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American Gas & technology

CEO: ray tate
Founded: 1990
Sector: energy, clean energy
Website: www.agtlng.com

American Gas & Technology produces fully automated LNG stations, allowing for low-cost production of LNG at customer sites for use as transportation fuel. Their refueling stations take natural gas directly from a local utility company’s existing pipelines and produce, store, and dispense LNG. AG&T’s initial target market is high-mileage commercial fleet vehicles that return to base each day. AG&T will incentivize commercial fleet operators by paying all upfront costs associated with the installation and conversion of their vehicles to LNG in exchange for a 5-year Take-or-Pay Fuel Purchase Agreement for minimum LNG volumes priced at a discount to prevailing market prices for diesel or gasoline.