Booster is making renewable fuels accessible in ways a gas station cannot

Booster is making renewable fuels accessible in ways a gas station cannot

May 25, 2022 by CNBC

Key Facts

  • But after the Covid pandemic shifted so many to remote work, Booster CEO Frank Mycroft says, the company ramped up its business refueling commercial vehicle fleets so drivers are ready to go the moment they start a shift.
  • Electric vehicle charging should develop into big business for Booster over time, Mycroft says, but today many companies can't afford to convert their fleets to battery-electric models, or the battery-electric vehicles they want to buy aren't even available.
  • Since renewable and biodiesel can't be piped in through the same lines that go to gas stations, Booster is key to distribution, says Steve Geskos, managing director at Rose Park Advisors, one reason energy companies are keen to partner with the start-up.
  • While Mycroft is self-aware and doesn't bill his company as a pure climate solution, the CEO says he looks for every opportunity to reduce the negative impacts of transportation on the environment, and to help communities become climate resilient.

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