November 13, 2012
Last week, we discussed Clean Energy Fuels (Nasdaq: CLNE ) , 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 (NYSE: GE ) . 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.
The movement toward alternative energy is gaining momentum, and 2013 looks to be a big year for alternative energy industries. One potential opportunity in this field is Clean Energy Fuels, which focuses its natural gas efforts primarily on trucking and fleets. It's poised to make a big impact on an essential industry. Read all about Clean Energy Fuels in our brand-new report. Just click here to get started.