Element Markets, LLC, a leading producer and marketer of biogas and environmental commodities, is helping Chevrolet meet its CO2 reduction goals while assisting Basin Electric Power Cooperative in funding its clean energy projects. Chevrolet made a multi-year commitment to reduce CO2 emissions through the purchase of carbon reductions (offsets) from Basin’s wind power and waste heat recovery projects. The automotive brand was interested in investing in projects that would benefit communities while generating emissions reductions measured and verified under a rigorous third-party GHG standard.
To accomplish Chevrolet’s goals, Element Markets utilized its long-standing relationship with Basin to validate their projects under the Verified Carbon Standard (VCS) and provide those offsets to the Bonneville Environmental Foundation, which will retire them on behalf of Chevrolet. The proceeds from offset sales help Basin defray its wind and waste heat recovery development costs.
The Basin projects generating carbon reductions include waste heat projects in Culbertson, MT and Garvin, MN, the PrairieWinds project in North Dakota, and the Crow Lake Wind project in South Dakota. The Garvin waste heat project and the Crow Lake Wind project are each profiled in Chevy’s “Carbon Stories” web video series. Gauri Potdar, Element Markets’ Senior Director of Renewables, is also featured in the series, which can be viewed on the Chevrolet website.
“We are proud to be featured in Chevrolet’s carbon reduction campaign. Having been selected as a partner to Chevrolet for this important initiative is a strong recognition of Element Markets’ presence and experience across environmental commodities and our relationships with companies like Basin and Chevrolet,” says Angela Schwarz, President and Chief Executive Officer of Element Markets.