Trillium CNG, a business wing of
Integrys Energy Group Inc.
), launched a new compressed natural gas ("CNG") fueling station
located at the prime trucking route of Tulare County on Exit 85 off
Interstate 99 between Fresno and Bakersfield in California.
The refueling station placed at the Roche Oil, Inc.'s Pacific Pride
Cardlock at 1120 E. Paige Avenue was constructed to offer easy
accessibility to heavy-duty fleet trucks. The unit is designed to
have two dual-hose dispensers which allow fueling of two
semitrailers simultaneously. It also features Trillium CNG's
fast-filled hydraulic intensifier compressor.
The station will serve as a primary fueling unit for Northwest Food
Products Transportation LLC which currently operates 17 CNG-fueled
trucks in the area. In addition to Northwest Food Products, the
unit will also provide services to other CNG-powered vehicles.
CNG is yet to catch on in the U.S. as petrol and diesel still
capture a major share of the transportation fuel market. The lack
of public access to fueling infrastructure is acting as a deterrent
for the CNG industry.As per Natural Gas Vehicle America, there are
roughly 142,000 gas powered vehicles currently on the roads with
only 1,325 refueling stations in place.
Integrys Energy is playing its role in the development of CNG
infrastructure across the country. Since Jun 2013, the company
opened 8 heavy duty public access CNG stations with the most recent
one at Oak Creek in Wisconsin with its joint venture partner EVO
Integrys Energy plans to add an additional 26 sites by the end of
2014 and anticipates having a total of 61 CNG stations either under
contract or in service by the end of this year. The ongoing shale
boom and increasing pro-environment government mandates will likely
prove to be a key catalyst for the company's CNG initiatives.
Meanwhile, the low-cost and clean burning nature of the fuel seems
to have caught the attention of the American automakers. However,
it will be sometime before CNG gains precedence over diesel, as
gas-fueled trucks are costlier than the existing diesel trucks.
Currently, Integrys Energy carries a Zacks Rank #3 (Hold).
Better-ranked utility operators include Zacks Ranked #1 (Strong
Black Hills Corp.
NRG Energy Inc.
Korea Electric Power Corp.
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INTEGRYS ENERGY (TEG): Free Stock Analysis
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