News & Media
Dependable Supply Chain Services Partners with SRECTrade to Power its California Electric Vehicle Fleet with 100% Renewable Energy
Dependable Supply Chain Services (“Dependable” or the “Company”), a large West Coast regional LTL carrier in California, has partnered with SRECTrade, Inc. to power its electric transportation fleet with 100% renewable electricity.
As a proud 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.
“The California Low Carbon Fuel Standard market has been a great incentive to drive us to seriously consider and adopt electricity as a fuel as a viable option for our fleet operations. Working with SRECTrade has allowed us to easily navigate the complexities of managing our LCFS credits and earn more value by powering our fleet with renewable electricity,” said Troy Musgrave Dependable’s Director of Process Improvement.