Differing business models in CNG refueling could be complementary

Various companies are putting forth competing technologies as the industry of developing natural gas as a vehicle fuel grows.
by Adam Wilmoth Modified: September 20, 2013 at 8:00 pm •  Published: September 19, 2013
Advertisement
;

Feighner spoke at the 2013 Energy Policy and Future of Passenger Transportation Conference sponsored by Oklahoma City University's Meinders School of Business.

Refueling obstacle

Kavita Khatri, global innovation new business lead at Whirlpool Corp., expressed a similar sentiment.

“There is room in the market for both home refueling and filling stations,” Khatri said. “There are many applications where each makes the most sense.”

Of the more than 240 million vehicles are on the roads throughout the country, only 120,000 — or 0.05 percent — run on CNG.

Of the country's 122,000 gas stations, only 1,207 offer CNG. Only 578 of those are open to the public.

Refueling is seen as a major obstacle, especially outside of Oklahoma, California and New York, home to many of the existing stations offering CNG.

The option that develops first could gain significant market share, but only if the CNG industry takes hold.

If not, the first movers could find themselves on the hook for investments that never develop.

by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
+ show more


Trending Now


AROUND THE WEB

  1. 1
    VIDEO: FSU's Jameis Winston sent to locker room by Jimbo Fisher after dressing out for Clemson game
  2. 2
    Big 12 football: K-State's Snyder among nation's most underrated coaches in ESPN poll
  3. 3
    Texas A&M fan wearing what appears to be a chain mail jersey
  4. 4
    Satanic black mass seeks to free people from influence of God, organizer says
  5. 5
    Owasso beats Jenks for first time since 1993; Union rolls past BA
+ show more