Clean Energy expects to supply approximately
2.4 million DGEs of LNG and open four stations
Clean Energy Fuels Corp., (NASDAQ: CLNE) today announced
longtime customer Raven Transport is expanding its clean-burning
natural gas fleet with 115 Peterbilt Model 579s, equipped with
sleepers and powered by liquefied natural gas (LNG) to haul goods
for a leading consumer packaged goods company. Clean Energy will
support this fleet by opening truck-friendly natural gas fueling
stations in Atlanta, Ga., Birmingham, Ala., Pearl, Miss., and
Theodore, Ala. The fleet will also fuel at Clean Energy’s existing
Albany, Ga., Charlotte, N.C., Jacksonville, Fla., Houston Baytown,
Texas, Latta, S.C., and Valdosta, Ga., stations. Mobile LNG fueling
units will also be deployed in Eden, N.C., Newnan, Ga., Ocala,
Fla., and Pineville, La., to enable LNG refueling throughout the
Southeast.
From left: T. Boone Pickens, Founder, BP
Capital; Stephen Silverman, Chief Operating Officer, Raven
Transport; W.M. "Rusty" Rush, CEO and President, Rush Enterprises,
observing the new Raven LNG trucks at the Peterbilt Motors assembly
plant in Denton, Texas. (Photo: Business Wire)
“Raven is rising to the challenge to move our customers’ goods
with clean-burning fuel. Industry-leading shippers continue to set
the standard in sustainable logistics, and today’s announcement
enables Raven to accommodate these high standards,” said Stephen
Silverman, chief operating officer for Raven Transport.
Raven purchased its expanded natural gas truck fleet from Rush
Truck Center – Jacksonville, Fla., part of the largest network of
commercial vehicle dealerships in the United States, which is owned
and operated by Rush Enterprises (NASDAQ: RUSHA and RUSHB). Custom
Vehicle Solutions, another Rush Enterprises company, then completed
the installation of Chart LNG fuel systems purchased through Clean
Energy’s tank pricing program. The fleet will operate on irregular
routes originating from production plants and distribution centers
in the Southeast and is forecasted to consume approximately 2.4
million additional DGEs of LNG annually.
Natural gas fuel costs up to $1.00 less per gallon than gasoline
or diesel, depending on local market conditions. The use of natural
gas fuel not only reduces operating costs for vehicles, but also
reduces greenhouse gas emissions up to 30% in light-duty vehicles
and 23% in medium to heavy-duty vehicles. In addition, nearly all
natural gas consumed in North America is produced domestically.
Additional Quotes
“The natural gas fueling ecology continues to strengthen as
America’s largest shippers and their logistics companies transition
to natural gas. As these four stations open and join our existing
infrastructure it becomes increasingly feasible for fleets hauling
in the Southeast and beyond to make the switch to natural gas,”
said Chad Lindholm, vice president of Clean Energy.
“We’re proud to provide Raven Transport with our aerodynamic
Model 579s powered by LNG, the newest addition to our
industry-leading portfolio of natural gas vehicles,” said Robert
Woodall, Peterbilt Assistant General Manager, Sales and Marketing.
“Peterbilt continues to partner with environmental and alternative
fuel leaders as we develop advanced vehicle technologies and
solutions to meet their full range of needs.”
Rush Enterprises is pleased to support Raven Transport, leaders
in the alternative fuel space,” said W.M. “Rusty” Rush, Chairman,
CEO and President of Rush Enterprises. “With this informed and
progressive choice, Raven Transport will continue to drive adoption
of alternative fuels, impacting the entire transportation
industry,” he said. “Rush Truck Centers has made significant
investments to support alternative fuel vehicles with dedicated
natural gas bays and certified technicians across the country,
allowing us to continue to support Raven Transport with their
service needs,” Rush added.
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 compressed natural gas (CNG) and liquefied natural gas
(LNG) fueling stations; manufacture CNG and LNG equipment and
technologies for ourselves and other companies; develop renewable
natural gas (RNG) production facilities; and deliver more CNG, LNG
and Redeem RNG fuel than any other company in the U.S. For more
information, visit www.cleanenergyfuels.com.
About Custom Vehicle Solutions
Powered by precision engineering, a can-do attitude and a
foundation of trucking industry experience, Custom Vehicle
Solutions is a one-stop shop for commercial vehicle engineering,
customization and installation services. Our state-of-the-art
facilities in Texas and knowledgeable staff of craftsmen, engineers
and designers are more than prepared to meet virtually any
customization goal. CVS offers an impressive range of services –
from thorough PDIs to installing APUs on an entire fleet to
designing and engineering a one-of-a-kind truck frame. For more
information, please visit cvsolutions.com.
About Rush Enterprises, Inc.
Rush Enterprises is the premier service provider to the
commercial vehicle industry and owns and operates the largest
network of commercial vehicle dealerships in the United States,
representing truck and bus manufacturers, including Peterbilt,
International, Hino, Isuzu, Ford, IC Bus and Blue Bird. The
Company’s vehicle centers are strategically located in high traffic
areas on or near major highways throughout the United States. These
one-stop centers offer an integrated approach to meeting customer
needs - from sales of new and used vehicles to aftermarket parts,
service and body shop operations plus a wide array of financial
services, including financing, insurance, leasing and rental. Rush
Enterprises’ operations also provide vehicle up-fitting, chrome
accessories and tires. For more information, please visit
www.rushenterprises.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 the amount of natural gas fuel expected to be
consumed by the Raven Transport trucks, the benefits of natural gas
relative to gasoline and diesel, the opening of truck-friendly
fueling stations and the deployment of mobile LNG fueling units.
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 trucks, 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.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150331005305/en/
Clean Energy Media Contact:Patric Rayburn,
949-437-1411patric.rayburn@cleanenergyfuels.comorClean Energy
Investor Contact:Tony Kritzer,
949-437-1403tkritzer@cleanenergyfuels.comorRush Enterprises
Media Contact:Karen Konecny, 830-626-5102konecnyk@rushenterprises.com
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