Total
0
Shares
Xebec Adsorption (TSXV:XBC) pursues hydrogen strategy with HyGear acquisition
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Clean Power Capital (MOVE) has provided an update on its investment in FusionOne, a clean technology producer
  • The company has begun the production of its HydroPlas continuous cycle reactor, the centre of its efficient hydrogen-producing system
  • The manufacture of the FusionOne system is the first step in tackling the plastic pandemic and supporting the shift to clean energy production
  • Clean Power specializes in investing in private and public companies, with a current focus in the health and renewable energy industries
  • Clean Power Capital (MOVE) is up 6.45 per cent on the day and is trading at $1.32 per share

Clean Power Capital (MOVE) has provided an update on its investment in FusionOne, a clean technology producer.

FusionOne develops technology primarily for the conversion of plastic waste to hydrogen and clean electricity.

The company has begun the production of its HydroPlas continuous cycle reactor, the centre of its efficient hydrogen-producing system.

FusionOne CEO Elliott Talbott commented,

“FusionOne is taking the initial steps to deploying its game changing HydroPlas technology with the aim of tackling two global problems at once. Our team is excited to be taking these pre-commercialization efforts and looks forward to giving further updates as progress is made.”

Deployment of the company's commercial system will result in thousands of tons of waste being diverted to a clean and profitable energy stream.

Clean Power Capital's larges subsidiary, PowerTap, has a special interest in the FusionOne technology. PowerTap president Salim Rahemtulla commented,

“FusionOne’s patent-pending waste to white hydrogen and electricity is a complementary technology to PowerTap’s Gen3, which produces and dispenses blue hydrogen and provides potential cross-development opportunities.”

The company has executed plans to outfit its pre-commercialization site in Detroit, home of the "big three" automakers, to be ready to receive the first HydroPlas reactor.

The manufacture of the FusionOne system is the first step in tackling the plastic pandemic and supporting the shift to clean energy production.

Clean Power is an investment company that specializes in investing in private and public companies that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries.

Clean Power Capital Corp. (MOVE) delisted from the CSE on April 23, 2021 and initiated trading on the NEO Exchange on April 26. Investors can trade shares of Clean Power Capital through their usual investment channels. 

Clean Power Capital (MOVE) is up 6.45 per cent on the day and is trading at $1.32 per share as of 11:39 am ET.

More From The Market Herald
Azincourt Energy (TSXV:AAZ) completes radiometric survey & updates plans for the East Preston Uranium Project

" Azincourt Energy (TSXV:AAZ) announces $7.6M private placement

Azincourt Energy (AAZ) is pleased to announce a fully-subscribed non-brokered private placement for gross proceeds of approximately $7.6 million.
Global Energy Metals (TSXV:GEMC) announces collaboration with American Battery Technology Company

" Global Energy Metals (TSXV:GEMC) announces collaboration with American Battery Technology Company

Global Energy Metals (GEMC) is partnering with American Battery Technology Company to manufacture nickel and cobalt battery metals.
Saturn Oil & Gas (TSXV:SOIL) confirms value of Oxbow asset reserves

" Saturn Oil & Gas (TSXV:SOIL) confirms value of Oxbow asset reserves

Saturn Oil & Gas (SOIL) has confirmed 43.3 million BOE of reserves in a new evaluation of its Oxbow asset.
Northland Power (TSX:NPI) acquires wind and solar portfolio to enter into Spanish renewables market

" Next Hydrogen (TSXV:NXH) expands into new assembly facility

Next Hydrogen Solutions (NXH) has opened its new assembly facility in the Greater Toronto Area.