Love’s Acquires 44 CNG Locations
Its Trillium Energy Solutions division, now rebranded to Love’s Alternative Energy, purchased a mix of public and private compressed natural gas stations.
Love’s is growing its CNG network — which uses renewable natural gas — at a time when the fuel type remains a niche part of the transportation energy ecosystem. However, demand is growing: The global CNG market was worth nearly $4 billion in 2024 and is expected to grow at a compound annual rate of about 5% per year, according to Precedence Research.
Financial terms of Love’s latest deal were not disclosed.
“We have recently seen an increased interest in CNG as a clean alternative fuel from both our private sector fleet and trucking customers,” said Ryan Erickson, vice president of alternative energy for Love’s. “Adding these stations grows our network quite significantly, which unlocks more value and access for customers.”
