“Clean fuels programs”, “lower emissions”, and “electric vehicles” are all terms floating around, but those terms might not mean much to you yet. A sure way to get informed is to attend the Food Northwest Tradeshow in Portland on February 3rd and 4th where PineSpire’s Ryan Huggins, an expert in the electrification industry, will be covering Oregon’s Clean Fuels Program (CFP) as well as answering your questions around it.
To get ready for the event, here’s an overview of what CFP is and how you can benefit while operating in Oregon:
What is CFP: A clean fuels program instated by the state of Oregon in which those with electric vehicles get awarded for operating them and those who haven’t yet switched from propane to electric, are helped to do so. What’s the reward? A new revenue stream for your business.
Revenue Stream: CFP Credits are how the revenue you get back is measured. Every time you charge your electric fleet, credits are generated and at the end of every month or quarter, conventional fuel companies buy those credits from PineSpire and you get paid! Here at PineSpire, we give you two choices: either enroll and get paid based on market rates or a guaranteed rate, both are good choices; however, it all boils down to which one is best for you and your operations.
Eligible vehicles: The most common electric vehicles that are also eligible for the CFP program include: electric pallet jacks, electric forklifts, truck refrigeration units, cargo-handling equipment, and electric vehicle chargers. Vehicles powered by renewable fuels like biomethane and renewable hydrogen qualify as well
Beyond CFP: Although the CFP is a program for those who already have electric vehicles, PineSpire will also help you in the process of electrifying your fleet, which includes a comprehensive inventory, tailored review of your payback factors, and ongoing data and analytics to measure performance. Reach out to us and find out more about the Return on Investment for EVs and determining if this is the right choice for your operations.
Join us in Portland on February 3rd and 4th to learn more about EV Charging Revenue and how you can get enrolled in CFP today!