In a recent interview with Carbon Pulse, ClearBlue Markets' Nico Girod, CTO and co-founder, announced plans to expand its proprietary EV Aggregator tool into several US jurisdictions. The tool, launched in September, is designed to help clients maximize revenue by generating electric vehicle (EV) credits under Canada’s Clean Fuels Regulations (CFR). This innovative platform pools data from EV chargers into a single account, streamlining the complex process of credit generation and reducing administrative burdens for smaller operators.
Girod emphasized the tool’s potential to significantly cut costs by automating tasks like registration, reporting, and verification. The platform also allows clients to track real-time project data and financial insights through a personalized dashboard. By reducing the need for expensive third-party verifier visits—often costing tens of thousands of dollars—clients see immediate savings, while ClearBlue manages the credit sale process on their behalf.
Since its launch, the EV Aggregator tool has already attracted a diverse range of clients, including municipalities, large industrials, and even farm owners. The initial sale of CFR credits saw prices reach C$140 per credit, although market conditions have since fluctuated. Looking ahead, ClearBlue is positioning itself to scale its technology in key US states with electrification programs, including California, Oregon, Washington, and New York. The company is also eyeing potential expansion into Mexico, although South American markets are expected to adopt similar regulations at a slower pace.
ClearBlue’s move into the US market is driven by growing demand for electrification solutions, and the company anticipates a substantial increase in EV credits as the market matures. Based on California’s experience, ClearBlue expects the Canadian market to grow from 400,000 tonnes to 3 million tonnes in the next 2-3 years.
For more insights from the interview, check out the full article by Joan Pinto at Carbon Pulse.