SOURCE: Paragon Financial Limited

Paragon Financial Limited

October 04, 2012 08:20 ET

Clean Energy Fuels and Westport Innovations Look to Benefit as Access to NGV Infrastructure on the Rise

The Paragon Report Provides Stock Research on Clean Energy Fuels and Westport Innovations

NEW YORK, NY--(Marketwire - Oct 4, 2012) - Rising diesel costs combined with stricter emissions restrictions have boosted the demand for natural gas vehicles (NGV) in the U.S. According to data from the Energy Information Administration in 2011 the use of natural gas as a vehicle fuel in the U.S. has risen 7.1 percent year-over-year and nearly 40 percent since 2006. The Paragon Report examines investing opportunities in the Alternative Fuels Industry and provides equity research on Clean Energy Fuels Corp. (NASDAQ: CLNE) and Westport Innovations Inc. (NASDAQ: WPRT) (TSX: WPT).

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Some of the major obstacles in the way of widespread NGV adoption in the U.S. have been the access to infrastructure and costs. The Gas Technology Institute (GTI) and the Center for Electromechanics at the University of Texas at Austin (UT-CEM) are currently working together to develop a cost-effective at-home natural gas refueling system. The new system would reduce the cost of home fuelling systems from $4,000 to under $2,000. The U.S. Department of Energy has provided a $4 million grant to fund the project.

Paragon Report releases regular market updates on the Alternative Fuels Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

The Gas Technology Institute recently introduced the FuelMule, a mobile fast-fill compressed natural gas (CNG) fueling station for fleets of trucks/busses, at the 2012 Republican and Democratic National Conventions.

"This technology helps to overcome the capital investment issues associated with building new fueling infrastructure," says Tony Lindsay, R&D director at GTI. "In the past, there haven't been enough NGVs to justify the high investment in building many fueling stations, and there are too few stations to allow widespread growth and adoption of NGVs in various fleets. This new innovation can work to balance things out with its ability to bring fueling capability to where it's most needed."

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