Powertap Hydrogen Capital Corp.
MOVE.NE
CBOE CA0.34
CAD
+0.01
- -
Powertap Hydrogen Capital Corp.
MOVE.NE
(CBOE CA)
Recent
price
0.34
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Powertap Hydrogen Capital Corp. has evolved from its origins as a venture capital entity to specialize in pioneering hydrogen fuel technology. The company focuses intently on the deployment of advanced hydrogen production and dispensing infrastructure, particularly within the United States. Its core offering involves a patented, third-generation blue hydrogen system that generates fuel directly at the point of use by converting natural gas and water. This on-site approach minimizes the need for extensive distribution networks and large-scale off-site production, utilizing a compact footprint. The firm's strategic efforts are directed at establishing an expansive network of fueling stations to support the automotive and heavy-duty long-haul trucking sectors, addressing critical infrastructure gaps for hydrogen-powered vehicles. While its business model centers on fuel sales, future revenue streams are also anticipated from hydrogen carbon credits and incentives. Formerly known as Clean Power Capital Corp., the company transitioned its name to Powertap Hydrogen Capital Corp. in June 2021, reflecting its sharpened focus as an H2 fuel technology enterprise, having acquired 100% ownership of its subsidiary, Powertap Hydrogen Fueling Corp. The company is based in Aliso Viejo, California, and Vancouver, British Columbia, with additional international offices. Following a December 2023 cease trade order and subsequent delisting from CBOE Canada Inc. in May 2024, the company announced the full revocation of the order in October 2024 and intends to pursue listing on another Canadian exchange. Current efforts are concentrated on heavy-duty fueling stations, and the company is actively pursuing strategic partnerships and financing for its Gen3 hydrogen fueling system.