Capstone Green Energy Corp CGRN and PowerTap Hydrogen Capital Corp MOTNF have signed strategic manufacturing and licensing agreement for the prototype manufacturing of PowerTap's proprietary 3rd generation hydrogen production and dispensing station. Financial terms were not disclosed.
- Each PowerTap Unit is modular in design and utilizes PowerTap's technology to produce and dispense blue hydrogen onsite.
- PowerTap is focused on meeting the large deficiency in hydrogen infrastructure via its unique PowerTap 3 on-site hydrogen production and fueling system.
- The PowerTap 3rd generation turns natural gas, including renewable natural gas, into onsite hydrogen.
- Capstone Green Energy will manufacture the small footprint product for PowerTap for use in fueling stations and as part of Capstone's distributed energy low emission microgrid solutions.
- Price Action: CGRN shares closed higher by 1.2% at $5.04 and MOTNF higher by 5.49% at $0.39 on Friday.
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