PowerTap provides corporate update
The initial public hearing is set for May 2022, and the PowerTap team is gearing up for full participation in the hearing.
PowerTap Hydrogen Capital Corp has provided an update on its zoning application activities for its initial stations in Northern California, development, final engineering of its Gen3 modular blue hydrogen production and dispensing unit (MHPDU), and the supply of renewable natural gas for our newly developed Gen3 units.
With some delays due to pandemic constraints, zoning approval is moving forward for the first Andretti station incorporating a PowerTap Gen3 MHPDU, located in Fortuna, in Humboldt County, California. With zoning approval of the Fortuna station, the company anticipates construction and installation permit processing to yield approvals in Q3/Q4 2022, with construction to follow.
For final engineering, PowerTap has engaged with T2M Global (T2M) to complete the final prototype engineering for manufacturing using the breadth of T2M’s technology development, commercialization, strategic advisory and business/supply chain development services. T2M will work with our contract manufacturer, Capstone Green Energy, to develop and deploy the PowerTap manufacturing process in Capstone’s facilities.
Regarding PowerTap’s supply of renewable natural gas (RNG) or biomethane for the production of hydrogen through the Gen3 MHPDU, the company has established a non-binding letter of intent with an RNG vendor to supply RNG through 2027 at very competitive pricing as it pursues its plan to deploy blue hydrogen MHPDUs across California and beyond.
The RNG vendor has agreed, through its project partners, to provide RNG that would provide a total carbon intensity (CI) of zero or less in a blend of 41% RNG to 59% fossil fuel natural gas required to produce hydrogen through the Gen3. This blend of RNG enables PowerTap to maximize the carbon credits it expects to earn via the State of California Low-Carbon Fuel Standard (LCFS) program.