Global Logistics and Transportation Services Leader Paves the Way for Reducing Emissions in the Marine Ports Sector

Posted March 9th, 2023 by SRECTrade.

The Pasha Group Partners with SRECTrade to Decarbonize through California’s LCFS Program

Pasha Hawaii’s LNG-powered George III on its maiden voyage to Honolulu in August 2023

SAN RAFAEL and SAN FRANCISCO, CA — Today The Pasha Group announced its partnership with SRECTrade to transition to low- and zero-emission equipment across its West Coast operations. The logistics and transportation services leader is partnering with SRECTrade to generate and monetize carbon credits from electric vehicles and equipment under the California Low Carbon Fuel Standard (LCFS)

The Pasha Group has led the transition to renewable energy in the marine ports sector through many projects and initiatives over the last five years, through initiatives to retrofit forklifts, drayage trucks, terminal tractors, and on-road EV trucks in California, the installation of dozens of charging stations, and a microgrid. The company has also conducted Terminal Equipment demonstration and prototyping projects in the Port of Los Angeles and serves on goods movement Technical Advisory Committees for the California Energy Commission. The Pasha Group and its partners have accomplished milestones in the marine port transition to clean energy such as approving and performing the first hydrogen refueling for a hydrogen powered vessel.

The Pasha Group continues to pave the way in electrifying ports with the support from incentives like LCFS, a market-based compliance program that provides ongoing funding to entities operating electric and hydrogen equipment. SRECTrade’s expert advisory and technology-enabled services make participation in complex compliance programs simple, rewarding, and transparent. 

“SRECTrade is a valuable partner, providing our team with up-to-date information and opportunities to incorporate sustainability practices into our operations,” says George Pasha, IV, President and CEO. “Our partnership with SRECTrade contributes to our mission of moving forward as quickly as possible with our ESG goals.”

For companies still looking to benefit from clean fuels programs, The Pasha Group advises getting started now and working with a trusted partner like SRECTrade. To learn how much you can earn from clean fuel programs, contact SRECTrade at cleanfuels@srectrade.com.

About The Pasha Group

Established in 1947, The Pasha Group is a family-owned, third-generation diversified global logistics and transportation company that provides ocean transportation for containers and rolling stock between the U.S. West Coast and Hawaii; port processing services for finished and privately owned vehicles; stevedoring for vehicles, breakbulk and container cargos; auto hauling services with its truck fleet throughout the contiguous U.S.; domestic and international relocation services; and international logistics management for general commodity and project cargoes.

About SRECTrade

As the leader in environmental commodity management, SRECTrade provides full-service management and transaction solutions across a variety of renewable energy and clean fuel programs. The company is the largest third-party manager of EV charging assets under the California Low Carbon Fuel Standard. SRECTrade’s parent company, Xpansiv, provides market infrastructure to rapidly scale the world’s energy transition. Xpansiv operates CBL, the largest spot exchange for environmental commodities, including carbon credits and renewable energy certificates.

The Pasha Group

about@pashanet.com     

B24-0950 – Local Solar Expansion Amendment Act of 2022

Posted January 30th, 2023 by SRECTrade.

The Local Solar Expansion Amendment Act of 2022 was introduced on July 14, 2022. This bill will increase the Solar Renewable Portfolio Standard (RPS) target from 10.00% to 15.00% by 2041. It will also adjust the current Alternative Compliance Payment (ACP) schedule. Below is the proposed schedule:

 Current RPS RequirementProposed RPS RequirementCurrent ACPProposed ACP
20232.85%3.00%$500$500
20243.15%3.65%$400$480
20253.45%4.30%$400$460
20263.75%5.00%$400$440
20274.10%5.65%$400$420
20284.50%6.30%$400$400
20294.75%7.00%$300$380
20305.00%7.65%$300$360
20315.25%8.30%$300$340
20325.50%9.00%$300$320
20336.00%9.65%$300$300
20346.50%10.30%$300$300
20357.00%11.00%$300$300
20367.50%11.65%$300$300
20378.00%12.30%$300$300
20388.50%13.00%$300$300
20399.00%13.65%$300$300
20409.50%14.30%$300$300
204110.00%15.00%$300$300

This bill passed two council votes in December and was approved during the mayoral review period. The Congressional review period is the final step and is expected to complete in the next 2 months.

The DC SREC market has experienced oversupplied market conditions, which have resulted in a lack of liquidity and lower SREC prices. Increasing the RPS will help with this oversupply issue. Additionally,  a more gradual decrease to the ACP schedule will support higher SREC prices. The passage of this bill would put DC in the position of having the most highly valued SREC compliance market in the United States. 

Adjustable Block Program – Reopening of SRECTrade’s Part II Application

Posted January 25th, 2023 by SRECTrade.

On June 15, 2022, SRECTrade temporarily shut down its own Adjustable Block Program (ABP) application as a result of the ABP closing its application. 

On August 10, 2022, SRECTrade announced that it would be retiring as an Approved Vendor in the ABP. As previously stated, 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. 

On Thursday, January 26, 2023, at 10 AM CT, SRECTrade will enable Part II of its application for existing customers to allow the submission of Part II/energization information and documentation.

The SRECTrade ABP application has been updated to reflect the changes made to the Part II ABP application by the Program Administrator. These changes include the following: 

  • Requirement of the “Construction activities completion date” – date of which construction for the project was completed. 
  • “Proof of Construction Completion Date” document upload – required for non-residential projects with a “Construction activities completion date” on or before September 15, 2021, but a “Utility interconnection date” after September 15, 2021. The Prevailing Wage Act defines ‘construction’ to include maintenance, repair, assembly, or disassembly work performed on equipment. 
  •  “Proof of Revenue Grade Metering” document upload – required if “Revenue Grade” is selected for “Meter accuracy”. All projects > 10 kW AC are required to utilize a Revenue Grade Meter. 
  • “Unavailability of Net Metering Credits” document upload – required if “This facility is not enrolled in Net Metering” is selected. 
  • Addition of “Employee Declines to Identify” fields for Hours worked by Race and Hours worked by Ethnicity in the Demographic Data portion. 

Application review times will be influenced by the number of Part II applications submitted. SRECTrade anticipates a large influx of applications and we appreciate your patience.

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.