POWERTAP’S ONSITE BLUE HYDROGEN PRODUCTION USE OF RENEWABLE NATURAL GAS (RNG) AS FEEDSTOCK MAKES ITS HYDROGEN GREENER

February 11, 2021

NEWS RELEASE

VANCOUVER, British Columbia and Newport Beach, California, February 11, 2021 – Clean Power Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC: MOTNF) (“Clean Power” or the “Company” or “MOVE”). The Company is pleased to provide additional information about the technology being developed by PowerTap Hydrogen Fueling Corp. (“PowerTap”), an investee company of Clean Power. PowerTap’s third generation onsite hydrogen production module unit is enhanced for blue hydrogen classification via Advanced Carbon Capture (https://cleanpower.capital/news/powertaps-blue-hydrogen-uses-innovative-carbon-capture-system/) and using Renewable Natural Gas (RNG) as its main feedstock to generate Blue Hydrogen.

Common sources of RNG, also referred to as biomethane or upgraded biogas, include landfills, animal manure, food scraps and wastewater sludge. With these “wet” wastes, bacteria break down organic matter and produce methane, carbon dioxide, and other gases and solids through a process referred to as anaerobic digestion. The resulting biogas can then be processed or “upgraded” to get rid of impurities, so that it is nearly pure methane, and injected into the natural gas pipeline system in the USA. According to the EPA, landfill gas presents a major opportunity to capture and use a significant and often-wasted energy resource.[1]

The majority of hydrogen in the USA is produced utilizing Steam Methane Reformer (SMR) technology  and natural gas as its primary feedstock with limited carbon capture (Grey Hydrogen)[2]. Green Hydrogen is produced using electrolysis[3], which requires significantly higher amounts of electricity which is expensive in many regions[4]. PowerTap’s patented modular, onsite SMR production and dispensing system, which improves upon previous generations of hydrogen technology via advanced carbon capture and the use of RNG as the key feedstock, produces Blue Hydrogen.

PowerTap will be commercializing its Blue Hydrogen fueling solutions co-located on existing gas stations where natural gas and RNG are delivered in key markets starting in the Western USA where Green Hydrogen is not economically viable or physically possible due to the lack of sufficient renewable energy sources to produce electricity. “We look forward to being at the forefront of developing the Hydrogen Highway by providing a greener solution using renewable natural gas to support the refueling of vehicles and fleets across the U.S.”, said Kelley Owen, PowerTap’s Chief Operating Officer.

[1] https://www.environmentalleader.com/2020/12/florida-first-construction-begins-on-facility-that-will-convert-landfill-methane-to-renewable-natural-gas/

[2] https://www.energy.gov/eere/fuelcells/hydrogen-production-natural-gas-reforming

[3] The Wall Street Journal, The Journal Report – Technology, Page R10, October 23, 2020 (https://powertapfuels.com/pdf/WSJ_Hydrogen_Overview_Oct_2020.pdf)

[4] The Wall Street Journal, “Hydrogen Has A Long Way To Go To Be Green,” October 9, 2020 (https://powertapfuels.com/pdf/WSJ_Hydrogen_Dirty_Secret_oct_2020.pdf)

ABOUT POWERTAP

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: https://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. Clean Power’s most recent investment was in PowerTap on October 27, 2020 (see the Company’s news release on October 28, 2020). 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/

Clean Power common shares are listed on the Canadian Securities Exchange. Please visit the company’s profile on the Canadian Securities Exchange website at: https://thecse.com/en/listings/diversified-industries/clean-power-capital-corp

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.