Project management specialists Infrastructure Developments Corp. (IDVC) has signed a Memorandum of Understanding (MOU) with Alternative Energy Solutions (AES) to assist in developing, constructing and managing a compressed natural gas (CNG) distribution network for parts of the Southeastern United States.
IDVC says many states and municipalities are examining transition plans from gasoline and diesel to CNG fuels and are dedicating resources to the development of efficient CNG delivery systems. Currently, there are programs under way in many areas to convert gasoline and diesel based fleets to natural gas, including public transportation such as urban buses. The market must build efficient CNG delivery systems for these fleets to ensure convenient refueling and the ultimate success of CNG as a viable fuel option. AES is developing a model for the distribution and deployment of CNG and other alternative fuels.
AES is partnering with IDVC to assist in the development and execution of the projects, utilizing conventional funds as well as private and public incentives including tax credits.
CNG as a transportation fuel is gaining popularity due to the fact that it is comparatively inexpensive and clean-burning. Its supply is also abundant: the US has approximately 2,552 trillion cubic feet of natural gas reserves, an estimated 117 years of domestic supply.
“We are excited about this new relationship as we expand our operations into US markets,” said Thomas R. Morgan, CEO of IDVC. “Implementing new ‘green’ concepts is extremely important to us. Working with AES represents a unique opportunity to be on the forefront of CNG expansion.”
“Our modeling and systems development in the alternative fuels sector, especially in the CNG market, is a perfect fit for a company like Infrastructure,” said Webster Hanchey, President of AES.
This article compiled using information from an Industrial Developments Corp. press release.