LCFS Credits
An alternative revenue stream.
The Low Carbon Fuel Standard (LCFS) Program
Administered by the California Air Resources Board (CARB), the LCFS program is designed to reduce the greenhouse gas emissions of transportation fuels including gasoline, diesel and other alternatives. CARB is targeting a 20% reduction in the carbon intensity of the transportation fuel pool by 2030.
Partnering with Smart Charging Technologies (SCT), we help companies generate alternative revenue by selling LCFS credits at top value.
Over $10M in rebates generated per quarter.
SCT is the 2nd largest fuel reporting entity in California, generating the state’s highest average rebate per forklift or material handling equipment type.
Material handling equipment eligible for LCFS credits.
-
Electric Forklift Charging
-
Electric Vehicle Charging
-
Electric Reefer Trailer Charging
Creating and selling a credit.
Fuel Reporting Entities are regulated parties that are registered with the California Air Resources Board. On a quarterly basis, Entities collect data on the kWh usage of electric forklifts as well as other material handling equipment and translate that usage into a credit value under CARB's prescribed formulas.
The credits are then aggregated and sold to other regulated parties, including petroleum importers, refiners, and wholesalers with carbon intensities (Cls) higher than the target limits set by CARB. They must buy credits under LCFS to meet their Cl limits mandated by CARB.
