GE and Peake Fuel Solutions, an affiliate of Chesapeake Energy Corporation today launched the CBG in a Box syste, which allows easier adoption of compressed natural gas (CNG) refueling options for large- and small-scale retailers.
The solution was unveiled at the 2012 annual show of the National Association of Convenience Stores.
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 percent in fuel costs1. The CNG In A Box system is a plug-and-play on-site fueling solution that comes with everything retailers need to add low-cost natural gas fuel to their operations quickly and simply. This GE option provides an easy, lower-cost fueling experience for consumers and a higher-margin solution for facility operators compared to gasoline or diesel.
"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--Unconventional Resources, 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."
"After working extensively with GE to develop the CNG In A Box system, we are excited to unveil it at NACS and to the fueling industry overall. Combining Peake Fuel Solutions' natural gas expertise and GE's breadth of cross-industry technology capabilities will advance the use of abundant and affordable natural gas fueling solutions," said Kent Wilkinson, vice president--Natural Gas Ventures, Chesapeake.
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 ecomagination Vice President Mark Vachon said, "Natural gas is produced at a relatively lower cost and is cleaner burning than gasoline or diesel fuel--natural gas vehicles can show an emissions reduction of up to 80 percent compared to gasoline vehicles2. Through ecomagination, we'll continue to deliver to the industry innovative solutions that deliver both great economics and environmental performance, and the CNG In A Box system exemplifies this commitment."
Financing for the CNG In A Box system is offered by GE Capital, providing competitive rates and flexible payment options. By combining an entire acquisition--including equipment, delivery and installation--into a single monthly payment, Peake Fuel Solutions' customers can structure payments according to their cash flow and eliminate the costs and time associated with paying multiple vendors. 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 8 foot x 20 foot container is easy to ship and maintain due to its compact design. Its modular and novel 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 integration.
As part of this collaboration, beginning in the fall of 2012 GE will provide more than 250 CNG In A Box systems for natural gas vehicle infrastructure.
To learn more about the CNG In A Box system, visit us online or stop by the Peake Fuel Solutions booth at the NACS show (booth #6101).
Ecomagination is GE's commitment to imagine and build innovative solutions to today's environmental challenges while driving economic growth. For more on ecomagination, please visit: www.ecomagination.com.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.