GE, Chesapeake Energy Launch CNG In A Box
GE and Peake Fuel Solutions, an affiliate of Chesapeake Energy Corp., have launched the CNG In A Box system, which allows easier adoption of compressed natural gas (CNG) refueling options for large- and small-scale retailers.
Natural gas is an abundant, reliable and cleaner-burning source of energy for consumers and commercial users. A vehicle fleet operator that uses the CNG In A Box system for natural gas fueling instead of traditional gasoline fueling can save about 40% in fuel costs, the companies said.
The CNG In A Box system is a plug-and-play onsite fueling solution that comes with what retailers need to add low-cost natural gas fuel to their operations. It provides an easy, lower-cost fueling experience for consumers and a higher-margin solution for facility operators compared to gasoline or diesel, they added.
“In collaboration with Peake Fuel Solutions, GE is developing infrastructure solutions to accelerate the adoption of natural gas as a transportation fuel,” said Mike Hosford, general manager of unconventional resources for GE Oil & Gas. “The CNG In A Box system is a unique fueling solution that brings together some of the best innovation from across GE to help fleet owners and everyday drivers realize the benefits of cleaner burning, abundant, more affordable natural gas.”
The CNG In A Box system compresses natural gas from a pipeline into CNG on site at a traditional automotive fueling station or industrial location. CNG-powered vehicles such as taxis, buses or small trucks, as well as individual consumer vehicles, can then refill their tanks using a dispenser with the same look and feel as a traditional diesel or gasoline dispenser.
GE Capital is offering financing for the CNG In A Box system.
With this solution, business owners can work with a single provider to acquire, finance and maintain their CNG In A Box system.
The CNG In A Box system’s eight-foot by 20-foot container is easy to ship and maintain due to its compact design, said the companies. Its modular design makes it plug-and-play on site. Wayne, A GE Energy Business, manufactures the dispensers that deliver the CNG from the CNG In A Box system unit to vehicles. These alternative fuel dispensers feature PCI-compliant pay-at-the-pump technology for a familiar and secure fueling experience. Using the same dispenser and payment terminal interfaces as Wayne petroleum dispensers simplifies point-of-sale (POS) integration.
As part of this collaboration between Fairfield, Conn.-based GE and Oklahoma City-based Peake Fuel Solutions, beginning in the fall of 2012 GE will provide more than 250 CNG In A Box systems for natural gas vehicle infrastructure.