Transit Agencies, Waste Disposal Companies, and
Truck Fleets Sign Contracts
Clean Energy Fuels Corp. (NASDAQ: CLNE) announced new and
extended contracts for more than 20 million gallons of Redeem™
renewable natural gas (RNG) to accommodate the continued demand
across key business segments for the ultra-low carbon fuel produced
from organic waste.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200910005215/en/
New contracts for Clean Energy's Redeem
renewable natural gas top 20 million gallons. (Photo: Business
Wire)
Alpha Lion, which carries mail for the U.S. Postal Service
between the Northwest United States and Southern California, is
adding 16 new natural gas trucks to its fleet through Clean
Energy’s Zero Now program and is expected to use over 700,000
gallons of Redeem™ annually. The program will provide significant
fuel savings and have a positive effect on Alpha Lion’s
environmental impact in the region.
Zero Now is a program that brings the price of a heavy- or
medium-duty natural gas truck at parity with a diesel truck, while
offering a guaranteed fuel discount for the duration of the
agreement. Alpha Lion will also participate in Clean Energy’s Zero
Now TouchPoint program, in partnership with the Natural Gas Vehicle
Institute (NGVi), to provide Alpha Lion with first-class hands-on
customer service pertaining to their purchase of new natural gas
heavy-duty vehicles.
The City of Anaheim has signed a five-year service agreement for
municipal vehicles that will consume an approximate 500,000 gallons
of Redeem RNG.
“From waste to transit to trucking, fleets are discovering that
RNG is a proven solution that can significantly decrease the impact
of harmful emissions and reduce greenhouse gases,” said Nate
Jensen, Clean Energy’s Senior Vice President, Renewables Fuels.
“RNG offers price stability, lowers maintenance costs, and can
reduce carbon emissions 70 percent or more, providing a clean and
cost-effective alternative to diesel fuel.”
News in Solid Waste
Clean Energy has been awarded a contract to build a fueling
station that will accommodate both fast- and time-filling for the
City of Sacramento, along with a long-term operations and
maintenance (O&M) agreement, to fuel more than 100 natural gas
refuse trucks with an anticipated 8 million gallons of RNG for the
next 10 years.
Clean Energy has entered into a network fuel agreement with
Athens Services in Los Angeles to support its growing CNG refuse
fleet. Athens will utilize the Clean Energy network of public
stations throughout Southern California and is expected to consume
over 1 million gallons each year.
The City and County of Sacramento have extended their RNG supply
agreement with Clean Energy. Clean Energy provides RNG to three
different LNG stations in the region, for a total annual
consumption expected to exceed 1.2 million gallons.
The County of Denver has signed a three-year service agreement
for its CNG station, which provides fuel to over 30 CNG refuse
trucks for an expected 750,00 gallons.
Clean Energy signed a two-year contract with LA County
Sanitation to dispense LA County’s locally generated RNG at its
public station in Carson which uses an estimated 720,000 gallons of
RNG.
Tidewater Fibre in Virginia has extended its service contract
renewal for 50 refuse trucks using an approximate 500,000 gallons
per year.
Suffolk County in New York has inked a long-term service
agreement for 15 utility trucks for an anticipated 120,000 gallons
of CNG.
The City of Lexington, KY has signed a contract for a 15-truck
time-fill and defueling hose upgrade and services, for an estimated
150,000 additional gallons per year.
The City of Philadelphia extended its fuel agreement for refuse
trucks to continue fueling at Clean Energy’s Philadelphia Airport
station while its private 40-truck station (being built by Clean
Energy) is completed at the end of the year. The contract is for 16
refuse trucks for an estimated 100,000 gallons.
Noble Environmental in Pennsylvania has purchased a CNG mobile
unit, along with monthly services, to fuel its CNG refuse trucks
until Clean Energy completes construction of a permanent
station.
Republic Services Expands Station Capacity and
Footprint
Clean Energy is completing the construction of a Republic
Services combination time-fill/fast-fill station in Sacramento, CA
that will fuel 80 solid waste trucks to support growing operations
in the Sacramento region. The station will fuel an expected 1.1
million gallons of Redeem through 2023.
In Las Vegas, Clean Energy is expanding Republic Services’
largest natural gas truck yard in the country, adding 92 time-fill
fueling spots. The station will provide approximately 3.2 million
gallons of Redeem per year, which will increase by 837,000 gallons
when at full capacity.
Clean Energy has increased station capacity at Republic Service
stations in San Diego and in Chula Vista, CA, resulting in
additional volume of an estimated 400,000 gallons of Redeem per
year.
Clean Energy has signed an agreement to build a station for
Republic Services in Freemont, CA to accommodate 66 new trucks in
the coming years that will result in an approximate increase of
600,000 gallons.
Movement in Transit
Clean Energy has signed a new agreement to operate and maintain
the City of Phoenix transit bus facilities, which dispense an
estimated 4.8 million gallons of natural gas per year.
Clean Energy was awarded a station upgrade contract to install
new equipment for the West County Transportation Authority (WCTA),
Santa Rosa, California, along with a long-term service agreement,
during which the fleet of 39 school buses are expected to fuel with
800,000 gallons of Redeem.
Access Services has deployed 20 newly certified CNG Dodge
Promasters in partnership with its contractors for paratransit
service in Southern California. Clean Energy signed a fueling
agreement with Southland Transit, an Access Services contractor,
for an expected 800,000 gallons of Redeem.
Clean Energy has signed an RNG contract with the California
Department of General Services for the benefit of Solano County
Transit (SolTrans), California for its fleet of 19 buses for an
anticipated 600,000 gallons of Redeem.
The City of Gardena, California has inked a network fueling
contract for 18 CNG transit buses at the Clean Energy station at
Los Angeles International Airport (LAX). This first round of CNG
buses will fuel with an expected 150,000 gallons of RNG
annually.
The City of Lodi, California has signed a multi-year contract
for an estimated 246,000 gallons of Redeem to power 37 buses and
city fleet vehicles.
After obtaining grant funding to migrate its buses to clean RNG,
Anaheim Union High School in California has signed a contract with
Clean Energy for an estimated 135,000 gallons of Redeem to fuel 15
new school buses.
About Clean Energy
Clean Energy Fuels Corp. is North America’s leading provider of
the cleanest fuel for the transportation market. Through its sales
of Redeem™ renewable natural gas (RNG), which is derived from
capturing biogenic methane produced from decomposing organic waste,
Clean Energy allows thousands of vehicle fleets, from airport
shuttles to city buses to waste and heavy-duty trucks, to reduce
their amount of climate-harming greenhouse gas by at least 70% and
even up to 300% depending on the source of the RNG. Clean Energy
can deliver Redeem through compressed natural gas (CNG) and
liquified natural gas (LNG) to its network of approximately 540
fueling stations across the U.S. and Canada. Clean Energy builds
and operates CNG and LNG fueling stations for the transportation
market, owns natural gas liquefication facilities in California and
Texas, and transports bulk CNG and LNG to non-transportation
customers around the U.S. 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 amounts of RNG expected to be consumed and the
benefits of RNG. 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/20200910005215/en/
Clean Energy Contact: Raleigh Gerber 949-437-1397
raleigh.gerber@cleanenergyfuels.com
Investor Contact: investors@cleanenergyfuels.com
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Apr 2023 to Apr 2024