Archive for the ‘Low Carbon Fuel Standard’ Category

Leader Lazer Spot Funds Electric Truck Operations with 100% Renewable Electricity

Posted October 6th, 2021 by SRECTrade.

Yard Management’s Industry Leader Accelerates Drive to Eliminate Emissions

SRECTrade’s turnkey solution help fund Lazer Spot’s continued deployment and operation of zero-emission yard trucks using renewably generated electricity

ALPHARETTA, GA and SAN FRANCISCO, CA, October 6, 2021 – Today Lazer Spot announced its partnership with SRECTrade to advise and manage the company’s environmental commodities as part of further accelerating Lazer Spot’s long-time drive to reduce vehicle emissions. As the leader in the spotting industry Lazer Spot has reduced emissions for years, operating 100% electric yard trucks since 2017. Informed by these early trials, Lazer Spot has accelerated the deployment of 100% electric yard trucks aided by SRECTrade’s work to optimize funding provided by environmental commodity programs like California’s Low Carbon Fuel Standard (LCFS).

Lazer Spot has led the reduction of vehicle emissions since 2015 with an Idle Reduction Initiative that improved the overall health of its fleet, saved on fuel and reduced emissions. The company now is ahead of the standard industry idle time by almost 30%, saving over 1.5 million gallons of fuel and eliminating over 32 million pounds of CO2 emissions. Two years into this initiative Lazer Spot began deploying its first all-electric yard trucks and is now more aggressively transitioning its fleet while successfully balancing the benefits against higher initial deployment costs.  

SRECTrade’s ability to source renewably generated electricity to power electric trucks is a key part of Lazer Spot’s sustainability strategy. “We wanted a turnkey solution from a partner that could help educate, advise and operationalize these tough new regulatory programs,” said David Stringer, Vice President of Innovation at Lazer Spot. “We also recognized that with our scale, we must leverage every resource to make the tech more affordable, approachable and ultimately more sustainable for our customers and the communities in which we operate – the very same communities in which we live.”

Stringer noted that the transition to EVs has been cost effective and beneficial in many ways. The zero-emission vehicles have led to more efficient workdays, safer working conditions, and greater employee retention. Stringer reflects on Lazer Spot’s transition to renewable energy, saying, “there doesn’t have to be a compromise.” It’s a win for everyone: employees, customers, the environment…and the bottom-line.

SRECTrade advises on and manages Lazer Spot’s environmental commodity portfolio maximizing benefits from complex clean fuel and renewable energy programs – both financial and strategic – as the firm accelerates efforts to decarbonize across its network. Lazer Spot plans to deploy over 30 trucks by the end of 2021 with a goal to get to 100 trucks in 2022.

About Lazer Spot

Lazer Spot is the leading provider of yard management in North America, working at 400+ sites in the USA and Canada for leading manufacturers and retailers. Our task is to move trailers safely and reliably around the yards of our customers’ production plants and distribution centers or between those and outside trailer yards to ensure that each trailer arrives and leaves the correct dock door on a just in time basis. Our name is because we are Lazer focused on customer satisfaction, reliability and safety.

About SRECTrade, Inc.

SRECTrade provides trusted advice, management services, and technology to fund budgets and accelerate deployment of clean transportation and renewable energy assets managing credit generation, sale, and payment under complex regulatory programs. SRECTrade is the largest agent manager of EV assets for the California Low Carbon Fuel Standard (LCFS) and has earned an annual client retention greater than 99% with more than 54,000 unique assets under management and more than 175,000 clean energy assets managed on its technology platform. With presence across 14 regulated markets and 20 tradable products in North America, SRECTrade provides a single partner to accelerate adoption of clean energy and clean transportation equipment and minimizing the time, cost, and risk associated with environmental commodity programs.

The press release can also be found HERE.

Clean Fuels Market Update – August 2021

Posted August 25th, 2021 by SRECTrade.

The August 2021 Clean Fuels Market Update covers everything you need to know about clean fuel programs across North America. Highlights from our newsletter include: 

  • Q12021 saw an increase in deficits generated compared to credits issued
  • DC Fast Charging Infrastructure (FCI) credit issuance doubled in Q12021 
  • SRECTrade now offers renewable energy sourcing in the Oregon CFP
  • EV Charging approved to generate credits in British Columbia starting 2022

Reach out to SRECTrade at cleanfuels@srectrade.com or (415) 763-7732 Ext. 4 to start generating revenue from your clean fuel assets.

Clean Fuels Market Update – May 2021

Posted June 2nd, 2021 by SRECTrade.

The May 2021 Clean Fuels Market Update covers everything you need to know about clean fuel programs across the nation. Some highlights of our quarterly newsletter:

  • Q4 2020 saw California LCFS credit generation outpace deficit generation, with the credit bank increasing 4.8% between Q3 2020 and Q4 2020. (Note: LCFS credits are issued on a delayed quarterly schedule; the most recent credit issuance was on April 1 for fuel consumption in Q42020)
  • Electricity as a fuel has been increasing in its market share, aside from the dip at the beginning of the pandemic in Q1 2020
  • Steady credit pricing for the California LCFS in Q1 2021, with some fluctuation in Q2 2021 as credit prices dipped as low as $173 between March and April, far from its historic highs of $202 per credit.
  • Oregon CFP now allows the use of renewable energy credits (RECs) to claim zero-carbon electricity
  • Washington state is the next state to adopt a clean fuels program, aiming to reduce transportation emissions by 20% by 2035, with 2017 as the baseline
  • Federal, state, and regional grant programs available in California and across the country as regulators push for the transition to zero-emission vehicles and equipment
  • Learn about Fast Charging Infrastructure (FCI) crediting and how LCFS credits can lower your capital expenditure in DCFCs
Screenshot of page 1 of LCFS market update.

City of Porterville Partners with SRECTrade to Accelerate Adoption of Zero-Emission Fleet

Posted April 7th, 2021 by SRECTrade.

City of Porterville, CA Accelerates Adoption of Zero-Emission Vehicles with Revenue from LCFS Credits Managed
and Monetized by SRECTrade

Rapidly Advancing Porterville’s Top Priority – Improved Air Quality

PORTERVILLE, CA, April 7, 2021 – The City of Porterville and SRECTrade today announced key milestones and plans to continue reducing carbon emissions and improving air quality for area residents. Porterville is rapidly electrifying its fleet and getting paid to do so by SRECTrade via the California Low Carbon Fuel Standard (LCFS) program. In a region battling air pollution, the municipality has taken bold steps to deploy zero- and near zero-emissions fleet equipment by deploying Compressed Natural Gas (CNG) buses and electric buses, as well as light-duty charging stations that generated more than $65,000 of LCFS credits in 2020, and with higher post-COVID use could generate more than $100,000 in 2021.

As a visionary and early adopter of alternative fuels among municipalities, Porterville, located in the San Joaquin Valley, deployed its first CNG bus in 2010 and first electric bus in 2018. Porterville’s fleet today consists of 10 battery-electric buses, 12 battery-electric vans, 10 200kW DC Fast Chargers and six Level-2 public charging stations, with 14 additional DCFC stations under construction, that reduce total cost of ownership and enable quicker adoption, while also creating a healthier future for the community. By 2024 Porterville plans to convert its entire fleet to electric and provide more public-access charging infrastructure for residents.

“The key was taking those first steps – it was hard work, but more doable than anyone thought,” said Transit Manager Richard Tree. “A wealth of resources existed to help us move forward. Getting started quickly showed what was possible technologically and financially. We learned, adjusted, and kept moving forward.” Tree emphasized the advantage of engaging resource partners with the knowledge and capabilities required to help address the challenges encountered when planning, funding, deploying, and managing zero-emission transportation equipment and infrastructure.

These cleaner vehicles also save money. Electric fuel and maintenance costs have been reduced by about 80% and 75%, respectively. Grant and incentive programs such as the California LCFS program supported the city’s initial deployment while also providing an ongoing revenue stream and offsetting electricity costs. In the past year alone, the City of Porterville generated an average of $0.21/kWh from its electric fleet.

“The City of Porterville has demonstrated committed leadership in its drive to reduce carbon emissions. We’ve been happy to play our role on this very driven team,” noted Mike Saxton, SRECTrade Managing Director. “SRECTrade plugged in to manage and monetize LCFS credits generated by Porterville’s eligible equipment. The higher dollars we pay organizations directly support our mission to help fund continued deployment of zero-emission equipment.”

Porterville has set its sights on even bolder clean energy goals, exploring solar generation, energy storage, renewable electric vehicle chargers, and electric vehicle and charger programs that would help its residents make the switch to electric vehicles. SRECTrade will continue supporting the municipality through its expertise in environmental commodities and transparent reporting of the value being generated.

About City of Porterville

Porterville is a city in the San Joaquin Valley, in Tulare County, California. It is part of the Visalia-Porterville metropolitan area. Located between Fresno to the north and Bakersfield to the south, Porterville serves as a gateway to Sequoia National Forest, Giant Sequoia National Monument, and Kings Canyon National Park. The city has a population of nearly 60,000.

About SRECTrade, Inc.

SRECTrade provides trusted advice, management, and technology to maximize financial and environmental benefits of environmental commodities for the owners of clean transportation and renewable energy assets. We manage all credit generation and sale to get companies paid in compliance with complex regulatory programs. SRECTrade is the largest agent manager of EV assets for the California Low Carbon Fuel Standard (LCFS) and has earned an annual client retention greater than 99% with more than 54,000 unique assets under management and more than 150,000 clean energy assets utilizing its proprietary technology platform. With presence across 10 regulated markets and 20 tradable products in North America, SRECTrade helps accelerate the adoption of clean energy and clean transportation equipment by minimizing the time, cost, and risk associated with realizing program benefits.

The press release can also be found HERE.

LCFS Market Update – February 2021

Posted February 23rd, 2021 by SRECTrade.

Throughout the fourth quarter of 2020, the California Low Carbon Fuel Standard (CA LCFS) market demonstrated steady credit prices between $193 – $199 per credit. On January 29 the California Air Resources Board (CARB) released the Q3 2020 credit and deficit report. There was an overall increase in deficits and credits generated in Q3 2020 as well as a 1.5% increase in the cumulative bank. SRECTrade has been engaged with new clean fuel programs that are considering legislation across North America. The enclosed update provides highlights on news impacting the market, a recent price trend overview, clean fuel program updates, and a closer look at the Q3 2020 credit and deficit report.

SRECTrade helps you get paid on the use of zero-emission vehicles and fueling equipment that you already own, such as electric light-duty vehicles, forklifts, trucks, and charging stations. The regulations are complex and the benefits are hard to access – we make it easy for you. SRECTrade is the largest agent manager of EV assets for California’s Low Carbon Fuel Standard (LCFS) and the trusted partner across North America for similar programs already redefining equipment plans and budgets. With 150,000+ assets on its tech platform, SRECTrade manages 20 traded products in 10 regulated markets with > 99% client retention. Through SRECTrade you get paid and accelerate deployment of clean energy and transportation equipment, while minimizing time, cost, and risk of complex and diverse regulatory programs.

LCFS Market Update – November 2020

Posted November 22nd, 2020 by SRECTrade.

The California Low Carbon Fuel Standard (CA LCFS) market exhibited steady credit prices in the third quarter of 2020. Throughout the quarter, credit prices remained steady around ~$195 per credit. On October 31 the California Air Resources Board (CARB) released the Q2 2020 credit and deficit report. There was an overall drop in deficits and credits generated in Q2 2020 as well as a smaller draw upon the cumulative bank most likely due to impacts of COVID-19. The enclosed update provides highlights on news impacting the market, a recent price trend overview, and a closer look at the Q2 2020 credit and deficit report.

SRECTrade offers LCFS credit management and brokerage services to electric vehicle (EV) fleet operators, OEMs, EV charging station owners, and other clean fuel asset owners. We help our clients navigate the entire LCFS process including asset registration, ongoing reporting requirements, transacting, settlement, and remittance of funds. Our domain expertise in environmental commodity markets allows us to provide our clients with industry leading regulatory and market knowledge. Please reach out to cleanfuels@srectrade.com or (415) 763-7732 x 4 for more information.

CA LCFS Market Update – August 2020

Posted August 10th, 2020 by SRECTrade.

The second quarter of 2020 was characterized by a steady rebound from the March COVID-19 slump in the California Low Carbon Fuel Standard (CA LCFS) market. Credit pricing remained strong throughout June 2020, with spot pricing sustaining levels over ~$200 per credit. On July 1, the California Air Resources Board (CARB) imposed a maximum cap on LCFS credit prices for 2020 at $217.97 per credit. The enclosed update provides highlights on news impacting the market, a recent price trend overview, and a closer look at the Q1 2020 credit and deficit report released by CARB at the end of July.

SRECTrade offers LCFS credit management and brokerage services to electric vehicle (EV) fleet operators, OEMs, EV charging station owners, and other clean fuel asset owners. We help our clients navigate the entire LCFS process including asset registration, ongoing reporting requirements, transacting, settlement, and remittance of funds. Our domain expertise in environmental commodity markets allows us to provide our clients with industry leading regulatory and market knowledge. Please reach out to cleanfuels@srectrade.com for more information.

Introducing our LCFS Credit Calculator App

Posted July 9th, 2020 by SRECTrade.

We are happy to announce the launch of the SRECTrade LCFS Credit Calculator app to model your clean fuel vehicle’s annual credit allowance and projected value in the Low Carbon Fuel Standard (LCFS) program.

Once downloaded, follow three simple steps to build a model of your estimated annual gross value from LCFS credit sales.

The app allows you to share your model results via automated email and easily connect with SRECTrade directly from within the app if you have further questions or want to find out more about our management and software services.

The app is available on the Apple App Store and Google Play Store.

CA LCFS Market Update – May 2020

Posted May 8th, 2020 by SRECTrade.

The first quarter of 2020 showcased both record high pricing and a COVID-19 slump in the California Low Carbon Fuel Standard (CA LCFS) market. Credit pricing remained strong throughout January and February 2020, with spot pricing sustaining levels over ~$200 per credit and some transactions executed above the previously implied ~$213 cap. In mid-March, LCFS credit pricing dropped nearly 20% from ~$210 to approximately $170 per credit due to the impact of COVID-19. The enclosed update provides highlights on news impacting the market, a recent price trend overview, and a closer look at the Q4 2019 credit and deficit report released by CARB at the end of April.

SRECTrade offers LCFS credit management and brokerage services to electric vehicle (EV) fleet operators, OEMs, EV charging station owners, and other clean fuel asset owners. We help our clients navigate the entire LCFS process including asset registration, ongoing reporting requirements, transacting, settlement, and remittance of funds. Our domain expertise in environmental commodity markets allows us to provide our clients with industry leading regulatory and market knowledge. Please reach out to cleanfuels@srectrade.com for more information.

Low Carbon Fuel Standard (LCFS) Program Overview Video

Posted March 5th, 2020 by SRECTrade.

At SRECTrade, we strive to make the Low Carbon Fuel Standard credit market straightforward and easy to understand. We focus on accelerating the adoption of clean fuels by providing services and technology that minimizes the time, cost, and risk associated with achieving the benefits from LCFS credits.

We are happy to announce that we have released an educational video on the Low Carbon Fuel Standard (LCFS) Market and how fleet operators can take advantage of its benefits.

To view the video, please click the image below.