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Clean Energy Fuels teams with GE to boost natural gas-fueled trucks

  • Shares of Clean Energy Fuels (CLNE +3.7%) are strong after the company said it had struck a deal with GE Capital (GE +2.4%) that will help companies finance purchases and leases of natural gas-fueled trucks.
  • The agreement would allow truck fleet operators to obtain natural gas fueling contracts with CLNE and then apply for loans and leases from GE Capital CLNE would then would help offset the monthly cost of a natural gas truck to make it comparable to the cost of a diesel truck.
  • Analysts say the CLNE-GE arrangement would effectively remove the upfront capital differential that still favors diesel.
Comments (7)
  • rcarterbrown
    , contributor
    Comments (13) | Send Message
     
    Good news!
    21 Oct 2013, 04:10 PM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (8085) | Send Message
     
    Good action! If only the US gov would adopt some natural gas transportation initiatives like those in China, Russia, the EU, and Brazil, we could really kick this thing in high gear and make the progress we need to be making after wasting years thinking EVs were going to be the "solution".
    21 Oct 2013, 05:16 PM Reply Like
  • Walter P. Chrysler
    , contributor
    Comments (300) | Send Message
     
    far better for the Government to do nothing actually. The profits in this venture will amount to the trillions and will start freeing up "grid space" for the cheapest forms of electrical generation the world has ever seen (geothermal, wind and hydro.) in theory coal can then be used as a heating fuel (by far its best purpose)...hauled via rail to distribution points where "good 'ol 'mericans" can come with their pick up truckst and haul it away obviating the need for oil and natural gas for heating FOREVER.
    21 Oct 2013, 10:54 PM Reply Like
  • jmpbrown
    , contributor
    Comments (39) | Send Message
     
    What are you a coal miner. There are no good jobs in the coal mines. Shut them all and give the miners a full pension. Thats what they did in Scotland years ago. Natural Gas as a fuel to generate the electricity for electric cars. Nuclear power for electricity to heat our homes.
    22 Oct 2013, 12:56 AM Reply Like
  • sjburkh
    , contributor
    Comments (3) | Send Message
     
    Michael, do you really want the government involved in energy? I used to live within five miles of a natural gas fueling station that sold natural gas to short haul trucking operations. The station sits next to a pipeline. If there are real financial benefits to natural gas as a motor fuel, suppliers and vehicle manufacturers will respond. The electric cars that the Government now supports with our tax dollars were a failure a hundred years ago, they don't make economic sense now either. We don't need more political bundlers getting even more wealthy through corruption and "energy policy".
    22 Oct 2013, 09:58 PM Reply Like
  • jmpbrown
    , contributor
    Comments (39) | Send Message
     
    The government is up to their eyeballs in Energy. They always have been or is it the other way around? If you think suppliers will go against government policy you have another think coming. Big money controls it all and if they have the best interest of the country at heart I'll eat my hat. I am more interested in what best for the country. As long as we have markets people will make money ether way it goes not just the ones that control things.
    24 Oct 2013, 09:48 AM Reply Like
  • mike in montana
    , contributor
    Comments (6) | Send Message
     
    Keep the gov out of it...you are absolutely correct sj. That the gov tentacles are involved in the market is the problem, not the solution.
    24 Oct 2013, 03:46 AM Reply Like
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