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JULY 2023 EDITION Welcome to the Smart RebatesTM Newsletter We welcome you to the July 2023 edition of our Smart RebatesTM Newsletter This month s edition will cover rebates updates for Q1 2023 changes to the Clean Fuels Program in OR and WA States as well as updates to the CA program SMART REBATES Q1 2023 LCFS and CFP Rebate Payments are on The Way Smart Charging Technologies LLC SCT are pleased to announce that we have completed the reporting and sales of the LCFS CFP credits for all of SCT s Smart Rebates customers for Q1 2023 Smart Rebates customers should expect their rebate payments over the next three to four weeks as SCT partners sales rep visit your site to distribute rebate checks Regulation Updates to the California Clean Fuel Standard The California Air Resources Board CARB is in the process of finalizing changes to the Low Carbon Fuel Standard LCFS regulations It is expected that the new changes to the LCFS program will be adopted in late fall 2023 and will go into effect in early 2024 Among the most relevant regulation changes are 1 CARB seems to be poised to adopt a higher average carbon intensity CI reduction target of 30 or even 35 by 2030 up from the current 20 target This should create more demand for LCFS credits and potentially increase LCFS credit prices 2 CARB will be adopting price ratcheting mechanisms to improve LCFS credit prices Different proposals are being considered This should also stabilize the LCFS credit pricing an assure investors a longer term price stability 3 CARB will be requiring metering for all electric forklift trucks We are presently considering different metering solutions to support our SmartRebates clients and will keep you posted once we get further clarity from CARB Oregon DEQ Announced Major Changes to Forklift Truck Electricity Reporting for the Clean Fuel Program The Oregon Department of Environmental Quality announced drastic changes to the Clean Fuel Program CFP as with respect to reporting electricity forklift trucks These changes include For any questions or inquiries please send an email to smartrebates smartchargetech com
JULY 2023 EDITION SMART REBATES 1 Requiring metering of electricity dispensed for all forklift trucks starting Q4 2023 2 Adopting an estimation methodology that greatly reduced the amount of electricity that can be reported and respective credits generated The net effect of the new estimation methodology is an almost an 7080 reduction in the electricity that can be reported using the new estimation methodology SCT energy managers and or one of SCT partners will be corresponding with all of our Oregon SmartRebates participants to coordinate site audits to assess the best metering options for their forklift truck fleets SCT has developed various IoT metering technologies to help our SmartRebates participants to continue to comply with the various low carbon programs in CA OR WA and Canada Stay Tuned Washington Department of Ecology Announced Changes to Forklift Truck Electricity Reporting for Clean Fuel Standard Program The Washington Department of Ecology announced updates to the Clean Fuel Standard Program WCFS as it pertains to Forklift truck reporting starting Q1 2023 Under the new guidelines forklift trucks can use the estimation methodology for Q1 2023 only Starting with Q2 2023 the use of estimation methodology will be very limited and all operators of forklift trucks must provide metering data Since installing meters will take some time the WCFS will be allowing the use of estimation methodology for one or two quarters as long as sites can show a plan to deploy and install meters SCT energy managers and or one of SCT partners will be corresponding with all of our Washington SmartRebates participants to coordinate site audits to assess the best metering options for their forklift truck fleets In addition you will be receiving an addendum for a metering plan that we would need to submit to continue reporting until meters are installed SCT has developed various IoT metering technologies to help our SmartRebates participants to continue to comply with the various low carbon programs in CA OR WA and Canada Stay Tuned SCT s Foklift Truck Metering Technologies As almost all states are mandating metering for forklift truck reporting SCT and its partners are very happy to announce that we have developed a number of metering solutions to help our SmartRebates program participants comply with the various program requirements The various metering solutions that SCT is proud to offer include 1 CHARGlink SCT has developed the CHARGlink product platform an innovative cloud based industrial charger monitoring and data logging device CHARGlink automatically tracks and logs actual Amp Hour and kWhr supplied by industrial chargers to charge electric forklift trucks thus providing an audit trail of actual forklift electricity usage at clients manufacturing and distribution facilities For any questions or inquiries please send an email to smartrebates smartchargetech com
JULY 2023 EDITION Each CHARGlink unit is equipped with wireless communication for remote monitoring and configuration where data is automatically uploaded to SCT s cloud based servers The CHARGlink unit is typically installed at the output terminals of industrial chargers for an easy upgrade to a metered and wireless connected charger 2 IoTEmeter Edge SCT has also developed the IoTEmeter product platform an innovative cloud based electricity metering and data logging device The IoTEmeter product platform logs and measures the actual amount of electricity in kWhr consumed by industrial chargers to charge electric forklift trucks as well as the time it was consumed thus providing an audit trail of actual forklift electricity usage at clients manufacturing and distribution facilities Each IoTEmeter unit is equipped with wireless communication for remote monitoring and reporting of consumed kWhrs where data is automatically uploaded to SCT s cloud based servers The IoTEmeter units would need to be installed at the AC panels or subpanels feeding industrial chargers or at each charging station the chargers are distributed throughout the facility Your Energy Program manager will be in touch in the very near future to discuss the best and most economical option for you to continue receiving your rebates in Oregon and Washington Stay Tuned Thank You For any questions or inquiries please send an email to smartrebates smartchargetech com