Hydrogen Fuel Cells are the Future Long Haul Transport – Meet The Company Building The Infrastructure
Until now, the lack of hydrogen fueling stations in the U.S. have been a key impediment to hydrogen vehicle growth. That is about to change. PowerTap Hydrogen Fueling Corp is currently building out the U.S. hydrogen fueling station infrastructure…
The CEO of PowerTap Hydrogen Fueling Corp, Raghu Kilambi, is available to discuss why hydrogen fuel cells are the true future of transportation technology for long haul transportation, and why they have a significant advantage over battery electric alternatives that often get a lot of hype in the press. Contact me at christine@amwpr.com if you’re interested in talking to Raghu.
Raghu’s Comments:
- With the expectation that President-elect Biden will take office in January 2021, the USA clean energy industry has reacted with enthusiasm and hope.
- President-elect Biden has stated that the federal government will invest significantly in clean energy and related infrastructure, including
hydrogen infrastructure. - As the US federal government has previously invested in the PowerTap technology, the company is optimistic they will have a seat at the table when USA clean energy/ hydrogen
infrastructure spending initiatives are designed. - Battery electric vehicles are completely impractical for long-haul trucking, which will require a more sustainable energy source to be able to make their cargo runs in a timely and efficient manner.
-
PowerTap is leading the charge in building an extensive network of hydrogen fueling stations across the nation. This has been its most significant limitation in the past, but is rapidly changing.
-
Hydrogen fuel cells have a longer range than battery electric overall, and they take mere minutes to fully charge, while battery electric can take an hour. Adding several hours to a long-haul trip means a tremendous amount of lost revenue to trucking companies in the long-run.
THE MAJOR POINT:
-
With all the buzz that battery electric powered vehicles are getting in this day and age, hydrogen is the more sensible, sustainable, and advanced form of energy which would have tremendous benefit if adopted by the trucking industry. It means faster transportation time, money saved, and a healthier environment. Raghu can discuss in further detail why companies like his are revolutionizing the transportation industry, and his plan on bringing that technology to the massive and crucial trucking industry.
About PowerTap Hydrogen Fueling Corp.:
- PowerTap acquired in Aug 2020 > $50 million of invested capital in hydrogen fuel generation technology, commercial contracts to partner with gas/truck station owners and US government low interest infrastructure loans.
- Partnerships with major fueling networks to install hydrogen fuel technology at existing Locations.
- PowerTap is the top, lowest cost onsite hydrogen fueling technology
- Hydrogren fuel annual commercial vehicle sales are expected to grow exponentially, but the USA is lacking fueling stations. Nikola has a $14 billion backlog of hydrogen truck orders.
About Raghu Kilambi:
Raghu Kilambi, CEO of Powertap Hydrogen Corp, is an experienced investor and entrepreneur with over 25 years of global business experience in public and private investments, building businesses and creating shareholder value. He has raised over $1 billion of equity and debt capital for private and public companies and been involved in many M&A acquisitions and exits. Raghu’s experience includes operational management, financial reporting, corporate governance, corporate finance, public offerings,strategic acquisitions and investments, international business development, merchant banking and corporate restructuring in sectors including technology, telecom and mobile. Most recently, Raghu was Vice Chairman & CFO of California-based ConversionPoint (e-Commerce software/services) which was sold in 2 M&A exits in prospectus for an Oppenheimer-led IPO in 2019. In addition, Raghu was previously the Co-Founder, CFO and Chief Strategy Officer of a leading VC-backed first generation application hosting company that grew from a startup to $140 million in annual revenues and a peak Nasdaq market capitalization of over US $2 billion. Raghu has also been an investor in companies that were acquired by Yahoo, eBay and CGI. He graduated with Great Distinction with a Bachelor of Commerce and a Graduate Diploma in Public Accounting from McGill University, and qualified as a Canadian Chartered Accountant (inactive).
