The End of Gas Stations?
With one small move, this could signal the beginning of the end of gas stations as we know them today.
And what replaces them could launch us into the next generation of transportation over the next few years.
Just days ago, Petaluma, California – a city 40 miles north of San Francisco – voted unanimously to ban the creation of new gas stations in the city.
Not only will this stop major gas station franchises from adding new locations. It will also prevent existing gas stations from adding new pumps at existing ones.
This move was made to help encourage the deployment of more new hydrogen fueling stations and battery electric charging stations.
While it may be a shocking development for some, this is indicative of a bigger trend happening across the state and in countries around the world.
The city of San Francisco hopes to become carbon neutral by 2030.
California is on a mission to be emission-free by 2035.
And major automakers around the world are following suit as well.
General Motors, the largest automaker in the United States, said it vows to replace its current fleet of cars, trucks and SUVs with EV models by 2035.
And Volvo is doing the same, phasing out all gas engines on their vehicles by 2030.
We’re currently seeing the start of a major shift in transportation, which is helping the development of hydrogen powered electric vehicles take off.
And this is exciting news for Clean Power Capital, which is getting set to deploy its PowerTap technology for a broader rollout.
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This technology produces clean hydrogen on-site, ready to be dispensed to hydrogen fuel cell EVs.
With Petaluma and the rest of California signaling a major change in how gas stations of the future will look, that’s left them in the perfect position.
They are already installing PowerTap technology to existing gas stations, allowing those with new hydrogen fuel cell EVs to refill in select locations.
And by producing the hydrogen on-site and simply leasing the real estate through joint ventures…
The financials allow them to dispense this hydrogen for a fraction of the price compared to competitors.
Given the massive shift to hydrogen fuel cell EV trucks.
These have started gaining more and more traction as major companies have started partnering up to get these next-generation vehicles on the road.
That includes huge names like UPS, FedEX, and even the United States Postal Service.
But in order to make this transition happen, they’ll need the infrastructure and the charging stations to make it a reality.
The fate of these multi-billion dollar companies rolling out their newest fleet vehicles relies on being able to fill up their tanks throughout the day as they’re making their hundreds of deliveries.
And along that vein, PowerTap could help make this happen before we know it as big partners are lining up.
Big Names Behind The Push
PowerTap already has their technology dispensing hydrogen at 14 gas stations around the nation.
That means they’re already helping power the next generation of vehicles in California, Texas, Virginia, Maryland, Massachusetts, and Oregon.
But now they’re giving their technology a boost with new upgrades and planning to roll out many more units over the next year, starting in California.
To help them do this, they’ve partnered with one of the biggest names in the auto industry.
Mario Andretti and his son, Michael Andretti, are prolific names in the race car circuit…
Winning several championships during their careers and being largely viewed as among the most successful drivers in the history of the sport.
Now, after retiring from active racing, they’ve branched out to continue that success elsewhere in the auto industry.
They’ve done it by building one of the strongest networks of fueling stations in the United States.
The Andretti Group owns over 39 gas stations in California alone, with 100 facilities throughout the United States.
That includes facilities working under well-known brands like Chevron, Texaco, Shell, 76, Circle K, Pacific Pride and CFN.
Over the next 5 years, Clean Power Capital plans to ramp up quickly to have their PowerTap technology at over 500 gas stations around the nation.
And this agreement with the Andretti Group could be the first major step to get them there.
In the meantime, as they prepare to start their massive push to bring PowerTap to more fueling stations this year…
They already have a path toward driving significant revenue even before dispensing any hydrogen.
It’s all thanks to California’s Low Carbon Fuel Standard (LCFS) Credit program.
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The state of California’s proposed budget for 2021 has $1.5 billion earmarked to go to companies building the charging and hydrogen fueling stations of the future.
These funds are all a part of their investment to become emission-free across the state by 2035.
Carbon credits will be issued to the companies producing and dispensing hydrogen for fuel cell EVs.
These carbon credits are a precious commodity on the emission trading markets too, especially for companies like Big Oil.
That’s because they often need to purchase these carbon credits to offset their carbon emissions, helping them reach their target levels to avoid trouble.
And now, Clean Power Capital has partnered with Carbonomics, a leader in helping maximize these opportunities and securing these carbon credits.
With their proven track record for monetizing the carbon credit process, they’ll help ensure that Clean Power Capital is meeting all the requirements to be eligible and streamlining the process.
And they’ll help ensure they’re not missing more golden opportunities to get the most out of their PowerTap technology.
Just last year, these carbon credits helped Tesla secure an additional $1.5 billion in revenue.
And if Clean Power Capital reaches their initial launch goal of deploying 500 units to gas stations around the state…
It could generate hundreds of millions of dollars in potential revenue for them as well through the sale of carbon credits.
This is an incredible opportunity considering Clean Power Capital currently sits at a market cap of just $429 million.
Now, with major names like the Andretti Group on board to help with the rollout of more PowerTap stations and Carbonomics to help drive revenue…
PowerTap is set to take over the gas stations of the future with its revolutionary technology.
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