July 18, 2018 1:45 PM, EDT

Clean Energy Begins Program to Fund Natural Gas Trucks

Clean Energy FuelsClean Energy Fuels

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.