Hydrogen production and refueling leader PowerTap Hydrogen (NEO: MOVE) (OTC: MOTNF) (FRA: 2K6A) has big plans to use California’s generous subsidies to build out a network of hydrogen fueling stations throughout the Golden State.
With the reality of man-made climate change becoming more evident with each passing year, there’s a growing need for alternative forms of energy. An increasing number of governments worldwide are requiring that their energy needs be met with wind, solar and other forms of clean, renewable energy.
One relatively unknown form of renewable energy making an emergence that has an opportunity to be a game-changer in the cleantech space is hydrogen fuel. Hydrogen fuel is gaining popularity because it combines an energy density greater than gasoline with the clean emissions of other green technologies. A hydrogen-powered car works much like a battery electric vehicle (BEV) but with a fuel cell full of hydrogen instead of a large battery. As hydrogen is consumed, the only emission is clean water.
PowerTap is making big moves in the hydrogen fuel space, and not just in the state of California. Thanks to the newly approved $1 trillion infrastructure bill, the U.S. government is pouring billions of dollars into hydrogen fuel research and development. As part of the infrastructure deal, one hydrogen fuel project alone was already awarded $8 billion. With that in mind, it could be fair to assume that PowerTap stands to be a big beneficiary of the infrastructure bill too.
For investors wondering the best way to play this fast-emerging and potentially lucrative new cleantech sector, a great place to start is by taking a good look at industry leader PowerTap Hydrogen.
Learn more about PowerTap Hydrogen (NEO: MOVE) (OTC: MOTNF) (FRA: 2K6A) via the research links below.
PowerTap Hydrogen is a paid client of Wealthy VC.
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