Last week, we discussed Clean Energy Fuels (CLNE 1.32%), and explained that the company would need help from strategic partners in order to expand its footprint. Today, the company announced another alliance, this time with General Electric (GE 0.55%). Clean Energy agreed to purchase two MicroLNG plants, which will create an initial capacity of 250,000 gallons per day of LNG. The capacity will help fuel long range, heavy duty trucks that will operate using the recently announced Cummins Westport 12-liter LNG engine, which will be ready next year. This move with allow Clean Energy to fuel approximately 28,000 heavy trucks and, while this will not spring the company to immense profits, it is one more solid step in the right direction.
A big alliance for Clean Energy Fuels.
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Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.
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