Big boost for Clean Energy fueling infrastructure in 2011
Jan 18, 2012 2:13 PM
Accelerating its development program to support growing natural gas vehicle fueling demand, Clean Energy Fuels Corp, a North American provider of natural gas fuel for transportation, significantly increased its fueling station project completions during 2011. Last year, Clean Energy completed 68 fueling station projects in 16 states, including five LNG truck fueling stations on America’s Natural Gas Highway.
“We increased the number of station projects completed during the year by 50% over 2010,” says Andrew J Littlefair, president and chief executive officer of Clean Energy. “These included stations serving transit (7), refuse (18), and airport/taxi/shuttle (28) operations around the country, as well as locations situated to support the needs of local and regional trucking and small fleets (15).”
“During the second half of 2011, Clean Energy received total investment commitments of $450 million, largely to fund substantially more fueling station development going forward, particularly LNG truck fueling stations along America’s Natural Gas Highway. We are pleased to be leading the way for key segments of our nation’s transportation system to convert to the use of natural gas fuel, saving money and helping the environment and our nation’s energy security through growing independence from imported oil.”
Currently priced up to $1.50 or more per gallon lower than diesel or gasoline (depending upon local markets), the use of natural gas fuel reduces costs significantly for vehicle and fleet owners, and reduces greenhouse gas emissions up to 30% in light-duty vehicles and 23% in medium to heavy-duty vehicles. Additionally, natural gas is a secure North American energy source with 98% of the natural gas consumed produced in the US and Canada.
© 2013 Penton Media Inc.