USA: Andretti Group to install hydrogen dispensers at its stations
The legendary racing and petroleum group has partnered with PowerTap for the installation of the hydrogen fuelling technology.
PowerTap Hydrogen Fueling will install modular hydrogen fueling stations the State of California in partnership with the Andretti Group.
Under the agreement PowerTap will install its 1,250-kilogram hydrogen production and dispensing fueling stations at certain Andretti Group Californian properties. The Andretti Group has over 100 company-owned and operated gas stations in the United States with 39 in California.
“We are delighted to partner with the incredible team at the Andretti Group to bring our innovative and cost-effective hydrogen fuel technology to their gas stations locations, starting in California. We are also confident that the Andretti Group will be a strong exclusive distribution partner as we build out our 500+ station network across the USA,” said Raghu Kilambi, CEO of PowerTap.
Hydrogen currently supplies less than5% of the world’s energy, but according to a recent report in the Wall Street Journal, this could reach nearly 25% of global energy consumption by 2050 and generate more than US $2.5 trillion in direct revenue annually in that time.
“Given our long family lineage around the automobile, we are thrilled to be on the vanguard of new transportation technology - especially in this very exciting and promising area of Hydrogen Fuel Cells. We are always energized at being first in the application of innovative technologies,” said Mario Andretti, Chairman.
The Andretti Group will exclusively introduce and distribute PowerTap to the Andretti Group's deep network of major oil companies, chain retailers, cardlock operators, and independent fueling stations.
