PowerTap Hydrogen (NEO: MOVE) (OTC: MOTNF) (FRA: 2K6B) updated investors on the company’s participation in the California Hydrogen Leadership Summit (CHLS) in Sacramento, California in June 2022.
In early June 2022, the California Hydrogen Business Council held the CHLS with PowerTap Hydrogen Fueling Corp. sponsoring, participating and moderating an industry panel. Participation was strong with over 550 registrants, including representatives from the transportation, power and heavy industry sectors, utility companies, and vendors from across and beyond the hydrogen industry.
Salim Rahemtulla, President of PowerTap, moderated a panel at the CHLS entitled “Building a Hydrogen Fueling Network that Fuels the Gaps in California’s Transportation Decarbonization and Air Quality Goals.”
The panel discussion points identified that collaboration is necessary across hydrogen industry verticals, from fuel-cell electric truck and bus OEMs to hydrogen producers and fueling station developers.
A key audience for the summit was California policymakers and regulators, focusing on exploring policies, programs and incentives needed to accelerate the production, use, and storage of hydrogen. This is essential to California’s ability to meet emissions goals and address climate protection, air quality, energy resilience and sustainable economic growth needs.
With a primary intent of educating California’s policymakers and regulators on accelerating the hydrogen industry within the state, a significant takeaway from the summit was the collaboration between market participants. This will solidify the hydrogen industry toward complete decarbonization in California. State and federal incentives will enable winners with standout cost-effective technology and business models to emerge and make significant strides in establishing the industry.
Shares of PowerTap stock are currently changing hands at $0.145 per share.
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PowerTap Hydrogen Capital Corp. is a paid client of Wealthy VC.
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