GE
Capital Fleet Services today announced an agreement with VNG.co,
a national CNG fueling facility provider, to support the expansion of
the CNG refueling infrastructure for light-duty fleet vehicles.
With interest rising in CNG as a lower-cost, low-emissions fuel for
light-duty fleets, GE Capital Fleet Services’ agreement with VNG is
aimed at connecting and incenting fleet owners to use CNG-fueled
vehicles.
Through the agreement with VNG, GE Capital Fleet Services’ customers
will be able to take advantage of the increasing accessibility of CNG
fueling stations, minimize overall fuel costs and meet financial and
environmental objectives through the use of a lower cost, more stably
priced, environmentally friendly and domestically sourced fuel.
VNG offers the benefits of fast-fill CNG fueling within existing retail
gasoline stations, eliminating the need for fleets to own and maintain
their own refueling stations. GE Capital Fleet Services works with its
customers to identify opportunities to utilize natural gas vehicles
(NGVs) within their fleets, and will work with VNG to pinpoint where
additional fueling infrastructure is needed. VNG uses the GE
CNG In A Box system for faster, easier deployment of its CNG fueling
stations.
“We know from our customers that many commercial fleets want to adopt
CNG vehicles. The barrier is the cost and availability of CNG fueling
stations. Our alliance with VNG is a step toward breaking down this
barrier,” said Kristi Webb, CEO of GE Capital Fleet Services.
“We’re working with VNG to make the connection between providers driving
growth of the CNG refueling infrastructure – in the right markets and
locations – and owners who want to grow their CNG fleets. This is one of
several initiatives and alliances that GE has undertaken to advance the
infrastructure for CNG as well as other alternative fuels,” Webb said.
“We are extremely pleased to work with GE Capital Fleet Services to make
NGVs a smart, cost-effective and simple choice for fleet owners,” said
Robert Friedman, Chief Operating Officer, VNG. “Our collaboration with
GE Capital Fleet Services supports our mission of increasing the
availability of convenient fast-fill CNG fueling to provide a high
quality experience comparable to liquid fuels for all drivers of
light-duty NGVs.”
About VNG.CO
VNG offers a nationwide CNG fueling solution to support and accelerate
the widespread use of light-duty NGVs by national and regional fleets,
and eventually the mass-market consumer segment. VNG takes
responsibility for the installation, maintenance, monitoring and
operation of its company-owned equipment, providing fleets with
cost-effective, turnkey CNG fueling services located within existing
retail gasoline stations. VNG is the nation’s CNG fueling solution.
For more information, please visit the company's website at www.vng.co
or call (610) 709-5500.
About GE Capital Fleet Services
GE Capital Fleet Services, based in Eden Prairie, Minn., is a global
fleet management company. With strategic consulting, deep analytical
insights and experience in every industry, we’re uniquely positioned to
help you continuously drive results – from the road all the way to the
board room. In 2013, our fleet customers realized $209
million in savings through opportunities identified by our fleet
team. Visit the website at www.gefleet.com
or follow the company’s eco news and updates via Twitter (@GEFleetSvcs).
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (@GECapital).
GE (NYSE:GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com.
Copyright Business Wire 2014