Full Headline: GE Capital and Clean Energy Form Strategic Alliance to Accelerate Adoption of Natural Gas in Trucking Industry
Watch for gov’t mandated NGV vehicles any moment now. Rentseekers gonna seek.
I’ve got no problem with this if its economically driven and government subsidies are not involved in the decision.
Great news! Finally exploiting our own natural gas energy supplies to benefit Americans!
I got an Amazon Store Card because I wanted $10 off an order. I read the fine print about extra charges and interest even if you are a day late with the payment. I immediately paid off and closed the account because, you guessed it, it was issued through GE Capital.
I will not sign any contract for our company which includes a GE Capital lease or any form of financing. We had several when I started here and the number of nickel and dime extra charges was so mind boggling that I got them banned. Occasionally, one of our "back-door" purchasers gets duped into signing a contract which is assigned to GE Capital. I call the company which originated the contract as soon as it comes to my attention and tell them to either assign it to another company or I'm canceling the contract. They assign it to another company.
GE Capital is a nasty outfit.
About a year ago the Oil & Gas division of GE teamed up with T.Boone’s Clean Energy Fuels.
GE and Clean Energy Fuels Partner to Expand
‘America’s Natural Gas Highway’
http://www.cleanenergyfuels.com/news/2012/11-13-12.html
November 13, 2012
GE (NYSE: GE) and Clean Energy Fuels (Nasdaq: CLNE) today announced a collaboration to expand the infrastructure for natural gas transportation in the United States. The agreement supports Clean Energy’s efforts in developing “America’s Natural Gas Highway®,” a fueling network that will enable trucks to operate on Liquefied Natural Gas (LNG) coast to coast and border to border. Truck fleets often can reduce fuel costs by more than 25 percent and lower emissions with LNG.
As part of the collaboration, Clean Energy Fuels will initially purchase two ecomagination-qualified MicroLNG plants from GE Oil & Gas. The plug-and-play modular units, which are designed to rapidly liquefy natural gas while minimizing a site’s physical footprint, will support fueling stations along critical transportation corridors that run across the U.S. Further underscoring GE’s commitment to expanding natural gas transportation infrastructure, GE Energy Financial Services is providing up to $200 million in financing for the two GE MicroLNG plants.
“GE is proud to be partnering with Clean Energy Fuels to develop natural gas infrastructure in the U.S. Clean Energy is an industry leader in pioneering a new way for America to fuel its vehicles and to further gain energy independence,” said GE Chairman and CEO Jeff Immelt. “With an abundance of cleaner, more affordable natural gas here in the U.S., this is an important opportunity for GE to join Clean Energy in changing the way America drives. It’s also a critical step in developing a natural gas-for-transportation fuel model that can be easily exported to other countries interested in exactly these kinds of breakthrough projects.”
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