PowerTap Hydrogen (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF) announced that its subsidiary AES-100 Inc., a leading clean hydrogen technology company, is making significant progress in its strategic mission. PowerTap noted that after AES-100 refocused on the massive home market for green hydrogen, the company achieved a significant milestone and is on track for its accelerated commercial timeline. In addition, despite the global supply chain issues that have been plaguing businesses, AES-100 has received two production cells, which are key pieces of equipment. Calling the cells the “heart of the AED home power unit,” the company noted that it will now be able to move forward to the next stage of testing for its at-scale, direct-to-consumer green hydrogen power unit. AES-100 is a venture-stage, green technology company working on the development of novel hydrogen generation and separation technologies; the company is private, with ownership held by PowerTap Hydrogen and by Aberdeen International with remainder of ownership being privately held. “Although the number varies, the average American home uses ~30 kWh per day, said AES-100 CEO Channce Fuller in the press release. “AES technology and design is being developed and tested at variable rates over 70 kWh per day. With testing at this scale, the home power unit is set for application at homes small and large alike. We are excited to be testing at rates meeting the needs for commercial application.”
To view the full press release, visit https://ibn.fm/35Mdl
About PowerTap Hydrogen Capital Corp.
PowerTap Hydrogen Capital Corp., 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 fewer than 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. For more information about the company, please visit www.PowerTapCapital.com.
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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