GE and Peake Fuel Solutions, an affiliate of Chesapeake Energy Corporation, launched the CNG In A Box system, which allows easier adoption of compressed natural gas (CNG) refueling options for large- and small-scale retailers. (Earlier post.) The solution was unveiled at the National Association of Convenience Stores (NACS) 2012 Annual Show.
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, according to the partners.
The CNG In A Box system compresses natural gas from a pipeline using a GE high-speed reciprocating compressor 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.
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 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.
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.