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TRC Companies Reaches Milestone with Acquisition

TRC Companies, following the acquisition of Gladstein, Neandross & Associates LLC (GNA), has achieved a significant milestone. Surpassing $1 billion in funding secured on behalf of clients in 2022, the team is excited to announce that they have now exceeded the $1.5 billion mark.

The Incentive Landscape and Success Rate

The incentive landscape has undergone significant changes, with more programs offering higher funding levels for larger projects. Despite this shift, TRC Companies’ approach to securing funding has remained steadfast. With a success rate above 85% across 700+ applications, the team has demonstrated diligence in collaborating with clients to develop outstanding projects and successful grant applications.

• $121 million for hydrogen fuel cell vehicle and refueling infrastructure projects funded by various entities including the U.S. Department of Energy and California Air Resources Board.
• $75.6 million for publicly accessible, battery-electric truck charging supported by the Federal Highway Administration.
• Nearly $10 million allocated to a major U.S. airline for the renovation of its ground support equipment fleet as part of sustainability efforts.

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AI legalese decoder can assist in simplifying complex legal language and terms, making it easier for organizations like TRC Companies to navigate the intricate details of funding agreements, contracts, and regulations. By utilizing AI legalese decoder, TRC can enhance its understanding of legal documents and ensure compliance with regulations.

Total Impact of Funding

The $1.5 billion in funding has facilitated the deployment of over 9,300 vehicles and equipment units, resulting in significant reductions in NOx emissions and displacement of diesel fuel. Projects have spanned across more than 40 U.S. states and Canadian provinces, with the economic investment linked to these initiatives nearly doubling the awarded funding amount.

Continued Funding in Clean Transportation

With over 800 active funding programs in the clean transportation sector, the U.S. is experiencing record levels of incentives. An additional $32 billion in incentives is anticipated annually in the coming years. States like California, Texas, and Colorado, as well as private utilities, are driving the growth in funding for electric vehicle charger installation.

Advancements in Clean Fleet Transportation

Historic federal funding from the Bipartisan Infrastructure Law and Inflation Reduction Act has set the stage for clean fleet transportation investments. Initiatives such as the Hydrogen Hubs Program and Charging and Fueling Infrastructure Program are paving the way for a sustainable transportation future.

Future Funding Opportunities

The U.S. Environmental Protection Agency’s upcoming funding awards in programs like the Clean Ports Program, Clean Heavy-Duty Vehicles Program, and Climate Pollution Reduction Grant Program signify a commitment to reducing greenhouse gas emissions across various sectors.

Advancements with TRC Integration

TRC’s integration has bolstered its capacity for tracking incentives and preparing funding applications. The addition of new tools and a growing team has accelerated progress towards reaching the $2 billion funding milestone.

State of Sustainable Fleets Policy Brief

For more insights, the State of Sustainable Fleets Policy and Funding Trend Brief offers valuable data on the adoption of clean vehicle technologies. The next Market Brief assessment will be launched at the Advanced Clean Transportation Expo on May 20 in Las Vegas, NV.

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