Quantum Fuel Systems Technologies Worldwide Inc. (Irvine, Calif., USA) on April 11 announced that it has secured a new purchase contract for 250 ultra-light weight compressed natural gas (CNG) tanks from a large U.S. natural gas vehicle integrator of light-duty trucks.
Quantum's carbon composite ultra-light weight, high-capacity CNG tanks are said to be the lightest in the industry. Quantum tanks enable relatively simple vehicle integration, avoiding the cost of heavy structural reinforcement that is necessary to integrate competing heavier tanks. Light-weight tanks also help to reduce operation and maintenance costs and to improve gas mileage and payload capacity.
"Quantum's light-weight CNG tanks are ideal for weight-sensitive applications, providing our customers with upfront and on-going financial and operational benefits," said Alan P. Niedzwiecki, Quantum's president and CEO. "We are pleased with the enthusiastic response from our customers and excited about the potential for accelerated adoption of natural gas vehicles under President Obama's new energy policy that emphasizes domestically produced natural gas fuel, and the proposed New Alternative Transportation to Give American Solutions (NAT GAS) Act, which would give five-year tax credits to encourage the production and purchase of natural gas-powered vehicles."
With the price of gasoline and diesel above $4.00/gallon, and natural gas prices consistently staying low, fleet owners can now save 30 to 70 percent of the operating costs by shifting to clean burning natural gas. According to the California Energy Commission, natural gas-powered heavy duty vehicles reduce greenhouse gas emissions by up to 23 percent and particulate matter by up to 95 percent compared to conventional diesel-powered models.