SRECTrade Expands Clean Fuel Credit Management into Canada

Posted January 12th, 2023 by SRECTrade.

SRECTrade Pays Fleets under Canada’s Clean Fuel Regulations for Owning and Operating Electric Equipment.

SAN FRANCISCO, CA — SRECTrade, the single partner to manage and transact environmental commodities, announced that it has expanded its management and transaction services to Canada. With these services, SRECTrade and parent company Xpansiv, the premier global market-infrastructure platform for environmental commodities, generate and monetize clean fuel credits to fund budgets to help cover the cost of deploying and operating zero emission vehicles.

In June 2022, Canada launched the Clean Fuel Regulations (CFR), requiring a reduction in the carbon intensity (CI) of transportation fuels by 15% by 2030. This fuel agnostic program provides valuable incentives for transitioning to and operating clean fleets, including EV charging stations, electric and hydrogen buses, trucks and other equipment. The CFR shares many similarities with clean fuel programs across the United States including the California Low Carbon Fuel Standard (LCFS) and Oregon Clean Fuel Program (CFP). To learn more about participating in the Canada CFR, register for SRECTrade’s webinar on January 31 at 10 am PST.

SRECTrade is already serving Canadian companies and multinationals broadening their participation in clean fuel programs. As the largest agent manager of electric vehicle charging and renewable energy assets across North America, the firm’s expansion into Canada solidifies SRECTrade’s continued leadership in the space, providing clients equitable access to clean fuel and renewable energy programs wherever they exist.

“Organizations that act quickly to meet registration deadlines will be among the first to start generating credits this year,” says Steven Eisenberg, Xpansiv’s President of Managed Solutions. Under Canada CFR, there is no retroactive credit generation so the best time to get started is now. To learn more, contact cleanfuels@srectrade.com.

About SRECTrade

SRECTrade is the single partner to source, manage, and transact environmental commodities globally. Founded in 2008, SRECTrade is the largest agent manager of electric (EV) and renewable energy assets across the U.S. With a 99% annual client retention rate, the firm has generated almost a billion dollars in value across more than 64,000 clients while managing over 185,000 clean energy assets on its technology platform. SRECTrade partners with commercial and public entities across a variety of market segments including manufacturing, freight and logistics, warehouse and distribution, maritime, EV charging networks, transit fleets, municipalities, universities, property management companies and others. SRECTrade is a wholly owned subsidiary of Xpansiv, the premier market-based infrastructure platform for environmental commodities.

For information concerning this release, please contact:

SRECTrade
cleanfuels@srectrade.com

Clean Fuels Market Update – November 2022

Posted November 30th, 2022 by SRECTrade.

Check out our November 2022 Clean Fuels Market Update for the latest news on clean fuel programs across North America. Highlights from this edition include: 

  • SRECTrade begins registrations for Canada’s new Clean Fuel Regulations (CFR)
  • CARB holds workshops to discuss significant changes to the LCFS program 
  • Oregon adopts stricter CFP targets

Contact SRECTrade at cleanfuels@srectrade.com to start getting paid for the clean equipment you already own and operate.

Clean Fuels Market Update – August 2022

Posted August 18th, 2022 by SRECTrade.

Check out our August 2022 Clean Fuels Market Update for recent updates on clean fuel programs, pricing trends, regulatory news, grant programs, and more. Highlights from this edition include: 

  • Canada launched a new clean fuel program! The early registration deadline is August 20.
  • The CA LCFS market continues to be very active, with over 3.5 million credits transferred in July alone, the third-busiest month of the program.
  • CARB’s workshop on July 7 provided several key insights into the future of LCFS.

Contact SRECTrade at cleanfuels@srectrade.com to start getting paid for the clean equipment you already own and operate.

Adjustable Block Program – SRECTrade no longer serving as an Approved Vendor

Posted August 10th, 2022 by SRECTrade.

After careful consideration SRECTrade has made the decision to no longer provide Approved Vendor services for new Adjustable Block Program (ABP) eligible projects. This decision was made due to the increasing complexity and cost of servicing new assets under the ABP.

SRECTrade will continue to provide services for applications that were successfully submitted to SRECTrade’s portal before the June 15, 2022 closure. This includes applications that were originally submitted to SRECTrade as non-energized. Understanding that these non-energized applications require the energization information and documentation, SRECTrade will enable Part II of its application for existing customers to allow the submission of these materials. SRECTrade will announce this reopening date once all final changes to the application process have been announced by the IPA and new program administrator. 

SRECTrade remains committed to servicing all existing ABP customers throughout the duration of their 15 year REC contract. Most importantly SRECTrade will continue to make payments to projects scheduled to receive first time or quarterly payments and to work with customers to ensure their systems are meeting their contracted REC obligations.

SRECTrade would like to thank you for your patience and understanding during this transition. SRECTrade looks forward to serving its Designees and existing clients during the remainder of their participation in the ABP.

SRECTrade Passes 1 GW of Clean Energy Assets under Management

Posted August 4th, 2022 by SRECTrade.

On Tuesday, August 2nd, SRECTrade announced that it has surpassed 1 gigawatt (GW) of assets under management.

“This scale demonstrates SRECTrade is the preeminent provider in ensuring clients earn a return on their renewable energy investments,” said SRECTrade Managing Director Janet Mihalyfi. “The gigawatt spans more than 65,000 assets and facilities, including solar, wind, and thermal energy projects. To put this in perspective, 1 GW is equivalent to the electricity usage of approximately 170,000 homes per year.”

SRECTrade is the leading management and transaction platform for Solar Renewable Energy Certificates (RECs) and clean transportation markets across North America. In California’s Low Carbon Fuel Standard (LCFS) program, SRECTrade is the largest independent manager of electric vehicle charging station carbon credits.

“Our expertise enables clients across a variety of complex markets and allows clean transportation, renewable energy, and other low carbon initiatives to be invested in with confidence,” said SRECTrade Managing Director Mike Saxton. “Reaching a carbon free future is possible with SRECTrade.”

“This achievement demonstrates SRECTrade’s leading capabilities across a variety of environmental commodity markets,” said Xpansiv CEO Joe Madden. “It is an integral part of our burgeoning environmental infrastructure.”

SRECTrade’s customers include competitive electricity and fuel suppliers, utilities, clean transportation fleet operators, renewable energy developers and installers, and commercial, industrial, and residential asset owners.

Clean Fuels Market Update – May 2022

Posted May 27th, 2022 by SRECTrade.

Download the May 2022 Clean Fuels Market Update to learn about the latest information on clean fuel programs, pricing trends, policy updates, grant programs, and related news. Highlights from this edition include: 

  • On March 21, the Securities and Exchange Commision (SEC) proposed a rule change that would require public companies to disclose information about how they are measuring and managing climate risks.
  • The California LCFS market saw an increase in the credit bank of nearly 971k credits, the largest ever quarter over quarter increase.
  • Get the newest version of the SRECTrade LCFS Calculator app to estimate credit values through Oregon’s Clean Fuels Program (CFP) and California’s Low Carbon Fuel Standard (LCFS) program.
Click on the newsletter to download.

Contact SRECTrade at cleanfuels@srectrade.com or (415) 763-7732 to start getting paid for your clean fuel assets.

Adjustable Block Program – Temporary Closure of SRECTrade Application

Posted May 23rd, 2022 by SRECTrade.

On May 16, 2022, the Illinois Power Agency (IPA) announced that subject to available capacity, currently open Small and Large Distributed Generation blocks will remain open until July 1, 2022. The Adjustable Block Program will then pause its acceptance of applications. 

The Program Administrators will start accepting Part I applications on September 1st, and Part II applications by November 1st. Please note that the Part II application may reopen sooner than November if feasible. 

You can find more information on the IPA’s decision here. Most notably, the Long-Term Plan is expected to be approved on July 14, 2022, and all applications submitted to the Program on or after September 1, 2022 will be subject to new or revised Program requirements outlined in the Long-Term Plan. 

As a result of the Adjustable Block Program closing its application, SRECTrade has made the decision to temporarily shut down its own application on June 15, 2022, at 5 PM CT. SRECTrade cannot guarantee submission of applications to Part I or Part II prior to the Program’s July 1st close. 

The closure of SRECTrade’s application will allow for SRECTrade to properly incorporate any required changes that arise with the passage of the Long-Term Plan. SRECTrade will announce the reopening date of its application once the changes have been confirmed and updates have been implemented. 

SRECTrade believes that the closure of its application is the most efficient path to application submissions. The temporary closure will mitigate the need to retroactively collect information for applications that is not currently required but will become required after the passage of the Long-Term Plan. 

Adjustable Block Program – Group A Large Distributed Generation (DG) Block 5 Closed

Posted March 30th, 2022 by SRECTrade.

Group A Large DG Block 5 closed on March 29, 2022 at 11:59 PM CT. Any Group A Large DG applications that were Part I submitted and batched prior to the closure were placed in Block 5. 

Group A Large DG applications Part I submitted and batched will now be added to the waitlist. Applications can be selected off of the waitlist as other applications withdraw and open capacity.

The addition of future blocks is dependent on the passage of the 2022 Long-Term Renewable Resources Procurement Plan.

Adjustable Block Program – Opening of SRECTrade’s Application for Energized Projects – Demographic and Geographic Data Now Required 

Posted March 16th, 2022 by SRECTrade.

On February 16, 2022, the Adjustable Block Program (ABP) issued an announcement stating that Demographic and Geographic Data will now be collected via the Part II application.

On February 25, 2022, SRECTrade made the announcement that its ABP application would be temporarily closed to energized projects to allow the appropriate changes to be made to our application so that it could collect the new Demographic and Geographic Data requirements. 

SRECTrade’s application has now been updated, and is open to energized and non-energized applications. 

The application requires the Demographic and Geographic Data for energized systems that are interconnected after September 15th, 2021.  

Adjustable Block Program – Opening of SRECTrade’s Application for Non-energized Projects

Posted February 25th, 2022 by SRECTrade.

On February 23rd, SRECTrade made the announcement that it would be temporarily closing its website to all ABP (Adjustable Block Program) submissions so that the appropriate changes can be made regarding the newly enacted demographic and geographic data requirements for Part II of the ABP application.

In hopes of mitigating the delay of Part I applications, effective immediately, SRECTrade’s application portal will allow applications to be submitted for non-energized projects until further notice. An update will be released regarding the reopening of SRECTrade’s application portal for energized projects in the near future.