Hydrogen Production Technology for Natural Gas Production Adds to Revenue Growth Opportunities in Alternative Fuels Sector

07 Sep, 2016, 08:30 ET from FN Media Group, LLC

CORAL SPRINGS, Florida, September 7, 2016 /PRNewswire/ --

The alternative fuels sector continues to see various forms of growth in areas such as hydrogen based fuels and carbon fuel cell technology.  The Carbon Fuel Cell Technology industry as example is poised to jump in growth as production companies refine the newest and innovative technologies for natural gas producing opportunities.  Alternative / Renewable Energy and Fuel Production developments in the markets today of note concern Xfuels Inc. (OTC: XFLS), FuelCell Energy, Inc. (NASDAQ: FCEL), Clean Energy Fuels Corp.(NASDAQ: CLNE), Green Plains Inc. (NASDAQ: GPRE) and Westport Fuel Systems Inc. (NASDAQ: WPRT).

Xfuels Inc.  (OTC: XFLS) is pleased to report on joint venture progress.  Area 2 Energy completed swabbing its first test group of 7 wells and results were very encouraging. Swabbing is a method of removing water from the wells in order to allow the gas to flow better which translates into increased production.  Prior to the swabbing the group of wells was producing an average of 68 GJ/day and post swabbing an immediate increase was recorded of 230 GJ/day giving a net increase of approximately 230%.

Read the full Xfuels (XFLS) Press Release at: http://financialnewsmedia.com/profiles/xfls.html

Mr. Michael McLaren states "The increase in natural gas production represents a group of some of our best producers and as we begin to clean out more wells we believe the results will be as impressive." He further stated "The test swabbing is proof that by implementing the full capital plan to increase the well production will dramatically increase profitability."   Area 2 will continue the swabbing program on 100 additional wells over the next few weeks as per the capital plan and will analyze the results.  Area 2 currently owns and operates 350 wells on the Atlee property.  XFLS closed up over 40% yesterday on over 4 Million shares traded by the market close ahead of today's breaking news.

In other alternative / renewable energy news in the markets: 

FuelCell Energy, Inc. (NASDAQ: FCEL), a global leader in the design, manufacture, operation and service of ultra‐clean, efficient and reliable fuel cell power plants, today announced the development of a utility scale power project to showcase industry leading electrical efficiency that enables utilities to affordably and cleanly solve power generation challenges in land-constrained areas.  Construction will begin within weeks for a 3.7 megawatt fuel cell power plant at a location in Danbury, Connecticut, following recent approval by the Connecticut Siting Council.

Clean Energy Fuels Corp. (NASDAQ: CLNE) announced that it has been awarded a multi-year contract for Washington Metropolitan Area Transit Authority (WMATA), which provides transit services to more than 4 million people across the National Capital Region. The contract covers two transit stations that supply over 580 compressed natural gas (CNG) transit vehicles and represents approximately 6 million Gasoline Gallon Equivalents (GGEs) per year.

Green Plains Inc. (NASDAQ: GPRE) last month announced that it was the successful bidder on three ethanol plants for sale by Abengoa Bioenergy conducted under the provisions of the U.S. Bankruptcy Code. The company will purchase the Madison, Ill., Mount Vernon, Ind. and York, Neb. ethanol facilities, with combined annual production capacity of 236 million gallons per year, for approximately $237 million in cash, plus certain working capital adjustments.

Westport Fuel Systems Inc. (NASDAQ: WPRT) provides the next generation natural gas engine and vehicle technology solutions to comply with the recently announced standards for greenhouse gas ("GHG") emissions and fuel efficiency.  Recent, the U.S. Environmental Protection Agency ("EPA") and the Department of Transportation's National Highway Traffic Safety Administration ("NHTSA") jointly released the Phase 2 GHG emissions and fuel efficiency standards for medium- and heavy-duty vehicles. These rules are the product of nearly two years of extensive consultation with industry partners and set a high standard for the freight sector.

DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Xfuels Inc. by a non-affiliated third party.  FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information: Company:  FN Media Group, LLC Contact email:  editor@financialnewsmedia.com Phone:  +1(954)345-0611 URL: http://www.financialnewsmedia.com

SOURCE FN Media Group, LLC