Clean Energy Secures Contract to Provide LNG to Hawaii Gas; Signs Additional Agreements in Trucking, Transit and Refuse Markets
May 02 2016 - 6:00AM
Business Wire
Clean Energy Fuels Corp., (NASDAQ: CLNE) announced that it has
secured a contract to provide Liquefied Natural Gas (LNG) to Hawaii
Gas, the State of Hawaii’s only franchised gas utility. The
agreement is consistent with the state’s intent to reduce its
reliance on imported crude oil, using a cleaner and more economical
fuel.
“Hawaii Gas has been serving the state for over a hundred years
and is committed to providing our customers with quality and
reliable gas service,” said Thomas Young, Hawaii Gas’s Executive
Vice President and Chief Operating Officer. “With Clean Energy LNG,
we will be able to diversify our gas supply using a clean fuel
improving our reliability and maintaining the quality of service
our customers know us for.”
Clean Energy has also signed additional agreements throughout
the United States representing their growing portfolio of natural
gas fueling.
Transit
- Clean Energy announced that it has
extended its liquefied natural gas (LNG) supply agreement with the
City of Phoenix. The two-year contract extension is for an
estimated 5 million gasoline gallon equivalents (GGEs) per year and
is valued at over $10 million. Clean Energy has supplied the
City with LNG for over a decade.“The City of Phoenix recognizes
what Clean Energy brings to the table,” said Transit Director,
Maria Hyatt. “We are committed to ensuring we provide a clean,
affordable transportation solution to our riders and feel confident
Clean Energy will help us meet that goal.”
- Corpus Christi Regional Transit
Authority (CCRTA) has renewed a three year operations &
maintenance contract with Clean Energy representing approximately 3
million gasoline gallon equivalents (GGEs) over the three year term
of the contract. With the help of Clean Energy, CCRTA now becomes
the second transit agency in the nation to achieve its
Disadvantaged Business Enterprise (DBE) goal.
Trucking
- Fred Meyer Stores, a division of The
Kroger Co. (NYSE: KR) has announced an agreement with Clean Energy
calling for up to 500,000 gallons of Redeem™ renewable natural gas
(RNG) fuel, for their fleet of 40 LNG trucks based out of their
Clackamas, Oregon distribution center. Fred Meyer is the first
company in the State of Oregon to take advantage of the Oregon
Clean Fuel Program, which calls for the reduction of greenhouse gas
(GHG) emissions through the use of cleaner fuels such as natural
gas and renewable natural gas. By fueling with Redeem™, Fred Meyer
is expected to reduce their GHG emissions by 5,328 metric tons
annually.
- Clean Energy announced that fueling has
begun at a new public station in North Platte, Nebraska, which will
service vehicles from KALM Transportation, UPS and Schmidt Liquid
Transportation. The station, partially funded with a grant from the
Nebraska Environmental Trust Fund and in collaboration with STIRK
CNG, a regional compressed natural gas (CNG) provider, will offer
both LNG and CNG to fleets in the Midwest.
- Clean Energy began providing fueling
solutions at the Pilot Flying J station in West Memphis, Arkansas,
furthering its partnership with the largest operator of travel
centers and travel plazas in North America. The station will
support Raven Transportation’s fleet of LNG trucks at an estimated
11,000 GGEs per month.
- Clean Energy has announced fueling has
begun at an Exxon public access station in Allentown, Pennsylvania,
which serves the northeast extension of the Pennsylvania Turnpike
System. The station will service CNG trucks from MACK’s Lehigh
Valley Operations as well as the Lehigh Valley Health Network.
- In addition to opening these stations
for the trucking market, Clean Energy has added Blackburn Trucking,
Waxie Sanitary Supply, Western Dairy, Emerald Brand (a unit of the
Paradigm Group) and KALM Energy as new fueling customers. Orchard
Supply Hardware has also expanded the number of CNG trucks it’s
fueling with Clean Energy.
Refuse
- Clean Energy announced that Republic
Services, an industry leader in U.S. recycling and non-hazardous
solid waste, will be switching its California based fleet to
Redeem™ Renewable Natural Gas. The agreement calls for as much as
300,000 GGEs per year and will fuel close to 230 refuse trucks
throughout the state.
- Republic Services also announced the
opening of a station designed and built by Clean Energy in
Wilsonville, Oregon, to support the addition of 16 CNG solid waste
collection trucks to its fleet serving customers throughout the
greater Portland area. The CNG trucks replace older diesel-powered
trucks, and bring the total number of natural gas vehicles operated
by Republic Services in Oregon to 35.
- Peoria Disposal Company® (PDC) has
extended a five year agreement with Clean Energy for the operation
& maintenance of its station located in Peoria, Illinois, which
represents approximately 230,000 GGEs per year. Clean Energy
designed and built the station for PDC which provides hazardous
waste disposal to clients in 11 states throughout the Midwest.
Natural gas fuel costs less than gasoline or diesel, depending
on local market conditions. The use of natural gas fuel also
reduces greenhouse gas emissions up to 21 percent and up to 90
percent with the use of renewable natural gas. In addition, nearly
all natural gas consumed in North America is produced in North
America.
About Clean Energy
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the leading provider
of natural gas fuel for transportation in North America. We build
and operate CNG and LNG fueling stations; manufacture CNG and LNG
equipment and technologies; develop RNG production facilities; and
deliver more CNG and LNG fuel than any other company in the U.S.
Clean Energy also sells Redeem™ RNG fuel and believes it is the
cleanest transportation fuel commercially available, reducing
greenhouse gas emissions by up to 90%. For more information,
visit www.CleanEnergyFuels.com.
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 numbers of vehicles expected to be
deployed, amounts of natural gas fuel expected to be consumed, and
the benefits of natural gas relative to gasoline and diesel. Actual
results and the timing of events could differ materially from those
anticipated in these forward-looking statements as a result of
several factors, including, without limitation, the price of
natural gas relative to gasoline and diesel, the cost and operating
experience associated with natural gas vehicles, and permitting and
other factors affecting construction. The forward-looking
statements made herein speak only as of the date of this press
release and, unless otherwise required by law, the Company
undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
Additionally, the reports and other documents the Company 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160502005409/en/
Clean Energy Media Contact:Jason Johnston,
949-437-1411jason.johnston@cleanenergyfuels.comorClean Energy
Investor Contact:Tony Kritzer,
949-437-1403tkritzer@cleanenergyfuels.com
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