Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of
the cleanest fuel for the transportation market, announced a series
of new deals with several municipalities across the country. These
agreements represent a collective growing demand within city
agencies for more sustainable, low-carbon solutions for their
operations.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240619929393/en/
Clean Energy Renewable Natural Gas (RNG)
Station, Port of Long Beach, Calif. (Photo: Business Wire)
“What we are now observing is that municipalities which are
eager to meet their environmental and fiscal goals can do this with
renewable natural gas (RNG) easily, immediately and
cost-effectively. Many cities are now making clean fuel a
requirement for their transportation needs because of local, state
and federal requirements to reduce emissions. RNG is the best
solution to meet those needs,” said Chad Lindholm, senior vice
president at Clean Energy.
In a competitive bid, Clean Energy won the contract against
other fuel providers to become the sole RNG provider for the City
of Fort Collins, Colo. transit and fleet vehicles. RNG is a
sustainable transportation fuel made from organic waste which
drastically reduces carbon emissions by an average of 300% versus
diesel. The deal will cover RNG supply for three fueling stations
owned and operated by the city. 500,000 gallons of clean-burning
RNG will power 52 transit buses and other service vehicles
annually.
“Here in Fort Collins, we are committed to renewable fuels and
cleaning up our emissions to help reduce transport-related
pollution throughout the city. We are firm believers in
sustainability and our desire was to have the greatest percentage
of RNG available for our CNG fleet. We are pleased to partner with
Clean Energy to fuel our growing fleet and lower the city’s carbon
footprint,” said Tracy Ochsner, Director Operation Services at the
City of Fort Collins.
The City of Beverly Hills, Calif. has signed a new deal to power
its waste vehicles with RNG. The deal is contracted to provide
119,000 gallons of RNG to the city’s 17 solid waste fleet vehicles
annually. Clean Energy will also provide monthly maintenance
services for their fueling station.
In a competitive bid, Clean Energy won the contract to design
and build a private station for the City of Arcadia, Calif. The
site is designed to deliver 200,000 gallons of ultra-low carbon
fuel annually and will fuel 28 transit buses and utility trucks
operating in the city.
Clean Energy was awarded a contract with Long Beach Transit to
oversee operations and maintenance of its private fueling station.
The deal will provide an expected 1.4 million gallons of fuel
annually, supplying 125 transit buses operating in the city of Long
Beach, Calif.
The Garden City Transit Authority in New York has signed an
operations and maintenance agreement with Clean Energy for its
transit fleet. The deal is expected to use an anticipated 3.3
million gallons of fuel for 237 transit buses.
The City of Bakersfield, Calif., has signed an agreement with
Clean Energy to provide services, parts and materials for the
city’s two fueling stations. Clean Energy will also fuel the city’s
79 waste collection vehicles with an anticipated 750,000 gallons of
liquefied natural gas (LNG).
Suburban Disposal in New York has inked a maintenance agreement
with Clean Energy for a station that provides 549,000 gallons of
fuel to power its fleet of 61 waste collection trucks.
City of Scottsdale, Ariz. has signed an agreement with Clean
Energy to maintain its station. The station is anticipated to
provide 455,000 gallons of fuel for approximately 103 vehicles
which comprise of fleet vehicles, waste collection trucks and
forklifts.
Orange County Public Works in Calif. has signed a contract with
Clean Energy to provide station services as well as fuel. The
station will dispense an estimated 300,000 gallons of fuel annually
which will power refuse trucks, street sweepers, sewer cleaners and
other third-party refuse vehicles.
The City of Tacoma, Wash. has signed an operations and
maintenance agreement with Clean Energy for a station that is
expected to dispense 450,000 gallons of fuel annually to operate 50
of its refuse trucks.
Waste Resources in Gardena, Calif. has signed a repairs and
maintenance deal with Clean Energy to provide 448,000 gallons of
fuel to 64 of its waste collection vehicles.
The Port of Seattle has inked a deal with Clean Energy for its
airport transport fleet. Clean Energy will provide approximately
400,000 gallons of clean fuel for 45 of its airport shuttle
buses.
Clean Energy has extended its relationship with Atlantic County
Utilities Authority in New Jersey to operate and maintain a station
that will provide approximately 481,000 gallons of fuel for the
city’s 100 waste collection trucks.
Clean Energy has inked a deal with the District of Columbia
Public Works to provide fuel and maintenance for 20 government
vehicles and waste collection trucks in the city. The contract is
expected to provide 15,000 gallons of fuel to DC Public Works
annually.
Fort Smith Transit Authority in Arkansas has signed a contract
with Clean Energy to provide maintenance services as well as fuel.
The deal highlights the City of Fort Smith’s commitment to
expanding its CNG fleet to decrease their emission and reach their
sustainability goals. The agreement is for an estimated 200,160
gallons to power 16 transit vehicles.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of
the cleanest fuel for the transportation market. Our mission is to
decarbonize transportation through the development and delivery of
renewable natural gas (RNG), a sustainable fuel derived by
capturing methane from organic waste. Clean Energy allows thousands
of vehicles, from airport shuttles to city buses to waste and
heavy-duty trucks, to reduce their amount of climate-harming
greenhouse gas. We operate a vast network of fueling stations
across the U.S. and Canada as well as RNG production facilities at
dairy farms. Visit www.cleanenergyfuels.com and follow
@ce_renewables on X and LinkedIn.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 that involve risks,
uncertainties and assumptions, including without limitation
statements about: the amounts and timing of renewable natural gas
expected to be produced or consumed; the timing and scope of
construction, maintenance, and other projects; the numbers and
timing of vehicles expected to be deployed, fueled, maintained, or
financed; the characteristics and performance of natural gas
engines and trucks; the potential development of the market for
RNG; the environmental and other benefits of Clean Energy’s fuels;
the availability of environmental, tax and other government
regulations, programs and incentives; and the impacts of
legislative and regulatory developments. Actual results and the
timing of events could differ materially from those anticipated in
these forward-looking statements. The forward-looking statements
made herein speak only as of the date of this press release and,
unless otherwise required by law, Clean Energy undertakes no
obligation to publicly update such forward-looking statements to
reflect subsequent events or circumstances. Additionally, the
reports and other documents Clean Energy files with the SEC
(available at www.sec.gov) contain risk factors, which may cause
actual results to differ materially from the forward-looking
statements contained in this news release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240619929393/en/
Media Contact: Kimberly Fleer 1-949-437-1447
Kimberly.Fleer@cleanenergyfuels.com
Investor Contact: Thomas Driscoll 1-949-437-1191
Thomas.Driscoll@cleanenergyfuels.com
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Dec 2024 to Jan 2025
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Jan 2024 to Jan 2025