Energy Exchange

Finalizing commercial vehicle charging infrastructure tax credit: Fleets could leverage as soon as 2024 filings

Developing a robust charging infrastructure at and around fleet depots and other facilities where trucks operate is critical to enabling the expeditious deployment of zero-emission medium- and heavy-duty vehicles. The Alternative Fuel Vehicle Refueling Property Credit, also known as the 30C tax credit, is one of the most impactful policies for achieving this end and recent proposed guidance from the U.S. Department of Treasury could make this credit available for businesses’ 2024 tax filings to support electrification efforts.  

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Why science, not hype, must inform how we use hydrogen in Europe

Image courtesy of © Audioundwerbung | Dreamstime.com

By Helen Spence-Jackson

The EU’s hydrogen ambitions are facing a reality check. Despite an ambitious strategy launched in 2020 and ongoing work to establish a comprehensive policy framework, recent forecasts suggest hydrogen deployment is lagging behind initial targets. However, this moment offers an opportunity for reflection and provides valuable lessons not just for Europe, but also for other regions.

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In the transition to electric, what about power resiliency?

By Dakoury Godo-Solo

The adoption of electric trucks is on the rise, but as fleets make the transition, the idea of switching from diesel to electricity as a fuel source can raise concerns about reliability in the event of a power outage. Thankfully, this is a manageable challenge on the road to electrification — and one that many industries have experience with navigating. Hospitals, grocery stores and data centers are just a few examples of industries that have extensively explored the question of how to best address power resiliency.

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New research reaffirms hydrogen’s impact on the climate, provides consensus

Concept of an energy storage system based on electrolysis of hydrogen in a clean environment with photovoltaics, wind farms and a city in the background. 3d rendering.

By Ilissa Ocko and Steven Hamburg

Hydrogen emissions from leakage, venting and purging leads to global warming, new research confirms. To take advantage of the potential benefits of switching from fossil fuel systems to hydrogen, we need to keep emissions at a minimum, and doing so will depend on the development of new instruments that can detect even small leaks, allowing us to minimize them in the future.

A new paper published this summer in the journal Communications Earth and Environment uses five different climate models that show consistent results on hydrogen’s global warming potential at the 20, 100, and 500 year ranges. These results align with other recent studies.

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CalSTRS says climate is major portfolio threat, companies must walk the walk on net-zero

A few weeks ago, EDF’s Ben Ratner spoke extensively with Brian Rice, a portfolio manager at California State Teachers’ Retirement Systems about key issues in environmental social and governance investing.

CalSTRS is the largest educator-only pension fund in the world with roughly $243 billion in managed assets. EDF has been working closely with the firm on corporate engagement for more than five years.

This is the first of a two-part Q&A series with CalSTRS examining prospects on ESG and climate investing through the energy transition. This portion of the discussion explores the rise of ESG, the importance of policy, and what comes next for companies with net-zero commitments.

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Posted in California, Climate, Methane, Methane regulatons, Natural Gas / Comments are closed

Trucking companies, utilities and innovators work together to put more electric vehicles on the road

This post is the first in our Innovation Series

One of the largest sources of climate pollution is the transportation sector, which is responsible for about a quarter of our nation’s greenhouse gas pollution. It is clear that to reach our climate goals, we must reduce car and truck emissions.

One way to reduce harmful air and climate pollution is by electrifying the transportation sector, especially long-haul trucks, buses, delivery vehicles, garbage trucks and regional “day cab” tractors used at ports. Heavy-duty vehicles are not only responsible for significant climate pollution, they are also responsible for about 30% of Nitrogen oxide pollution. These emissions can increase cancer risk, neurological and metabolic diseases, and cause respiratory and cardiovascular damage.

Toxic air pollutants like these are often hyper-localized, disproportionately impacting low-income communities and communities of color who are more likely to live near major highways, ports, and distribution centers. A recent EDF study of Oakland’s air pollution, for example, observed residents living near one particular freeway (home to much of the city’s diesel fueled traffic) were exposed to concentrations of black carbon 80% higher than a similar road.

Electrifying these medium and heavy-duty vehicles therefore reduces both pollution that harms human health and reduces greenhouse gas emissions from the combustion of the fuel. But making this win-win transition will require significant technological and political support to succeed. Fortunately, a growing number of innovators are adopting and/or developing tools to expand the number of medium- and heavy-duty electric vehicles on the road — ultimately reducing harmful pollution and preserving a clean, reliable and equitable electric grid.

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Posted in Clean Energy, Electric Vehicles, Innovation series / Comments are closed