West Coast Investor-Owned Utility
As utilities work toward a more sustainable energy future, they’re seeking ways to incentivize electric vehicle adoption. One way to do that is to make it easier to process and calculate credits earned from charging EVs provided by the California program called the Low Carbon Fuel Standard (LCFS). In the case of this West Coast investor-owned utility (IOU), the existing system available to process LCFS credits was clunky and difficult to update as it relied on the manual tracking and approval of credits in spreadsheets. The utility’s leadership turned to West Monroe to develop a digital solution that could be easily scaled to keep pace with evolving needs
States across the US are seeking ways to incentivize carbon reduction—specifically, states on the west coast are incentivizing the shift from fossil fuel vehicles to electric vehicles through carbon credits. However, the credit tracking system causes many eligible candidates to not claim their credits. Our multidisciplinary team of industry experts and innovative technologists identified blockchain as a promising technology to digitize the process and enable thousands of new beneficiaries.
Working under a tight budget and time frame, the utility turned to West Monroe to:
Our team knew that meaningful digital transformation required the right mix of human-powered collaboration and data-driven insights. We got to work:
Our team replaced the utility client’s inefficient paper-based credit tracking system with a dynamic, scalable blockchain solution that includes: