Big Names Jumping On Board
One of the most famous names in the auto industry just signed a major agreement, which could be a key piece in driving a projected $42 billion market forward.
Mario Andretti and his son, Michael Andretti, are world-renowned as two of the greatest race car drivers in history.
And after retiring from the race car circuit, they’ve built one of the strongest networks of fueling stations in the United States.
The Andretti group owns over 39 gas stations in California alone and 100 facilities throughout the country.
That includes facilities operating under well-known brands like Chevron, Texaco, Shell, 76, Circle K, Pacific Pride, and CFN.
And with their agreement with Clean Power Capital (CSE: MOVE; FWB: 2K6; OTC: MOTNF), they’re hopping aboard the massive push behind hydrogen fuel cells in the booming electric vehicle market.
With Andretti’s network of gas stations, chain retailers, and major oil companies, they’ve agreed to add Clean Power Capital’s revolutionary PowerTap fueling stations starting in California this year.
But even bigger news came when it was announced that Michael Andretti, founder of the renowned Andretti Group, agreed to join the board of Clean Power Capital.
This kind of validation proves not only how big this hydrogen fuel boom could become in the surging Hydrogen markets…
But also the essential role that Clean Power Capital and PowerTap’s technology will play in that rollout.
And this is all happening as we’re on the cusp of the greatest disruption in transportation we’ve seen in decades.
ESG funds and major investment firms are looking to deploy millions of dollars of capital to the companies working to accelerate the hydrogen fuel cell EV rollout.
Fidelity has poured $356 million into hydrogen fuel cell company, Ballard Power.
Blackrock, the largest investment manager in the world, has thrown $237 million in on FuelCell Energy Inc.
And their shares in Plug Power are worth a whopping $1.6 billion.
This is leading to some huge gains across the industry, from the manufacturers making the parts to those building out infrastructure to refuel these hydrogen fuel cell EVs on the road.
Plug Power, for example, surged for over 1,000% gains last year.
Shares jumped again in 2021 after they signed an agreement with major European automaker Renault.
And Clean Power Capital could soon make a name for themselves in this booming industry as their plans for 2021 are beginning to take shape.
That’s because with legacy automakers like Toyota announcing they plan to show off an upcoming 18-wheeler powered by hydrogen fuel cells in the first half of this year…
DOWNLOAD OUR EXCLUSIVE REPORT ON WHY CLEAN POWER CAPITAL AND POWERTAP COULD BE KEY TO THE NEXT CHAPTER OF THE HYDROGEN EV BOOM
Hydrogen-fueled trucks are set to be the next phase of this surging EV wave.
And major names like UPS, FedEx, and even the U.S. Postal Service are partnering up to get these vehicles out on the road.
But there’s one huge problem…
These electric trucks are all but useless if there aren’t fueling stations on the road to keep them running across the country.
That’s why PowerTap’s technology is so revolutionary.
In short, it can be placed easily at gas stations like the ones the Andretti group operate in cities all across America…
And PowerTap’s technology produces the hydrogen on-site, ready to be pumped into the fuel cells of these EV trucks like Toyota plans to roll out in the near future.
And the business model for Clean Power Capital via PowerTap shows just how financially savvy their leadership team is.
Since they plan to add their fueling stations to existing gas stations through joint ventures, they avoid additional costs for buying new real estate…
And because their technology produces the hydrogen on-site, they won’t have to pay expensive transportation costs to haul the hydrogen there to dispense it…
So with production costs being so much lower… They’re able to sell the hydrogen far cheaper than their competitors.
There are already 14 gas stations that have installed the PowerTap technology for use – helping powering vehicles in California, Texas, Virginia, Maryland, Massachusetts, and Oregon
But this technology is about to get an upgrade, and PowerTap plans to begin their expansion across the country later this year.
On the Cusp of a Breakthrough
This deal with the Andretti Group could signal the start of the hydrogen-powered push the industry has been waiting for.
And in the next 3 to 5 years, Clean Power Capital is projecting they could have 500 PowerTap stations or more pumping hydrogen into these next-gen vehicles around the nation.
And it could all become much easier thanks to California’s latest budget proposal.
In their proposed 2021 budget, California’s governor plans to earmark a massive $1.5 billion for the companies building the charging and hydrogen fueling stations.
If PowerTap receives even a small portion of that, we may start seeing these fueling stations popping up across the state before they know it.
Plus, they’re expecting to be able to drive revenue even before hydrogen freight trucks become the norm.
That’s because California will also be offering carbon credits through their Low Carbon Fuel Standard (LCFS) Credit program in efforts to reduce greenhouse gases.
These carbon credits can even be granted to companies producing hydrogen before dispensing any hydrogen from these refueling stations.
And if they receive these credits as they expect to after installing these stations, they can sell these to other companies on an ongoing basis on the emission trading markets.
These are in high demand for companies like Big Oil, who need to buy these credits to offset all the carbon emissions and reach their targets to avoid major issues.
With the size of their stations and the amount of hydrogen they could produce, conservative estimates say PowerTap could earn $1.3 million per year in carbon credits.
And should they achieve their initial launch of 500 stations in the state…
Their network has the potential to generate up to $1 billion in revenue from these credits each year, before taking into account any revenue sharing arrangements.
This has already been a massive revenue driver for major companies like Tesla, which received over $1.5 billion in carbon credits in 2020.
And soon, PowerTap could grab a portion of this market as well.
With everyone from billion-dollar fund managers to Big Oil companies now jumping on board the hydrogen market boom…
PowerTap is in the right place at the right time to take advantage of the momentum in the markets.
And the agreement with the Andretti Group is solidifying their place in this surging industry.
Given the Andretti family’s relationships with major oil companies and their built-in network of fueling stations across the country…
This could be a major step toward Clean Power Capital’s goal of rolling out over 500 fueling stations over the next few years.
Now, Clean Power Capital has the chance to lead the massive charge to adopt these next-gen vehicles by adding their PowerTap technology to gas stations around the nation starting in 2021.
DOWNLOAD OUR SPECIAL REPORT ON POWERTAP’S PATENTED TECHNOLOGY AND HOW EARLY INVESTORS COULD PROFIT
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