During the briefing, Kilambi explained the company’s structure and its business of investing in hydrogen-powered-vehicle fueling infrastructure.
“Clean Power Capital Corp.’s first major investment is in PowerTap Hydrogen Fueling Corp., a U.S. company focused on deploying hydrogen fueling infrastructure, first across the United States,” Kilambi said. “PowerTap is a technology that was developed over 20 years by the U.S. Department of Energy, big oil companies and Renault, the automaker. We acquired this technology last year. It’s unique because it allows the generation of hydrogen onsite, at an individual fueling station. Most all hydrogen fueling stations out there right now, and there are very few, the hydrogen is generated offsite and shipped in on trucks. That’s a very expensive process.”