GE and Peake Fuel Solutions, an affiliate of Chesapeake Energy Corp., on Oct. 8 launched the CNG In A Box system, which allows easier adoption of compressed natural gas (CNG) refueling options. The solution was unveiled at the National Association of Convenience Stores (NACS) 2012 Annual Show.
The CNG In A Box system, measuring 8 feet by 20 feet, is a plug-and-play on-site fueling solution that comes with everything customers need to add natural gas fuel to their operations. The system compresses natural gas from a pipeline into CNG on-site at a fueling station. Drivers can fuel using a dispenser with the same look and feel as a traditional diesel or gasoline dispenser.
Financing for the CNG In A Box system is offered by GE Capital. By combining an entire acquisition — including equipment, delivery and installation — into a single monthly payment, 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, according to a release from the companies.
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 and use the same dispenser and payment terminal interfaces as Wayne petroleum dispensers.
GE and Chesapeake estimate CNG vehicles can reduce annual fuel costs by up to 40% and reduce CO2 emissions by fuel combustion by about 24%. The system is now available for ordering.