CleanDrive: Emissions Tracking Platform
Patent No: US 8,498,920 B2
CleanDrive: Quantifying Carbon Reduction Impacts
Propel’s CleanDrive is a cloud based software service (SAAS) that serves as an aggregator of carbon value and as a transactional platform for individuals, business fleets, and obligated parties under regulated carbon pricing regimes. Additionally, unregulated businesses and individuals utilize CleanDrive as a Propel branded consumer loyalty channel to validate, audit and report their low carbon fuel impacts.
For businesses and obligated parties, CleanDrive serves as a platform to accurately capture, audit and distribute credits to end users of low eligible fuels under RFS2, CA LCFS and CA Cap & Trade, and future carbon markets.
For individuals, the decision to use low-carbon fuel results in the displacement of conventional petroleum fuel, improvement of regional air quality, and the reduction of harmful greenhouse gas emissions. While individual consumers understand and appreciate these benefits, it is inherently difficult to measure the impact of using cleaner fuels. CleanDrive solves this problem by aggregating user data and reporting real time impacts.
Forward Compatibility & Intellectual Property
CleanDrive’s system design provides a platform for the tracking and exchange of environmental benefits generated through the use of low-carbon transportation fuels. The SAAS software platform will provide a marketplace that enables additional value to be recognized through environmental fueling practices. This value can be realized through the trading or retiring of generated environmental credits or offsets as verified through governmental or independent organizations. Propel’s CleanDrive is a comprehensive intellectual property developed in anticipation of emerging carbon markets. With over 10,000 current users in the California market.
Method and System for Exchanging Environmental Savings Acquired by Use of Alternative Fuels
A method and system to report the environmental benefits of consumer’s purchases of alternative fuels. The system tracks and stores the purchases of customers from a vendor of alternative fuels. The system calculates the environmental savings that a customer generates by using alternative fuel in place of standard fuels. Environmental savings may be calculated in terms of various metrics, including reduced carbon missions, petroleum displaced, or other environmental benefits. The system provides a marketplace that allows value creation from the calculated environmental savings by selling, trading, or retiming the generated savings.