GE Capital Fleet Services has announced an agreement with VNG.co that allows its customers to access the fuel provider's CNG refueling infrastructure for light-duty fleet 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, according to the fleet management company.
"We know from our customers that many commercial fleets want to adopt CNG vehicles," said Kristi Webb, CEO of GE Capital Fleet Services. "The barrier is the cost and availability of CNG fueling stations. Our alliance with VNG is a step toward breaking down this barrier."
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 GE's CNG In a Box system for faster, easier deployment of its CNG fueling stations.
"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, VNG's chief operating officer. "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."