Aggregated environmental commodities · sub-1 MW DERs

Your fuel cell or RNG asset is leaving $30K–$180K on the table every year. We file the paperwork. You don't lift a finger. We split 80/20.

Bcal Carbon is the AI-operated aggregator for distributed energy operators too small to staff a CARB compliance desk. We register your asset, file LCFS pathway applications, generate WREGIS RECs, claim 45V where eligible, sell the credits into pooled auctions, and wire the cash. Three-year exclusive. Zero work for you.

Start onboarding Estimate my credits
The leak

Three numbers every sub-1 MW operator should know.

Carbon programs were built for utility-scale assets with full-time compliance teams. Below 1 MW, the registration, certification, audit, and verification workload eats the margin. Most operators leave a six-figure annuity uncollected. That's the gap we close.

30–70%
of credit value is left uncollected on the average sub-1 MW asset because pathway certification and quarterly verification are too expensive to run in-house.
~3,200
distributed assets in California alone are eligible for LCFS and/or REC issuance today, including FC, RNG, dairy biogas, landfill gas, and behind-the-meter H2.
$48K
average annual gross credit value, per asset, at $80/MTCO2e LCFS clearing and $20/MWh CA Class I REC pricing. Stretch assets clear $200K+.
How it works

Four steps. Then you ignore us forever.

After onboarding, the only thing that hits your inbox is a monthly payout statement. The AI handles every pathway revision, every quarterly fuel transaction report, every WREGIS attestation, every audit response.

Step 01
⚡

Connect your meter

PG&E "Share My Data" OAuth, SCE Green Button, SDG&E API, or upload utility bills. Three minutes. We handle the read-only token forever.

Step 02
📑

AI files CARB + WREGIS

Tier 1/2/3 pathway selection, GREET CI calculation, LRT-CBTS account opening, WREGIS subaccount, fuel transaction reports — all generated, reviewed, and submitted by our compliance agents under PE sign-off.

Step 03
🏛

Pool auction sells credits

We bundle your credits with 200+ other operators and clear quarterly through institutional offtakers. Pooled scale captures 4–8% above broker pricing on average.

Step 04
💵

Monthly payout

ACH on the 15th, after escrow holdback for any pending audit reservation. Audit log, credit ledger, and tax forms (1099-MISC) auto-generated in your dashboard.

What you earn

Plug in your asset. See your annuity.

Numbers below use approximate GREET-aligned CI scores and current ($80/MTCO2e LCFS, $20/MWh REC) pricing. Pathway certification will tighten the actual CI within ±10% in most cases.

Enter nameplate kW for generators, MMBtu/yr for RNG fuel projects.
8,000 hours ≈ 91% capacity factor (typical baseload FC).
Q1 2026 auction-blended ~$80. Floor: $75 (CARB rule). Cap: $237.

Estimated annual credits

Pathway—
CO2e displaced—
LCFS revenue—
REC revenue—
45V (H2 only)—
Gross annual—
Bcal take rate—
Operator net—

Estimate only. Final values are set after CARB pathway certification (90–120 days). For a binding pro forma, start onboarding.

Pricing

One number. We earn it only when you do.

No setup fee. No subscription. No monthly minimum. We take a percentage of net credit revenue actually wired to you. Three-year exclusive aggregation — same instrument every aggregator uses, because pathway re-certification with a new aggregator costs $40K+ and 9 months.

Standard tier
20%

of net credit revenue · 3-year exclusive aggregation

  • CARB LRT-CBTS pathway application + recertification
  • WREGIS account, REC issuance, transfer & retirement
  • 45V (clean H2) attestation where eligible
  • Quarterly fuel transaction reports + verification
  • Audit defense (full attorney + verifier representation)
  • Pooled quarterly auction clearing
  • $5M E&O insurance, escrow on all payouts
  • White-label operator dashboard + 1099-MISC
See worked examples

Stretch tiers — published, transparent

Smaller assets pay slightly more (the work is fixed-cost). Larger assets pay less (the work scales). No surprise rates.

25%
Gross annual credits under $50K
20%
$50K – $500K (standard)
15%
Over $500K annual gross
Compliance

Built like a CARB-side compliance desk.

Three-year exclusive isn't a lock-in trick — it's the minimum window CARB requires for pathway stability. We run our shop the way the regulator runs theirs: paper-trail-first, audit-ready, no shortcuts.

Pathway certification

Tier 1 lookup table, Tier 2 simplified CI calculator, or Tier 3 LCA model — we match each asset to the lowest-friction pathway that delivers 95%+ of available CI value, then file under PE sign-off.

Audit-defense

Every credit comes with a documented chain of custody: meter read → fuel transaction record → CI calculation → quarterly report → credit issuance → buyer KYC. CARB inquiries are answered by counsel within 5 business days.

KYC / AML

Operator and beneficial-owner verification through Persona (Tier 2 + government ID + sanctions screening). Buyer-side KYC inherited from offtaker exchange membership.

$5M E&O

Errors & omissions coverage on every pathway filing, every quarterly report, every credit transfer. If we file wrong, we eat the recovery cost — not you.

Read the long-form compliance brief →

Trust signals

The four things that keep operators honest about us.

$5M E&O

Insurance backstop on every filing. Full policy disclosed in the agreement.

Escrow on payouts

Operator share held in segregated trust account at Mercury / Brex Treasury until ACH date. Not commingled with operating cash.

Per-operator audit log

Every action — pathway file, report submission, credit transfer, payout — written to an append-only ledger, viewable in your dashboard, exportable to PDF for IRS / CARB.

3-year exclusive = aligned

We only earn if your credits actually clear and pay. No retainer. No setup fee. Our incentive is identical to yours: maximize clearing price, minimize verification cost.

FAQ

The ten questions operators always ask.

Am I eligible?
If you operate a fuel cell, RNG project, biogas digester, landfill-gas system, or H2 electrolyzer in California, Oregon, Washington, or any other LCFS-style state, the answer is almost certainly yes. We've built specific pathway templates for assets between 50 kW and 5 MW. Outside California, we cover OR-CFP, WA-CFS, federal 45V, and WREGIS Class I/II RECs. See the pathway library →
What if the rules change?
CARB announces material changes 18–36 months out. We re-file pathway updates as a covered service — no extra fee. If a program is sunset (e.g., a credit type is retired), our 3-year exclusive is automatically reduced pro-rata for that credit stream, and you can re-aggregate the surviving streams without penalty.
How long does onboarding take?
Onboarding form: 30 minutes. Meter handshake + KYC: 2 business days. CARB pathway application: 90–120 days for Tier 1/2 (most fuel cell + biogas), 180–270 days for Tier 3 (custom LCA). WREGIS account: 14 days. Your first credit issuance lands roughly 4–6 months after signing.
Who handles audits?
We do — at our cost. Every CARB inquiry, every WREGIS challenge, every IRS clean-energy investigation comes to us first. Our counsel and verifier respond on your behalf. You're notified, but you don't lift a finger. The $5M E&O policy backs every filing.
Can I cancel?
The 3-year exclusive is firm for active credit streams under certified pathways — pathway re-certification with a new aggregator costs $40K+ and 9 months, so early termination would burn value for both of us. After year 3, month-to-month, 60-day notice. If we materially fail (miss a quarterly filing, lose your $5M coverage, etc.) you can exit without penalty — full clauses in the agreement.
What happens to my existing brokerage relationships?
Brokers (Karbone, Element Markets, etc.) are buy-side counterparties — we work with them, not against them. If you already have a buy-side relationship you trust, we'll route your credits to them in the pooled auction. If you have an existing aggregation contract with another aggregator, we wait until that contract ends, then take you over (plus we'll review the existing contract for free to confirm the exit window).
How do I get paid?
ACH on the 15th of each month, into the bank account you nominate during KYC. Statement delivered the same day, plus annual 1099-MISC for your tax filing. If you prefer wire, that's available for monthly totals over $25K (wire fees passed through at cost).
Do I lose ITC if I assign credits to you?
No. The federal ITC (Section 48) is tied to placing the equipment in service. Environmental commodities (LCFS, RECs, 45V) are separable property under IRS Rev. Proc. 2007-65 and CARB Title 17. We're explicit about this in the agreement — and our tax counsel signs an opinion letter on file for every operator who asks.
What's the floor price?
CARB sets a $75/MTCO2e LCFS auction floor (effective 2026). RECs have no statutory floor but CA Class I bundled has cleared $18–$24/MWh consistently for 18 months. We set an internal floor of 90% of trailing 4-quarter average — if pool clearing falls below that, we hold credits until the next auction or sell to a designated offtaker at the internal floor.
Where's my data stored?
US-only. AWS us-west-2 (primary), us-east-1 (replica). SOC 2 Type II in process (audit period closes Q3 2026). Meter data, KYC documents, and credit ledger are encrypted at rest (AES-256) and in transit (TLS 1.3). You can export or delete your data anytime. We do not sell, share, or analyze your operating data for any purpose other than credit issuance.

30 minutes to onboard. 30 years of upside.

Most operators sign in one sitting after the calculator. The pathway filing runs in the background. You ignore us until the first ACH lands.

Start onboarding Email a human