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.