Mr. Frank Carnevale reports

CLEANTECH POWER CORP. PROVIDES UPDATES ON FRANKFURT STOCK EXCHANGE SYMBOL AND GENIUS ENERGY HUB LETTER OF INTENT

Cleantech Power Corp., previously named Alkaline Fuel Cell Power Corp., now trades on the Frankfurt Stock Exchange in Germany under the symbol E43 and the securities identification No. (in German: Wertpapierkennnummer or WKN) A3EEHV. Additionally, Cleantech Power has progressed with its previously announced letter of intent by acquiring the Genius AI electric breaker panel.

"Our pathway to fuel cell commercialization success includes the integration of supporting cleantech," stated Frank Carnevale, chief executive officer of Cleantech Power. "I look forward to assessing the additional potential of integrating the Genius energy hub into our future fuel cell products."

"Genius has proven to be a game-changer in the energy industry," said Vic Burconak, chief executive officer. "By integrating with fuel cell technology, we are providing a more efficient and effective way to generate power, while also enhancing the safety and reliability of the system. Our customers can expect to enjoy the benefits of a clean and reliable power source, with the added convenience and peace of mind provided by Genius."

Cleantech Power has procured the Genius energy hub for use in the Festival Hydro fuel cell pilot announced on April 20, 2023. Cleantech Power has purchased the Genius energy hub for approximately $5,000, to ensure immediate access to a unit in a dwindling inventory. Genius energy hub is expected to integrate with the Cleantech Power Jupiter 1.0 fuel cell prototype to monitor and control the Jupiter 1.0's power output with greater precision, allowing for maximum efficiency and reducing the risk of overloading the system. Genius energy hub may be used in other pilot site or Cleantech Power business if opportunity presents itself priory to the Festival Hydro pilot.

2023 priorities

As per the March 6, 2023, announcement of list of 2023 priorities, Cleantech Power is intending to use the Festival Hydro Pilot toward demonstrating the enhanced value to customers and potential partners and distributors, thus aimed to deliver nearer term fuel cell sales quicker than previously anticipated.

The integration with the Genius energy hub enables more control of multiple power inputs, thus enabling a more rapid path toward customer adoption opportunities when fuel cells are made available for sale.

Cleantech Power has access to approximately $5-million in debt financing, and intends to support costs in strategic fuel cell pilots.

Additional fuel cell pilots are being discussed with other parties.

As announced on April 4, 2023, Cleantech Power is currently working toward securing its fuel cell assets held at Fuel Cell Power NV (FCP NV) in Belgium, and utilize such assets in connection with various pilot projects in 2023 and 2024.

About Alkaline Fuel Cell Power Corp.

Alkaline Fuel is a diversified investment platform, developing affordable, renewable and reliable energy assets and cleantech. It brings power to the people today, combining a stable revenue stream with a future-forward vision to commercialize its advanced hydrogen fuel cell technology to meet the massive global market need and ultimately generate compelling returns for investors.

Alkaline Fuel is well positioned to deliver power to the people in the global energy transition while offering a diversified cleantech growth platform for investors.

Common shares are listed for trading on the NEO Exchange under the symbol PWWR, on the OTC Venture Exchange OTCQB under the symbol ALKFF and on the Frankfurt Stock Exchange under symbols 77R and WKN A3CTYF.

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