PRESS RELEASE

New ClimeCo Study Finds a Decarbonization Solution for Vehicle Fleets in Derive Systems’ Technology

The Derive VQ Platform improves fuel efficiency across fleet vehicles by an average of 8.3% during driving and up to 20% during idling, reducing fleet greenhouse gas emissions

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Broomfield, Colo.  – March 25, 2022 – A new study released today by Derive Systems, a leading automotive decarbonization company, and ClimeCo, an ESG advisory firm, revealed that Derive’s VQ Platform improved fuel efficiency across fleet vehicles by an average of 8.3% during driving and up to 20% during idling. By reducing fuel usage, Derive Systems’ technology reduces fleets’ greenhouse gas emissions.

ClimeCo worked with Derive Systems to test its claims of fuel savings following the implementation of the Derive VQ Platform. Ten pilot studies, which looked at vehicle statistics over a baseline and trial period for multiple vehicle classes, were used to characterize the Derive VQ Platform fuel savings achieved during both driving and idling. And unlike many decarbonization efforts available today which cost companies significant outlays, the Derive VQ solution saves a company money.

According to the U.S. Environmental Protection Agency, road transportation accounts for 29% of total greenhouse gas (GHG) emissions in the United States. With the global fleet market projected to grow by 10% in the next several years, implementation of the Derive VQ Platform can have a meaningful impact reducing global carbon emissions. An immediate solution like Derive Systems’ enables companies to meet ESG goals and demonstrate progress toward science-based GHG reduction targets.

“The release of today’s study demonstrates that optimizing vehicles using carbon reduction technology can help companies meet their targets to reduce harmful greenhouse gas emissions while also saving their companies money at the pump,” said John Oechsle, CEO of Derive Systems. “At Derive, we look forward to continuing to provide fleet owners with the right tools to reduce their overall carbon footprint and achieve energy efficiency.”

Emily Damon, Vice President, Sustainability, Policy and Advisory at ClimeCo, stated: “Derive Systems is a low-carbon solution for the vehicle fleet industry. The Derive VQ Platform offers companies a way to immediately reduce carbon emissions and mitigate fluctuating energy costs.”

Derive Systems’ Clean Air-Act-compliant software platform aligns with new fuel economy regulations and reduced CO2 goals outlined by the U.S. Environmental Protection Agency, which is targeting an average fleet standard of 52 miles per gallon (mpg) by 2026.

Recent price volatility in global energy markets demonstrates the exceptional value of implementing the Derive VQ Platform for enhanced risk management and energy security.

Learn more by reading the full ClimeCo study.

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