- Clean Power Capital (CSE:MOVE) investee PowerTap has partnered with Carbonomics to secure the certification of its hydrogen fueling stations in California and to explore other environmental trading markets
- Carbonomics will direct PowerTap’s efforts in navigating the certification and verification of project activities
- Carbonomics has a proven track record of effectively quantifying greenhouse gas emission reductions and monetizing carbon credits
- PowerTap technology-based hydrogen fueling stations are located in private enterprises and public stations in several US states
- Clean Power is an investment company, that specializes in investing in private and public companies with a focus on the health and renewable energy industries
- Clean Power Capital Corp. (MOVE) is up 3.63 per cent, trading at C$2.00 per share at 9:15 am EST
PowerTap Hydrogen Fueling Corp., an investee company of Clean Power Capital Corp. (MOVE), has partnered with Carbonomics.
Carbonomics is a leader in helping cleantech companies maximize the potential of emission reduction credits in the US and international markets.
Carbonomics will assist PowerTap in securing the certification of its hydrogen fueling co-located stations in California and explore other environmental trading markets, such as the US federal Renewable Fuel Standard (RFS) and voluntary carbon offset market.
Carbonomics will direct PowerTap’s efforts in navigating the certification and verification of project activities to ensure the company’s claims are independently validated and meet all regulatory requirements.
Carbonomics has a proven track record of effectively quantifying greenhouse gas emission reductions and credit registration and managing the process of monetizing the resulting carbon credits.
Under the agreement, Carbonomics will be paid on a success basis.
“We are excited to partner with PowerTap to help solve the ‘chicken-and-egg’ situation that exists with hydrogen refueling infrastructure while building up the market for hydrogen vehicles in pursuit of the Hydrogen Highway. We can do this through the leading edge, carbon credit regimes in California and elsewhere ”, said Seth Baruch, President of Carbonomics.
“Carbon credits are a key part of every clean energy company’s strategy, and we are pleased to partner with Carbonomics to leverage their expertise and experience to maximize carbon credit revenues. Leading clean energy companies like Tesla (1) have used emission-reduction credit revenues to accelerate their growth and cash flow”, said Raghu Kilambi, CEO of PowerTap.
PowerTap technology-based hydrogen fueling stations are located in private enterprises and public stations (near LAX airport) in California, Texas, Massachusetts, and Maryland.
Clean Power is an investment company, that specializes in investing in private and public companies with a focus on the health and renewable energy industries.
Clean Power Capital Corp. (MOVE) is up 3.63 per cent, trading at C$2.00 per share at 9:15 am EST.
