GE and Chesapeake Energy Launch CNG In A Box™ System at NACS 2012
*Infrastructure Solution to Accelerate Natural Gas as a Transportation Fuel
*Enables Easy Adoption of Natural Gas Refueling Options for Large- and
*Provides a Simple, Lower-Cost Fueling Experience for Consumers and a
Higher-Margin Solution for Facility Operators Compared to Gasoline or
*Financing Offered by GE Capital Provides Competitive Rates and Flexible
NACS Show 2012 Booth #6101
LAS VEGAS -- October 08, 2012
GE (NYSE: GE) and Peake Fuel Solutions, an affiliate of Chesapeake Energy
Corporation (NYSE: CHK), today launched the CNG In A Box™ system, which allows
easier adoption of compressed natural gas (CNG) refueling options for large-
and small-scale retailers. The solution was unveiled at the National
Association of Convenience Stores (NACS) 2012 Annual Show.
GE and Peake Fuel Solutions, an affiliate of Chesapeake Energy Corporation,
today launched the CNG I ...
GE and Peake Fuel Solutions, an affiliate of Chesapeake Energy Corporation,
today launched the CNG In A Box™ system, which allows easier adoption of
compressed natural gas refueling options for large- and small-scale retailers.
(Photo: Business Wire)
Natural gas is an abundant, reliable and cleaner-burning source of energy for
consumers and commercial users. A vehicle fleet operator that uses the CNG In
A Box ^ system for natural gas fueling instead of traditional gasoline fueling
can save about 40 percent in fuel costs^1. The CNG In A Box system is a
plug-and-play on-site fueling solution that comes with everything retailers
need to add low-cost natural gas fuel to their operations quickly and simply.
This GE ecomagination™ qualified refueling option provides an easy, lower-cost
fueling experience for consumers and a higher-margin solution for facility
operators compared to gasoline or diesel.
“In collaboration with Peake Fuel Solutions, GE is developing infrastructure
solutions to accelerate the adoption of natural gas as a transportation fuel,”
said Mike Hosford, general manager—Unconventional Resources, GE Oil & Gas.
“The CNG In A Box system is a unique fueling solution that brings together
some of the best innovation from across GE to help fleet owners and everyday
drivers realize the benefits of cleaner burning, abundant, more affordable
“After working extensively with GE to develop the CNG In A Box system, we are
excited to unveil it at NACS and to the fueling industry overall. Combining
Peake Fuel Solutions’ natural gas expertise and GE’s breadth of cross-industry
technology capabilities will advance the use of abundant and affordable
natural gas fueling solutions,” said Kent Wilkinson, vice president—Natural
Gas Ventures, Chesapeake.
The CNG In A Box system compresses natural gas from a pipeline into CNG
on-site at a traditional automotive fueling station or industrial location.
CNG-powered vehicles such as taxis, buses or small trucks, as well as
individual consumer vehicles, can then refill their tanks using a dispenser
with the same look and feel as a traditional diesel or gasoline dispenser.
GE ecomagination Vice President Mark Vachon said, “Natural gas is produced at
a relatively lower cost and is cleaner burning than gasoline or diesel
fuel—natural gas vehicles can show an emissions reduction of up to 80 percent
compared to gasoline vehicles^2. Through ecomagination, we'll continue to
deliver to the industryinnovative solutions that deliver both great economics
and environmental performance, and the CNG In A Box system exemplifies this
Financing for the CNG In A Box system is offered by GE Capital, providing
competitive rates and flexible payment options. By combining an entire
acquisition—including equipment, delivery and installation—into a single
monthly payment, Peake Fuel Solutions’ customers can structure payments
according to their cash flow and eliminate the costs and time associated with
paying multiple vendors. With this solution, business owners can work with a
single provider to acquire, finance and maintain their CNG In A Box system.
The CNG In A Box system’s 8 foot x 20 foot container is easy to ship and
maintain due to its compact design. Its modular and novel design makes it
plug-and-play on-site. Wayne, A GE Energy Business, manufactures the
dispensers that deliver the CNG from the CNG In A Box system unit to vehicles.
These alternative fuel dispensers feature PCI-compliant pay-at-the-pump
technology for a familiar and secure fueling experience. Using the same
dispenser and payment terminal interfaces as Wayne petroleum dispensers
simplifies point of sale integration.
As part of this collaboration between GE and Peake Fuel Solutions, beginning
in the fall of 2012 GE will provide more than 250 CNG In A Box systems for
natural gas vehicle infrastructure.
To learn more about the CNG In A Box system, visit us online or stop by the
Peake Fuel Solutions booth at the NACS show (booth #6101).
Ecomagination is GE’s commitment to imagine and build innovative solutions to
today’s environmental challenges while driving economic growth. For more on
ecomagination, please visit: www.ecomagination.com.
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.
About Chesapeake Energy Corporation
Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of
natural gas, a Top 15 producer of oil and natural gas liquids and the most
active driller of new wells in the U.S. Headquartered in Oklahoma City, the
company's operations are focused on discovering and developing unconventional
natural gas and oil fields onshore in the U.S. Chesapeake owns leading
positions in the Eagle Ford, Utica, Granite Wash, Cleveland, Tonkawa,
Mississippi Lime and Niobrara unconventional liquids plays and in the
Marcellus, Haynesville/Bossier and Barnett unconventional natural gas shale
plays. The company also owns substantial marketing and oilfield services
businesses through its subsidiaries Chesapeake Energy Marketing, Inc. and
Chesapeake Oilfield Services, L.L.C. Further information is available at
www.chk.com where Chesapeake routinely posts announcements, updates, events,
investor information, presentations and news releases.
About Peake Fuel Solutions
Peake Fuel Solutions advances innovative fuel solutions with products and
services that create demand for clean, affordable natural gas. A significant
focus of PFS is to increase compressed natural gas (CNG) and liquefied natural
gas (LNG) infrastructure across the U.S. Other PFS projects include
development of on-road and off-road technologies that reduce emissions and
dramatically cut fuel expenses for the trucking, maritime, rail and oil and
gas industries. An affiliate of Chesapeake Energy Corporation, Peake leverages
the expertise of other Chesapeake affiliates to implement many of its fuel
solutions. Further information is available at www.peakefuelsolutions.com.
^1 Assuming 25,700 miles per year driven, gasoline priced at $3.50/gallon and
CNG at $2.09/gasoline gallon equivalent.
^2 Calfornia Energy Commission – Consumer Education Center:
ecomagination is a trademark of the General Electric Company
CNG In A Box is a trademark of the General Electric Company
© 2012 General Electric Company—All rights reserved
GE Oil & Gas
Abby Van Uum
Chesapeake Energy Corporation
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