Clean Energy Begins Program to Fund Natural Gas Trucks
Clean Energy Fuels Corp. has begun its Zero Now Financing program, according to the Newport Beach, Calif.-based company.
Zero Now Financing makes the cost of purchasing a new natural gas heavy-duty truck equipped with the Cummins Westport ISX12N near-zero engine equal or lower in price than the same truck equipped with a diesel engine, according to Clean Energy.
In May, Clean Energy reported French oil and gas company Total S.A. had become its largest stockholder and would underwrite a leasing program meant to accelerate the use of natural gas fuel in North American heavy-duty trucks.
Also, motor carriers financing or purchasing trucks through Zero Now Financing will be able to buy natural gas fuel at a fixed price significantly discounted to diesel for the term of the financing/lease through a unique hedging program.
“This combination will give fleets a considerable sustainability advantage, which could result in winning more business,” Clean Energy CEO Andrew Littlefair said in a statement.
