Hydrogen fuelling infrastructure company PowerTap has today (15th Dec) said it plans to participate in the California Low Carbon Fuel Standard (LCFS) carbon credit program.
Thought to be one of the most unique carbon emission credit trading programs, the LCFS carbon credit program provides PowerTap an opportunity to generate revenue before dispensing any hydrogen from its fuelling stations.
The above is possible through the selling of PowerTap’’s earned LCFS credits on an on-going basis on the emission trading markets. Purchasers of the credits will likely be oil companies and other gross polluters who are required to offset their carbon emissions in California.
PowerTap will be eligible to earn LCFS credits as soon as its fuelling stations are installed in California. The company said it is planning for this to happen during the second half of 2021.
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