Archive for June, 2020

SRECTrade Partners with Dependable Supply Chain Services

Posted June 16th, 2020 by SRECTrade.

SRECTrade is excited to announce a partnership with Dependable Supply Chain Services to power its electric transportation fleet with 100% renewable electricity and manage its portfolio of environmental commodities. A full press release can be found here.

As a partner in the Volvo LIGHTS program, Dependable has adopted a fleet of electric yard tractors, Class-8 electric trucks, electric forklifts and light duty charging stations to demonstrate the logistical and financial feasibility of transportation electrification in the 3PL industry. The electric fleet has been deployed at a variety of Dependable facilities in the Southern California region.

As part of Dependable’s transition to a clean fuel fleet, SRECTrade is leading the Company’s efforts to manage and maintain its portfolio of California Low Carbon Fuel Standard (LCFS) credit generating assets. The LCFS credits are monetized to help facilitate the return on investment in the low carbon vehicles and offset fuel and operational costs associated with the fleet. By pairing Dependable’s electricity consumption with renewable energy, the Company has been able to generate additional quarterly incentive revenue equivalent to approximately $0.25 per kWh.

In addition to electrifying its fleet, Dependable is developing an on-site solar energy facility to power their expanding fleet of EV assets. Investing in on-site renewable generating capacity will further demonstrate grid independence and mitigate energy costs.

We look forward to continuing our relationship with Dependable and providing them the support they need to continue their adoption of clean transportation assets.

SRECTrade’s Commitment To Do Better

Posted June 10th, 2020 by SRECTrade.

We are outraged and heartbroken by the murders of George Floyd, Breonna Taylor, Ahmaud Arbery, Tony McDade, and countless others. These events, associated with deep-rooted racism throughout the United States, are one of many injustices against the Black community that we will not stand for.

Black, Indigenous and People of Color (BIPOC) continue to be disproportionately impacted by climate change. Their communities tend to be overwhelmingly impacted by poor air quality and carbon-intensive energy and transportation resources. As a company committed to doing our part to help clean energy become a reality, we recognize that this means we must be equally committed to addressing racial inequalities.

SRECTrade currently does not reflect the diversity it should. We acknowledge that our company would not be here without the environmental justice movement spurred forward by predominantly BIPOC communities fighting for environmental protection and equity. We are committed to using our platform to drive change and push ourselves to listen and learn more in order to tangibly exemplify our support to the Black Lives Matter movement.

To demonstrate our immediate support, we have donated $5,000 to The Greenlining Institute and $5,000 to the NAACP Legal Defense and Educational Fund, Inc.

To implement internal change, we have formed a diversity, equity, and inclusion (DEI) committee to continue contributing to open dialogue about racism. This committee will also help us address our human resources, vendor, and engagement practices. We are also reevaluating our recruiting and retention practices to promote hiring of diverse talent and ensuring our culture is inclusive and equitable.

Lastly, our DEI committee is evaluating long term projects to engage our employees to continually show our support to the Black Lives Matter movement.

This statement is a promise that as a company we will put in the hard work and time to hold ourselves more accountable in order to meaningfully contribute to and fight for racial justice.

We stand in solidarity with the Black community.