The Growing Market for Natural Gas Vehicles
CNG Now! is out with a new video on the growing market for natural gas vehicles:
Chesapeake Energy (NYS: CHK) is one of the companies investing in the infrastructure for natural gas vehicles. In July of last year the company announced a $1 billion fund to invest in companies building out natural gas infrastructure. Its first investment was a $150 million investment in Clean Energy Fuels (NAS: CLNE) , which is building out a natural gas refueling station network.
Another company working on growing the market for natural gas vehicles is Westport Innovations (NAS: WPRT) , which provides the technology to build and convert engines to run on natural gas. On the industrial side, Westport is partnering with large manufacturers such as Cummins and Caterpillar. For consumer-facing applications, Westport will design engines for General Motors (NYS: GM) light-duty vehicles and power Ford (NYS: F) pickups with its bi-fuel system.
Analysts at The Motley Fool are excited by the potential of CNG technology and have written a free report on a small company converting existing fleets into clean-burning powerhouses. This stock could take off when the Nat Gas Act passes, so don't miss this opportunity to profit from clean energy today.
At the time this article was published Dan Dzombakcan be found on his Facebook page.Click hereand like his Facebook page to follow his investing articles. The Motley Fool owns shares of Ford Motor.Motley Fool newsletter serviceshave recommended buying shares of Westport Innovations, General Motors, Ford Motor, and Chesapeake Energy.Motley Fool newsletter serviceshave recommended creating a synthetic long position in Ford Motor. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.