- Increasing demand for alternative fuel vehicles
- Alternative fuel automotive products compatible with Clean Cities program
- LPG and CNG cost less than gasoline or diesel
Greenkraft, Inc. (OTCQB: GKIT) is driving in line with U.S. government energy policy. Since 2008, the Santa Ana, California-based manufacturer of alternative fuel automotive products has been at the forefront of the drive to introduce cleaner, greener, more efficient products in the transportation market. This mission aligns with U.S. government policy to make cities cleaner by reducing harmful vehicle emissions. Greenkraft’s commercial trucks are powered by a variety of alternative fuels. Spearheaded by the U.S. Department of Energy, the Clean Cities program has been a catalyst for transportation projects that advance U.S. energy independence, transform local markets, support regional economic development and reduce air pollution.
Launched in 1993, Clean Cities is a collaborative program between government and industry, designed to reduce petroleum consumption in the transportation sector. Its ultimate aim is to cut emission of greenhouse gases by this reduction of petroleum use in the auto sector, and the program has set a goal to ‘displace 2.5 billion gallons of petroleum annually, by 2020’. The hope is that this ambitious objective will be achieved by advancing and promoting the use of alternative fuels and vehicles, idle reduction technologies, hybrid electric vehicles, improved fuel blends and better fuel economy. All this is right up Greenkraft’s alley. The company manufactures eco-friendly trucks, as well as alternative fuel systems and engines that are more efficient than other products currently on the market.
Greenkraft’s range of commercial trucks are ideal for food services, electrical contractors, construction, pest control, plumbing, vending, landscaping, and many more industrial applications. They have a gross vehicle weight rating (GVWR) that comprises 14,500 lbs, 15,950 lbs and 17,950 lbs for the G1; 19,500 lbs for the G2; 26,000 lbs for the G3 and 33,000 lbs for the G4. All models are powered by a General Motors 6.0 liter V8. Maximum power for the G1 and G2 is 323 horsepower at 4,600 rpm, while for the G3 and G4 it is 375 horsepower at 3,200 rpm. Fuel options of all models are compressed natural gas (CNG), liquid propane or gasoline. CNG is mainly methane obtained from natural gas, oil wells and coal beds that has been compressed to a pressure of around 200 times normal atmospheric pressure, while propane is typically obtained as a by-product of natural gas processing or petroleum refining.
Natural gas associations, natural gas producers and utilities like the Southern California Gas Company (SoCalGas) are also part of the Clean Cities project. They provide much-needed data on the cost benefits of alternative fuels. For example, a recent study by SoCalGas showed that vehicles powered by CNG offered substantial advantages over vehicles powered by gasoline or diesel (http://nnw.fm/bNSW3).
Greenkraft is currently enjoying a dramatic surge in demand for its trucks from various fleet operators all across the country, as the company recently announced (http://nnw.fm/Gj8LD). This increased interest is due to the many government incentives (tax credits and deductions) available to companies that switch to alternative energy trucks. Moreover, Greenkraft controls nearly all of the market share in the clean energy truck market. The company is the only manufacturer offering trucks that run on both clean energy CNG and LPG. Both of these fuels are in ample supply. The U.S. is now the world’s largest producer and exporter of LPG, and it has, since 2009, surpassed Russia as the world’s top producer of natural gas. In light of these statistics, there is no doubt that Greenkraft is on the right track.
For more information, visit the company’s website at www.GreenkraftInc.com
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