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home / news releases / BIT - CleanTech Power collaborating with PowerTap Hydrogen to develop alternative energy project


BIT - CleanTech Power collaborating with PowerTap Hydrogen to develop alternative energy project

(NewsDirect)

CleanTech Power CEO Frank Carnevale joinedProactive's Natalie Stoberman to discuss its Letter of Intent withPowerTap Hydrogen Fueling Corp to develop a new hydrogen energyproject.

Carnevale says theagreement allows CleanTech Power to negotiate terms over the next 180days to eventually leverage PowerTap's modular technology toconvert natural gas into blue or green hydrogen at customer sites.Carnevale adds that CleanTech Power plans to deliver hydrogen to itscustomers and combine it with their fuel cell projects to create anintegrated energy solution and explore hydrogen solutions as analternative to natural gas.

PowerTap Hydrogen Capital Corp,through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp,is focused on installing hydrogen production and dispensing fuelinginfrastructure in the United States. PowerTap’s patented solutionhas been developed over 20 years and is now now commercializing itsthird-generation blue hydrogen product that will focus on therefueling needs of the automotive and long-haul trucking markets thatlack hydrogen fueling infrastructure.

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Stock Information

Company Name: BlackRock Multi-Sector Income Trust of Beneficial Interest
Stock Symbol: BIT
Market: NYSE

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