GE Capital, Clean Energy partner to push natural gas conversion in trucking

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GE Capital Transportation Finance and Clean Energy Fuels have formed a partnership aimed at accelerating the conversion fleet among trucking companies from diesel-powered trucks to those using natural gas.

Fleets who take part in the program will first work with Clean Energy — the largest natural gas provider in North America — to develop a natural gas fueling contract, then work with GE Capital to get the necessary loans and leases to acquire the equipment, like natural gas trucks.

If the fleet makes a fuel commitment, Clean Energy will help offset the monthly costs of natural gas-powered trucks.

“We think this alliance will help to open up the natural gas market for long-haul operators,” said Dan Clark, president and general manager of GE Capital, Transportation Finance. “The alliance will support the parties’ mutual goal of reducing the financial impact of transitioning to natural gas and lowering the industry’s environmental footprint.”