TruStar Energy powers up with 120 CNG stations
TruStar Energy has already developed 120 compressed natural gas (CNG) stations in the United States. In 2015, it built 41 stations both for public and private use, according to a company release.
Despite the increase, the CNG infrastructure in the country is still lacking and has continued to pose a challenge to a wider adoption of CNG in the US fleet industry and if it can keep up with the increasing demand.
CNG stations promise more stable pricing, cleaner source of energy, and attractive investment returns.
“We are seeing strong demand for CNG fueled vehicles and fueling stations in the refuse industry because of the financial benefits and by municipalities where sustainability is of paramount importance. With the right application, larger corporations that operate their own fleets are beginning to shift to CNG because the economics can still be supported and the abundant, domestically produced fuel shields them from the volatility of diesel prices,” said Adam Comora, President of TruStar Energy.
The company is likewise optimistic in 2016 as it forecasts revenue growth and further expansion.
“Based on our contracted pipeline, TruStar Energy will be approaching 80 million GGE (gasoline gallon equivalent) under long term service agreements by the end of 2016,” the release further said.
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