Element Markets submitted a patent claim today to the US Patent and Trademark Office for an electronic system aimed at tracking renewable energy to electric vehicle charge stations in order to generate Renewable Fuels Standard Renewable Identification Numbers (RINs) and California-based Low-Carbon Fuel Standard (LCFS) credits.

The proposal, which is pending for approval, would allow companies to track renewable energy from its source to the charging station for electric vehicles. The electronic system would also allow for companies to be able to verify and prove delivery from those generation sources to electric vehicles.

“We’ve been working on this project for a while, and we are looking forward to getting approval for our patent,” Angela Schwarz, President & CEO said. “We know that this system will make the generation of renewable fuel credits that much easier.”

Under the Renewable Fuel Standard, which is managed by EPA, companies can generate RINs and LCFS credits from the delivery of renewable fuel sources, such as biogas, to consumers. However, those programs require detailed information about the fuel source, the delivery and use of the fuel.

The patent would alleviate some of the headaches associated with that process.

About Element Markets, LLC

Element Markets is a leading renewable natural gas marketing and environmental commodities company that applies its diverse expertise to provide structured environmental compliance and optimization services to prominent corporate and institutional clients. The company has a long history within the emissions, carbon, renewable energy credit, biogas and renewable fuel credit markets. The company has twice been named as the “Emissions House of the Year” by Energy Risk Magazine. Element Markets is headquartered in Houston, Texas and more information about the company is available at www.elementmarkets.com.