VANCOUVER, British Columbia, November 10, 2020 – Clean Power Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC: QILFF) (“Clean Power” or the “Company” or “MOVE”). The Company’s 90 percent owned subsidiary PowerTap Hydrogen Fueling Corp. (“PowerTap”) is pleased to provide commentary on the impact of the election of Joe Biden as the next President of the United States.
With the expectation that President-elect Biden will take office in January 2021, the USA clean energy industry has reacted with enthusiasm and hope.
It is expected that the USA (under President-elect Biden) will rejoin the Paris Accord United Nation’s climate change agreement to reduce greenhouse gas emissions and President-elect Biden has stated that the USA federal government will invest significantly in clean energy and related infrastructure including hydrogen infrastructure (https://joebiden.com/climate-plan/).
American Council on Renewable Energy (Acore) CEO Greg Wetstone called the election “historic” and one that would create “the clean energy future that Americans want, and scientists say we need”.
“PowerTap is pleased that the President-elect has an aggressive plan for clean energy adoption, including for hydrogen.” said Raghu KIlambi, CEO of PowerTap. “As the US federal government has previously invested in the PowerTap technology, we are optimistic that we will have a seat at the table when USA clean energy/ hydrogen infrastructure spending initiatives are designed.”
The Company acquired a 90 percent interest in PowerTap on October 27, 2020 (see the Company’s news release on October 28, 2020). PowerTap is leading the charge to build out cost-effective hydrogen fueling infrastructure through its environmentally friendly intellectual property, product design for the modularized and lowest tier production cost of hydrogen, and launch plan. PowerTap technology-based hydrogen fueling stations are located in private enterprises and public stations (near LAX airport) in California, Texas, Massachusetts, and Maryland. Additional information about PowerTap may be found at its website at http://www.powertapfuels.com
ABOUT CLEAN POWER CAPITAL CORP.
Clean Power is an investment company, that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in our investments. A copy of Clean Power’s amended and restated investment policy may be found under the Company’s profile at www.sedar.com.
ON BEHALF OF THE ORGANIC FLOWER INVESTMENTS GROUP INC. BOARD OF DIRECTORS
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This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information includes, but is not limited to: political changes in Canada and internationally, future legislative and regulatory developments involving cannabis in Canada and internationally, AgraFlora’s ability to secure distribution channels in international jurisdictions, competition and other risks affecting AgraFlora in particular and the cannabis industry generally. Without limiting the generality of the foregoing, the forward-looking statements herein include, among other things, the ability to develop the Delta Greenhouse Complex and the successful integration of Organic Flower’s unique domestic downstream asset portfolio under the AgraFlora banner.
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