GFS
- Company typePrivate
- Founded2010
- HeadquartersWeston, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
GFS firmographics
Firmographics- Name
- GFS
- Legal name
- Gaseous Fuel Systems Corporation
- Website
- https://gfs-corp.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
GFS industry classification
Industry- Product category
- Industrial Bi-Fuel Conversion Systems
- NAICS
- Electric Power Generation (22111)
- SIC
- Engines & Turbines (3510), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- EV Retrofit & Electrification Conversions (Fleet/Commercial) (TLAKAMAK)
- akta.pro secondary industries
- Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK), Fuel Cell Distributed Generation (Hydrogen/Natural Gas SOFC/PEM) (EUACALAK)
Keywords
Where GFS is headquartered
LocationHeadquarters
- HQ city
- Weston
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
GFS business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Sale of LNG/Diesel Bi-Fuel Conversion Systems: GFS Corp designs, manufactures, and sells proprietary EVO-MT, EVO-SP, and EVO-LT bi-fuel conversion systems as products (hardware + controls) to mine operators, power generation companies, and rail operators. Revenue is generated through the sale of conversion kits and associated onboard LNG fuel storage modules. Installation is typically performed by GFS or factory-authorized distributors. The company also earns revenue from spare parts, service, and ongoing support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing based on fleet size and equipment model |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
GFS product offering
Product offeringCore offering
GFS Corp designs and manufactures proprietary Natural Gas + Diesel (NG+D) bi-fuel conversion systems under the EVO product line that enable large, high-horsepower diesel engines to operate on a combination of LNG and diesel fuel. The EVO-MT systems convert 100+ ton mine haul trucks, EVO-SP systems convert stationary diesel generators and industrial engines, and EVO-LT systems convert diesel locomotives, achieving 35-70% diesel substitution rates while preserving OEM engine performance.
Product overview
GFS Corp offers the EVO line of natural gas + diesel (NG+D) bi-fuel conversion systems across three industry segments: mining (EVO-MT), stationary power (EVO-SP), and rail (EVO-LT). All systems share core NG+D technology enabling diesel engines to operate on a combination of natural gas and diesel fuel with 35-70% gas substitution rates. The EVO-MT series includes specialized conversions for Caterpillar (7930, 7770, 7850C), Komatsu (7300, 8300, 9300), Terex (4400), and wheel loader/excavator models (9920, 4000-6). The EVO-SP series provides standardized conversions for stationary generators from 400 HP to 4000+ HP across nine model sizes (1500-6800). The EVO-LT system serves locomotive applications. The proprietary EVO-Connect telematics add-on provides remote monitoring across all product lines.
Differentiator
Problem solved
Functional benefit
Brands
- EVO-MT: Liquid Natural Gas (LNG) conversion systems for large mine haul trucks and wheel loaders
- EVO-SP
- EVO-LT
- EVO-Connect
Products and services
- EVO-MT 7930 Liquid natural gas conversion system for Caterpillar 793 mine haul trucks with 360 US gallon LNG capacity, 7-10 day hold time, and hydraulic tilt system for engine access.
- EVO-MT 7770 LNG conversion system for Caterpillar 777 series mine haul trucks with approximately 190 US gallon LNG capacity and seamless automatic transition between LNG+diesel and 100% diesel operation.
- EVO-MT 7300
Quantifiable outcome
- 35-50% diesel displacement for mine haul trucks; up to 70% for stationary power applications
- +6 more outcomes
Companies that use GFS
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
GFS technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
GFS partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered major, core and flagship.
- FNX Technologies LLCmajorFNX Technologies LLC is GFS Corp's exclusive master distributor in Peru for EVO-MT LNG mine truck conversion systems. FNX offers integrated solutions for natural gas mobility from wellhead to end user, with regional offices in North and South America, the Middle East, and Europe. FNX has developed a unique concept of small-scale liquefaction plants to meet requirements of industrial users, fleet operators, railway operators, and mining companies requiring 15,000 to 75,000 gallons of LNG per day.
- GFS Asia Pacific Co., Ltd.coreGFS Asia Pacific Co., Ltd. is the factory-authorized distributor for GFS Corp's EVO-MT and EVO-SP products covering Thailand, Indonesia, Malaysia, and Vietnam. Located in Pathumthani, Thailand, the company manages sales, distribution, and support for GFS products across Southeast Asian markets.
- The Vanjen GroupcoreThe Vanjen Group is a HUB-certified (MWBE) manufacturer's representative firm based in Central Texas, specializing in power generation, oil & gas, and mining industries. Vanjen Group is a distributor for the EVO-SP bi-fuel conversion system and hosted an open house demonstration during the 2013 Offshore Technology Conference in Houston, Texas.
- Depco Power SystemscoreDepco Power Systems is a Houston, Texas-based distributor for the EVO-SP bi-fuel conversion system. Depco buys and sells new, rebuilt, and used generators, engines, marine engines, power units, and parts. The company hosted the EVO-SP demonstration event during OTC 2013 at its Houston facility.
- Plum Energy LLCmajorPlum Energy LLC is constructing a dedicated LNG production plant at Alpha Coal West's Eagle Butte Mine in Wyoming to supply LNG for GFS Corp's converted haul truck fleet. The plant, scheduled to come online in March 2015, has a capacity of 28,500 gallons of LNG per day and includes an on-site refueling station capable of refueling eight trucks simultaneously. This partnership addresses the LNG supply infrastructure challenge that enables GFS's conversions to operate at scale.
- Alpha Natural Resources (Alpha Coal West)flagshipAlpha Natural Resources, through its subsidiary Alpha Coal West, was GFS Corp's first launch customer and the world's first mining company to operate LNG-powered mine haul trucks. Beginning with a pilot program in 2012 at Belle Ayr Mine, Alpha expanded to convert its entire Caterpillar 793 fleet at Eagle Butte Mine by 2014 (16 trucks total), representing GFS's first large-scale commercial deployment. Alpha also partnered with Plum Energy to build on-site LNG infrastructure.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
GFS competitors and assessment
Company assessmentOthers
- Chart Industries: Chart Industries is a leading manufacturer of cryogenic equipment, including LNG storage tanks, vaporizers, and distribution systems. GFS's onboard LNG storage pods rely on cryogenic technology comparable to Chart's, making it a key enabling/supplier peer in the LNG conversion value chain.
Direct peers
- Hexagon Composites: Hexagon Composites (parent of Agility Fuel Solutions) manufactures composite CNG/LNG fuel tanks and systems for heavy-duty transportation. It is a direct comparable to GFS in LNG fuel storage and delivery for commercial fleets, including mining and rail applications.
- Westport Innovations (Westport Fuel Systems): Westport develops natural gas engine and fuel system technologies for heavy-duty transportation and industrial applications. It is a direct comparable to GFS in alternative-fuel engine conversion technology, with overlapping customer segments in trucking and stationary power.
- Agility Fuel Solutions (Hexagon Agility): Agility Fuel Solutions (part of Hexagon Composites) designs and manufactures CNG and LNG fuel systems for medium- and heavy-duty trucks. It is a direct peer to GFS in supplying alternative fuel storage and delivery systems for commercial vehicle fleets, including transit and refuse.
Broad incumbents
- Caterpillar: Caterpillar is the dominant OEM for large mine haul trucks (793, 785, 777 series) and is actively developing battery-electric and hydrogen prototypes. As the OEM of the platforms GFS retrofits, Caterpillar is both a critical partner and a potential long-term competitive threat.
- Cummins: Cummins manufactures diesel and natural gas engines across heavy-duty, industrial, and power generation applications. As a dominant engine OEM with its own natural gas engine portfolio, Cummins is a broad incumbent whose product decisions directly shape the opportunity for GFS's bi-fuel retrofits.
Emerging players
- Ballard Power Systems: Ballard is a leading fuel cell manufacturer targeting heavy-duty mobility (trucks, buses, rail) and stationary power. While fuel cells are a different technology, Ballard targets many of the same mining, rail, and stationary power decarbonization use cases that GFS addresses with bi-fuel conversions.
- Clean Energy Fuels: Clean Energy Fuels is a major LNG/CNG fuel provider for heavy-duty trucks, transit, and refuse fleets. While primarily a fuel supplier, it competes in the same LNG-for-trucks value chain as GFS and has explored natural gas engine system integration, making it a relevant adjacent comparable.
- New Way Trucks / McNeilus (CNG refuse truck OEM): New Way Trucks and McNeilus manufacture CNG-powered refuse and heavy-duty vocational trucks. They are emerging alternative-fuel commercial vehicle peers, relevant as potential adjacent customers/competitors in the natural gas heavy-duty vehicle ecosystem that GFS serves.
- New York Energy and Engineering / Verdagy (hydrogen producer analog): Verdagy produces green hydrogen for industrial decarbonization. While not a direct GFS competitor, it represents the emerging hydrogen ecosystem that could compete with LNG bi-fuel for the same industrial decarbonization budgets in mining and power generation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
GFS social profiles
Digital presenceGFS compliance and trust
Trust signalCompliance10 records
GFS financial estimates
Financial estimateRevenue estimate
Valuation estimate
GFS leadership team
Management profileNumber of profiles
Profiles4 records
GFS subsidiaries and ownership
Company hierarchySubsidiaries1 record
GFS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GFS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GFS
What does GFS do?
GFS Corp designs and manufactures proprietary Natural Gas + Diesel (NG+D) bi-fuel conversion systems under the EVO product line that enable large, high-horsepower diesel engines to operate on a combination of LNG and diesel fuel. The EVO-MT systems convert 100+ ton mine haul trucks, EVO-SP systems convert stationary diesel generators and industrial engines, and EVO-LT systems convert diesel locomotives, achieving 35-70% diesel substitution rates while preserving OEM engine performance.
Is GFS a public or private company?
GFS is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was GFS founded?
GFS was founded in 2010. It employs 11 to 50 people.
Where is GFS based?
GFS is headquartered in Weston, United States, in the North America region.
How does GFS make money?
One revenue line is on record: sale of LNG/Diesel Bi-Fuel Conversion Systems.
Who are GFS's main competitors?
Chart Industries is listed as an others. Direct peers are Hexagon Composites, Westport Innovations (Westport Fuel Systems) and Agility Fuel Solutions (Hexagon Agility). Broad incumbents are Caterpillar and Cummins. Emerging players are Ballard Power Systems, Clean Energy Fuels, New Way Trucks / McNeilus (CNG refuse truck OEM) and New York Energy and Engineering / Verdagy (hydrogen producer analog).
Does GFS have an API?
No public API is recorded for GFS.
What industry is GFS in?
GFS's product category is Industrial Bi-Fuel Conversion Systems. Its primary akta.pro industry code is TLAKAMAK, EV Retrofit & Electrification Conversions (Fleet/Commercial), with a secondary code of IMACABAK, Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells). Its NAICS code is 22111 and its SIC code is 3510.