Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW), an alternative energy company, has secured a purchase contract for 200 additional ultra-light weight high capacity compressed natural gas (CNG) storage systems from a large US natural gas vehicle integrator of light-duty trucks. Lightweight tanks enable trucks and buses to carry significantly more fuel on board and operate for long distances without compromising their payload capacity or driving characteristics.
The company says relatively low natural gas prices, projected to remain low for the foreseeable future, have stimulated the market for conversion to natural gas fuel and associated technologies, including Quantum’s carbon composite high capacity CNG storage systems. Light-weight tanks help to lower operation and maintenance costs and to improve gas mileage and payload capacity.
“We are pleased with the repeat business, and positive feedback from integrators and customers on the product quality and upfront and on-going financial and operational benefits of using Quantum’s lightweight CNG systems,” said Alan P. Niedzwiecki, Quantum’s President and CEO.
With the price of gasoline and diesel near $4.00/gallon, and natural gas prices consistently staying low, fleet owners can now save 30-70% of the operating costs by shifting to clean burning natural gas. According to the California Energy Commission, natural gas-powered heavy duty vehicles reduce greenhouse gas emissions by up to 23% and particulate matter by up to 95% compared to conventional diesel-powered models, so fleets can save money and be green.
(This article compiled using information from a Quantum Technologies press release)