Engine Technology Forum Calls for Changes to California's Renewable Portfolio Standards Guidebook
Urges Inclusion of Renewable Diesel/HVO and Hydrogen for ICE
Washington, D.C., June 05, 2025 (GLOBE NEWSWIRE) -- The following statement was issued today from Allen Schaeffer, Executive Director of the Engine Technology Forum, regarding the Forum's filing to the California Energy Commission's (CEC) open docket for the tenth edition of the Renewable Portfolio Standard Guidebook:
'California's ambitious energy and climate goals demand a full range of solutions of fuels and technologies that are able to reduce carbon emissions. The California Energy Commission's proposed revisions to the Renewables Portfolio Standard (RPS) Guidebook establishes new standards of eligibility for technologies and fuels to receive renewable energy credits for power generation.
'At a time when the affordability and availability of reliable energy in California are top of mind, the CEC's proposed revisions to the RPS Guidebook fall short of maximizing opportunities to lower energy costs and increase supply.
'This is due in part to the CEC's failure to explicitly recognize Hydrogenated Vegetable Oils (HVO), also known as renewable diesel (RD), when used in power generation applications. Additionally, the CEC's consideration of the use of renewable hydrogen must be clarified to explicitly include all applications, not only fuel cells and linear generators but also hydrogen use in internal combustion engines for generators.
'Diesel generators remain a critical part of California's energy portfolio. This large, well-established fleet of installed power systems plays a vital role in providing backup power to public and private utilities, as well as critical institutions, during planned power safety shutoffs and other emergency situations. The use of hydrotreated vegetable oils in these units instead of fossil-based diesel delivers proven reductions of greenhouse gas and other emissions of at least 50-75%. These are significant reductions, and operators of these units should be eligible to generate renewable energy credits just like other power producers utilizing bio-based or alternative fuels.
'HVO/RD should receive explicit and specific recognition within the Guidebook revision for several reasons:
HVO/RD is a key, proven fuel in achieving carbon reductions under California's Low Carbon Fuel Standard program, with renewable diesel now accounting for more than 70% of all diesel fuel used in the state.
HVO/RD offers superior affordability compared to other low-carbon technologies – an especially important factor as energy costs continue to rise in California.
There is widespread acceptance of HVO/RD among engine manufacturers and end users, particularly those deploying generator-based power systems across California.
The refining sector is making significant investments to expand production of HVO/RD.
HVO/RD offers a proven, immediately available solution to help California meet its greenhouse gas reduction commitments.
'In addition, the Guidebook Revision should clarify and explicitly recognize all applications to produce electricity using renewable hydrogen, from fuel cells and linear generators to internal combustion engines. Engine manufacturers are developing and starting to deploy hydrogen-fueled internal combustion engines today in limited heavy-duty on and off-road applications. The use of renewable hydrogen offers another important option for hard-to-decarbonize sectors of the economy such as power generation.'
The Forum's comments filed with the California Energy Commission can be found here.
About the Engine Technology ForumFounded on the principles of fact-based education, science, outreach and collaboration, the Engine Technology Forum is dedicated to promoting a greater understanding of the benefits of advanced engines and the fuels that they use, as well as how these contribute to a sustainable future. Sign up for our digital newsletter and connect with us on LinkedIn, X, Facebook, Instagram, and YouTube.
CONTACT: Allen Schaeffer Engine Technology Forum 3015149046 aschaeffer@enginetechforum.org
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
12 hours ago
- Business Upturn
DBI Investor News: If You Have Suffered Losses in Designer Brands Inc. (NYSE: DBI), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
NEW YORK, June 29, 2025 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Designer Brands Inc. (NYSE: DBI) resulting from allegations that Designer Brands may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Designer Brands securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. WHAT IS THIS ABOUT: On June 10, 2025, Designer Brands reported its financial results for the first quarter of 2025. Commenting on the results, Design Brands' CEO stated that '[w]e experienced a soft start to 2025 amid an unpredictable macro environment and deteriorating consumer sentiment.' Further, he stated that '[g]iven the persistent instability and pressure on consumer discretionary spend, we've made the decision to withdraw our 2025 guidance for the time being.' On this news, Designer Brands stock fell 18.2% on June 10, 2025. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ——————————- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected]
Business Upturn
12 hours ago
- Business Upturn
XRP Price Approaches $3 as PBK Miner Launches Revolutionary XRP Cloud Mining Contract, Attracting Holders Worldwide
London, UK, June 29, 2025 (GLOBE NEWSWIRE) — While XRP remains just below the critical $3 threshold, PBK Miner's groundbreaking cloud mining model is driving increased holder participation and boosting the perceived value of the asset. XRP's performance caught the market off guard. Just a few days ago, it briefly fell below the psychological $2.00 mark, sparking fears of further declines. However, the asset has since rebounded strongly. This period of consolidation coincided with the launch of PBK Miner's innovative XRP cloud mining contracts — a move that quickly attracted the attention of long-term holders and new market participants. Visit the official PBK Miner website: Breaking the Rules: Cloud Mining Designed for XRP PBK Miner cloud mining is a remote cryptocurrency mining solution that supports multiple digital assets, including XRP. Users can use PBK Miner's powerful computing infrastructure to earn income without having to purchase mining hardware or perform any technical maintenance. By utilizing high-performance mining facilities, PBK Miner enables users to continuously solve complex blockchain algorithms and receive real-time mining rewards. Unlike traditional mining methods that rely on Proof of Work (PoW), XRP uses a consensus protocol, which makes traditional mining infeasible. PBK Miner solves this challenge by simulating a cloud mining model that allows users to receive XRP rewards through mining contracts. Key Features of PBK Miner XRP Cloud Mining Contracts No Hardware Required: Open to all users – no mining equipment or technical setup required Open to all users – no mining equipment or technical setup required Daily Payouts: Mining earnings are withdrawn daily based on your active contract Mining earnings are withdrawn daily based on your active contract Safe Custody : Assets are protected by PBK Miner's industry-grade security protocols : Assets are protected by PBK Miner's industry-grade security protocols Flexible Contract Terms: Contract amounts range from $10 to $100,000, and terms range from 1 to 50 days Flexible XRP Mining Contracts Now Available Following the huge success of BTC cloud mining contracts, PBK Miner now offers over 10 different XRP mining contracts. With weekly purchases growing 295%, users can choose a plan that fits their budget and financial goals. All contracts support XRP mining and guarantee a full return of principal at maturity, providing a low-risk entry point for beginners and experienced investors. $100 Plan – 2 days – Earn $3.50 per day $1,000 Plan – 10 days – Earn $13.50 per day $5,000 Plan – 30 days – Earn $77.50 per day $10,000 Plan – 45 days – Earn $165.00 per day These numbers are not theoretical predictions – they are backed by real-time data from over 8 million users worldwide, powered by PBK Miner's high-performance infrastructure and AI-optimized profit model. [Click here to explore more cloud mining plans.] PBK Miner turns market consolidation into opportunity with XRP mining contracts A spokesperson for PBK Miner said: 'While some believe XRP is still a long way from breaking $3, we see this as a strategic entry point. Our platform allows users to earn real XRP mining rewards in completely secure funds – whether the market is rising, falling or consolidating. This launch comes at a critical time and will inject new vitality into the XRP ecosystem.' The announcement triggered a significant increase in platform activity, with contract sales soaring 297% within 72 hours of launch. Users cited low barriers to entry, daily returns, and the ability to reinvest or withdraw profits as the main motivations for participation. How to start mining XRP with PBK Miner Register now to receive a $10 welcome bonus and a $0.60 daily sign-in bonus. Click here to register an account Choose a contract: Select a mining plan that fits your budget and financial goals. PBK Miner offers solutions for both beginners and advanced investors. Start earning: Once your contract is activated, PBK Miner's smart platform will take care of the rest – ensuring a seamless and efficient mining operation to maximize your returns. About PBK Miner Founded in 2019, PBK Miner is a global leader in AI cloud mining, providing secure and transparent digital asset appreciation opportunities. PBK Miner's business covers more than 183 countries and regions, supporting mining contracts for XRP, BTC, ETH, LTC, DOGE, and SOL. Its cutting-edge technology and customer-first philosophy have won the trust of more than 8 million users worldwide. Whether you're a seasoned investor or new to the cryptocurrency space, PBK Miner offers you an easy way to earn consistent returns – even in volatile market conditions. To explore XRP cloud mining, visit: Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Upturn
12 hours ago
- Business Upturn
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Vestis Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action
NEW YORK, June 29, 2025 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Vestis Corporation (NYSE: VSTS) between May 2, 2024 and May 6, 2025, both dates inclusive (the 'Class Period'), of the important August 8, 2025 lead plaintiff deadline. SO WHAT: If you purchased Vestis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Vestis class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Vestis' ability to grow its business; notably that Vestis would be unable to execute on planned strategic initiatives to drive purported improvements to the customer experience and its onboarding efforts in order to drive new customer growth, increased customer retention, and increased revenue from existing customers. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Vestis class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ——————————- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected]
