EBCE offers $3 million in low cost financing to fund $12 million of local transportation electrification projects
Energy agency issues Request for Offers to accelerate electric truck market
Oakland, Calif. (September 13, 2022) – East Bay Community Energy (EBCE), the local public agency that provides electricity services throughout Alameda County and the City of Tracy, is working to create Northern California’s largest battery electric truck network. EBCE has issued a Request for Offers (RFO) that seeks to invest in local zero-emission medium and heavy-duty (MD/HD) goods movement vehicle and/or charging infrastructure projects.
Available here, the RFO issued today includes these highlights:
- EBCE is offering up to $3 million in low-cost debt to help fund projects
- Funds can be used for capital investments in on-road zero-emission vehicles and/or charging infrastructure
- Projects need to be in service by July 2024
- Minimum EBCE financing amount is $1 million
- Projects must bring external capital equal to or greater than 3x EBCE’s investment in the project
- EBCE is prioritizing projects that help small and medium operators of on-road class 3-8 goods movement vehicles
- EBCE is prioritizing projects that eliminate emissions associated with the use of diesel fuel in communities within 2 miles of freight corridors throughout its service area
Responses are due by 5:00 p.m. Pacific on October 17, 2022. For complete information and possible updates regarding this solicitation, please see RFO posted at ebce.org solicitations.
About East Bay Community Energy (EBCE)
East Bay Community Energy (EBCE) is a not-for-profit public agency that operates a Community Choice Energy program for Alameda County and fourteen incorporated cities, serving more than 1.7 million residential and commercial customers. EBCE initiated service in June 2018 and expanded to Tracy in neighboring San Joaquin County in 2021. As one of 24 community choice aggregation (CCA) programs operating in California, EBCE is part of the movement to expedite the climate action goals of their communities and those of California. EBCE is committed to providing clean power at competitive rates while reinvesting in its local communities. For more information about East Bay Community Energy, visit ebce.org.