Thanks to the relatively stable price of natural gas, expected to remain low, the conversion of light duty trucks to natural gas has accelerated, increasing demand for Quantum's carbon composite high capacity CNG storage systems, the lightest in the industry. Quantum tanks make relatively simple vehicle conversion possible, eliminating the heavy structural reinforcement necessary to the utilization of heavier tanks.
Lightweight tanks also lower operation and maintenance costs while improving mileage and payload capacity. Lightweight tanks enable trucks and buses to carry much more fuel, operating for long distances without compromising their driving characteristics.
"We are pleased with the repeat business, and positive feedback from integrators and customers on the product quality and upfront and on-going financial and operational benefits of using Quantum's lightweight CNG systems," said Alan P. Niedzwiecki, Quantum's President and CEO.
With the current volatility of the markets coupled to an unpredictable price for gas and diesel fuel in the long run, fleet managers can save from 30 to 70 percent of their operating costs by converting to cleaner burning natural gas. The California Energy Commission states natural gas-powered heavy-duty vehicles reduce greenhouse gas emissions up to 23 percent and particulates up to 95 percent as compared to conventional diesel-powered models, thereby saving money and running greener.
Such existing systems and capabilities are part and parcel to fulfilling the goals of the Obama administration’s CAFE requirements, even though those only apply to manufacturers.
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's wholly owned subsidiary, Schneider Power Inc., and affiliate Asola Advanced and Automotive Solar Systems GmbH complement Quantum's emerging renewable energy presence through the development and ownership of wind and solar farms, and manufacture of high efficiency solar modules. Quantum's portfolio of technologies includes electronic controls, hybrid electric drive systems, natural gas and hydrogen storage and metering systems and alternative fuel technologies that enable fuel-efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and natural gas vehicles.