PineSpire and our own Patrick Dawson were featured in an online article published by the Material Handling Network….
Here’s a snippet of the full article below:
One company providing a nontraditional, but vital kind of support to industrial and commercial companies and municipalities is Durango, Colo.-based PineSpire. They may not provide the forklifts that move massive amounts of product, but they will help you find revenue streams to purchase electric forklifts, yard goats, and yard semis.
PineSpire Co-Founder Patrick Dawson said they specifically provide turnkey services to California companies navigating the Low Carbon Fuel Standard (LCFS) standards and Oregon firms required to comply with the Clean Fuels Program (CFP).
“It’s a way for them to gain efficiency by letting us take care of what we say is the process from registration to revenue,” Dawson said.
The California and Oregon programs are designed to decrease the carbon intensity of transportation fuels used there and provide an increasing range of low-carbon and renewable alternatives. That applies to everything from city plows to company forklifts.
Among the many layers of the programs are grants and incentives provided to those who meet the standards. Yet many materials-handling firms and other companies likely don’t have the time or staff to undertake what can amount to a full-time job just understanding the nuances of the laws, Dawson said.
PineSpire has three categories of clients: municipalities, agricultural and food processing plants, and commercial and industrial companies. One of the most important services PineSpire provides is helping clients manage the financial obligations and paybacks from participating in the programs.
For example, they help identify and apply for available grants that can be used to purchase electric vehicles and forklifts. PineSpire also provides monthly reports on how much energy a client is consuming as well as how much LCFS revenue they are creating.
“If you talk to a fleet manager today, they can tell you to the gallon how many gallons of diesel fuel they used in a month,” Dawson said. “But if you talk to a forklift operator … OK, how many kilowatt-hours did your forklift use in a month, they don’t have a clue. It’s really starting to see electricity as a fuel source.”
PineSpire also helps clients ensure they are taking full advantage of the incentives and credits that are available under the LCFS and CFP programs. “Every time they charge an electric forklift, they are creating those credits, whether they know it or not,” Dawson said.
PineSpire helps them register those credits with the state, complete the transaction in an online marketplace, and then gives the company back the majority of that revenue. A company, for example, could be earning between $2,000 and $5,000 per forklift per year,” Dawson said. “And that’s every year until 2030 in terms of revenue, just from charging their electric forklift.”
Click this link for the full article