REHEARSAL – Pinakin Patel, CEO of AES 49% owned by PowerTap, joins
VANCOUVER, British Columbia, Oct. 18, 2021 (GLOBE NEWSWIRE) – PowerTap Hydrogen Capital Corp (NEO: MOVE) (FWB: 2K6) (OTC: MOTNF) (âPowerTapâ or the âCompanyâ) is pleased to announce that Mr. Pinakin Patel, CEO of 49% owned Advanced Electrolyzer Systems (âAESâ), has been appointed to the advisory board of PowerTap. Mr. Patel is also the co-founder and president of T2M Global, which specializes in bringing technologies to market with a portfolio of a dozen companies focused on advanced hydrogen energy, hydrogen fuel cells and waste recovery. T2M Global will lay the groundwork for the commercialization of hydrogen technologies by PowerTap and AES.
Mr. Patel is a great addition to PowerTap’s advisory board given his considerable depth in the industry encompassing over 40 years of experience in the hydrogen and fuel cell industry with an R&D / technology portfolio. advances of over $ 600 million with over 30 patents and over 200 invited presentations and communications. As part of a public-private partnership, he developed an award-winning demonstration in which he launched a three-generation technology for the co-production of green hydrogen, clean energy and heat in a wastewater treatment plant. of Fountain Valley, California. This $ 18 million public-private project was led by the world’s largest hydrogen maker, Air Products and Chemicals, Inc., and included Fuel Cell Energy, Inc., the University of California at Irvine, the US Department of Energy and several State Agencies. The tri-generation energy station refueled hydrogen fuel cell cars from GM, Toyota, Honda, Hyundai, Mercedes and Nissan, as well as fuel cell trucks from Vision Motors. The distribution station had the capacity to distribute hydrogen at 350 bars and 700 bars.
Mr. Patel was also a member of the GM-led Hawaii Hydrogen Initiative, a public-private partnership with more than a dozen members including the US Department of Energy, Department of Defense, Hawaii Gas, University of Hawaii, University of California. in Irvine, the National Renewable Energy Laboratory, and many others.
Mr. Patel’s marketing experience includes leading fuel cell demonstrations, technology collaborations and supply chain development in the United States, Canada, Japan, South Korea, Germany and in Denmark. Multinational companies involved included BASF, Sempra, Siemens-Westinghouse, Fluor Engineers, ExxonMobil, NRG, Enbridge, Mitsubishi, Sanyo, Marubeni, POSCO Energy, Daimler-MTU and Haldor Topsoe.
In addition, Mr. Patel brings valuable depth to the supply chain for modular hydrogen plants, including the development of strategic alliance opportunities for major green or blue hydrogen components. [i.e., low pressure, moderate pressure and high-pressure steam methane reformers, hydrogen purification, hydrogen compression â low pressure (10-30 bar), commercial pressure (200 bar) and high pressure (350-900 bar), hydrogen station dispensers and hydrogen mobile refuelers (350 bar and 700 bar)].
“We are delighted to have Pinakin on our advisory board with his extensive experience and leadership in the hydrogen industry to lead the commercialization efforts of AES and other hydrogen-related technologies,” said said Raghu Kilambi, CEO of PowerTap Hydrogen Capital Corp.
ABOUT POWERTAP HYDROGEN CAPITAL CORP.
PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (âPowerTapâ), focuses on installing hydrogen production and distribution infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years. PowerTap is now marketing its third-generation blue hydrogen product that will focus on the fueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. There are currently less than 100 publicly available operational hydrogen stations in the United States, with most existing stations purchasing industrial hydrogen from industrial manufacturers and shipping hydrogen to individual stations via tankers.
PowerTap Hydrogen’s common shares are listed on the NEO Stock Exchange. Please see the Company Profile on the NEO Exchange website at https://www.neo.inc/en/live/security-activity/MOVE#!/market-depth.
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Notice Regarding Forward-Looking Information: This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities laws. These forward-looking statements include, without limitation, forecasts, estimates, expectations and goals for AES-100 Inc. and AES technology which are subject to a number of assumptions, risks and uncertainties, many of which are beyond PowerTap’s control. Certain assumptions include, but are not limited to, the ability to develop AES technology to commercially extract hydrogen from gas pipelines and the ability of AES-100 Inc. or the Company to raise sufficient funds to finance its plan. business. Forward-looking statements are statements which are not historical fact and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends to”. “,” Estimates “,” projects “,” potential “and similar expressions, or that events or conditions” will “,” would “,” could “,” could “or” should “occur or be achieved. Forward-looking information is based on current expectations, estimates and projections which involve a number of risks, which could cause actual results to vary and, in some cases, differ materially from those anticipated by the Company and described in the forward-looking information. contained in this press release.
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