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PROGRAM OVERVIEW

Get paid to reduce fleet emissions with Smart Rebates™

Smart Rebates™ is an energy rebate program managed by Smart Charging Technologies (SCT) designed to help companies capitalize on dormant revenue opportunities generated by low-carbon fueled forklift trucks, MHE, and transportation fleets under California’s Low Carbon Fuel Standard (LCFS) and Oregon’s Clean Fuels Program (CFP). By using alternative fuels to power industrial transportation fleets, companies can generate quarterly revenue streams from the energy credits they accrue under the LCFS and CFP.

PROGRAM BENEFITS

Why Smart Rebates™?

By participating in the Smart Rebates™ program, your company can generate energy credits by using low-carbon-based fuels like electricity or hydrogen to power forklifts, MHE, and transportation fleets. Depending on your fleet size, vehicle type, usage, and fuel origination, typical quarterly earnings can range between $75 to $300 (or even more) per truck for as long as your company remains enrolled and qualifies for LCFS & CFP energy credits.

Smart Rebates™ is a no-cost program and only requires your company to provide SCT or our service providers with access to your site and equipment usage data.

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WHAT WE DO

Our role

SCT and our service providers will partner with your company to:

How the program works

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HOW TO PARTICIPATE

How can your company enroll in Smart Rebates™?

Companies interested in Smart Rebates™ must first opt-in by signing the Participation Agreement and allow SCT or our service providers to survey your site to assess and collect your forklift truck, MHE, transportation fleet, and battery charger data. Once your company is deemed eligible for Smart Rebates™, you’re only required to provide us with quarterly changes to your fleet.

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Smart Rebates Program

The Smart Rebates™ program is an energy rebate program managed by Smart Charging Technologies LLC (SCT) that allows our client companies to receive rebates from the California Air Resources Board (CARB) through the Low Carbon Fuel Standard (LCFS). To alleviate the complexity of navigating the CARB and LCFS program, SCT will administer and manage these rebates on behalf of our client companies while allowing customers to receive a steady stream of revenue from the LCFS program. SCT services will be fully covered from LCFS revenue streams with no out of pocket costs to our customers.

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Benefits to Our Client Companies

As a participant in the program, your company will receive quarterly payments based on the electricity used by forklifts and other material handling equipment (MHE). Typical earnings vary depending on type of equipment and usage and can range from $75 to $300 (or even more) per truck per quarter for as long as your company remains enrolled and qualifies for LCFS credits. Payments are made on a quarterly basis and are typically paid out within ~3 months after the end of the reporting quarter. Note that electricity usage, and subsequent earnings, can vary due to several factors such as equipment mix (class 1/2/3 trucks), load weights and lifting heights, duty cycle, battery charger efficiency, and business seasonality.

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SCT’s Role

SCT will partner with our client companies and work with our partners and service providers to:

SCT will administer the rebates program, generate and file required reports, generate credits, aggregate your company’s credits with credits generated by other Smart Rebates™ participants, sell the aggregated credits to regulated parties, and send payments to the client company.

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Client companies must opt-in and give SCT permission to manage their environmental attributes

An environmental attribute is generated from each kWh of electricity used in your electric forklift trucks and certain other electric or alternative-fueled vehicles and equipment. Smart Charging Technologies will then sell the environmental attributes on a quarterly basis to create revenue for the companies that enroll and opt-in to Smart Charging Technologies Smart Rebates Program.

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