Direct Energy Business
Market Data For Your Home Contact Us

Direct Energy Business Continues to Expand Compressed Natural Gas Offerings for Customers

read | Share:

In November 2013, Direct Energy announced a partnership with Xpress Natural Gas to deliver compressed natural gas (CNG) to off-pipeline industrial and commercial businesses and institutions in the State of New York. The companies are currently working together to develop a CNG production facility and distribution terminal.

More recently, Direct Energy Business expanded its CNG offerings for customers by entering into an agreement with American Natural Gas (ANG) to provide turnkey CNG fueling solutions for Direct Energy Business’ current and future fleet customers.

The agreement provides that ANG will furnish, and in most instances, own all necessary station infrastructure for clients identified by both Direct Energy Business and ANG. Direct Energy Business will lead marketing efforts and a client acquisition strategy, provide natural gas and electric commodities to the fueling stations, and identify the optimal commodity contract terms for a client’s desired CNG output pricing structure. The two companies will work together to structure tailored gas agreements.

This is an exciting deal as Direct Energy Business continues to expand its CNG offerings to those businesses in need of a cleaner and less expensive alternative to diesel and gasoline.

Posted: September 04, 2014