“The partnership announced between GE and Chesapeake’s affiliate, Peake Fuel Solutions, combines Chesapeake’s natural gas expertise with GE’s extensive global manufacturing capabilities and will bring transformative products to industries and individual consumers across the U.S. These products and services will allow customers to enjoy the clear advantages of clean, affordable and abundant American natural gas at about half the cost of gasoline,” said Chesapeake CEO Aubrey K. McClendon.
The GE-Chesapeake collaboration is expected to incentivize operators to put more NGVs on the nation’s highways, and marks a significant milestone toward increasing energy independence while simultaneously lowering fueling costs and vehicle emissions in the United States.
Source: GE