Clean Energy Brings Natural Gas to the Golden Gate
April 29 2008 - 8:30AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE) has been awarded the
contract to supply compressed natural gas (CNG) fuel and provide
operations and maintenance for the CNG fueling station located near
the base of the Golden Gate Bridge in the Presidio. The station
currently provides fuel for shuttle buses serving residents of and
tourists at the Presidio, adjacent to the city�s Marina District.
The agreement calls for opening the station to full public use by
taxis and shuttles serving the City of San Francisco. It becomes
part of the growing network of seven Clean Energy fueling stations
in the San Francisco Bay area and will help serve the growing fleet
of CNG taxis resulting from Mayor Gavin Newsom�s Green Taxi
Program, which seeks to reduce greenhouse gas emissions
significantly. An estimated 1,500 taxis serve the city currently,
of which approximately 200 already are hybrid or CNG vehicles.
Mayor Newsom�s office expects the Green Taxi Program to result in a
taxi fleet that is 100% CNG vehicles or hybrids by 2011. �San
Francisco is working hard to put real actions behind its commitment
to the environment as evidenced by the recent all-green taxi fleet
mandate to reduce greenhouse gases significantly through the use of
alternative fuels,� said James N. Harger, Clean Energy Senior Vice
President, Marketing and Sales. �The lower cost of natural gas
versus gasoline and durability of CNG taxis add even more value for
the taxi drivers and the passengers they serve.� About Clean Energy
Clean Energy, based in Seal Beach, Calif., is the leading provider
of natural gas (CNG and LNG) for transportation in North America.
It has a broad customer base in the refuse, transit, ports,
shuttle, taxi, regional trucking, airport and municipal fleet
markets, fueling more than 14,000 vehicles daily at strategic
locations across the United States and Canada. Information at:
www.cleanenergyfuels.com. Forward-Looking Statements This news
release from Clean Energy 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. Actual results and the timing
of events could differ materially from those anticipated in these
forward-looking statements, including the number of CNG taxis to be
introduced in San Francisco and the timing of any such additions.
The forward-looking statements made herein speak only as of the
date of this press release and the company undertakes no obligation
to publicly update such forward-looking statements to reflect
subsequent events or circumstances.
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