq
info@cleanpower.capital
+1 (604) 687-2038

Notice Regarding Forward Looking Information:

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information includes, but is not limited to: political changes in Canada and internationally, future legislative and regulatory developments involving cannabis in Canada and internationally, AgraFlora’s ability to secure distribution channels in international jurisdictions, competition and other risks affecting AgraFlora in particular and the cannabis industry generally. Without limiting the generality of the foregoing, the forward-looking statements herein include, among other things, the ability to develop the Delta Greenhouse Complex and the successful integration of Organic Flower’s unique domestic downstream asset portfolio under the AgraFlora banner.

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.