City of Glendale, CA Contracts with Clean Energy to Build, Operate New CNG Fueling Station to Support Growing Municipal Fleet...
December 01 2008 - 8:00AM
Business Wire
The City of Glendale, California has awarded a 10-year contract to
Clean Energy Fuels Corp. (Nasdaq:CLNE) to build, operate and
maintain a new large-scale public access compressed natural gas
(CNG) station to support the City�s CNG vehicle fleets and serve
surrounding communities. The planned Clean Energy-owned facility is
designed to serve a range of light, medium and heavy-duty vehicles,
including public transit buses, municipal vehicles, refuse hauling
trucks, taxis, shared-ride shuttle buses and passenger cars. The
station, located near Bob Hope Airport, will serve more than 30
Beeline Transit buses and a growing fleet of residential refuse
trucks operated by the City. It is also a strategic location for
taxis that operate between the San Fernando Valley, including Bob
Hope Airport, and downtown Los Angeles. James Harger, Clean
Energy�s Senior Vice President, said, �For many years the City of
Glendale has been a dedicated user of clean-burning natural gas
fuel, as evidenced by its extensive fleet of CNG-powered transit
buses, refuse trucks, street sweepers and light-duty municipal
vehicles. The City�s level of commitment continues to expand, as
evidenced by the City�s recent announcement that it plans to
replace its entire fleet of diesel refuse trucks with CNG-powered
models over the next five years, a move which will contribute
significantly to boosting local efforts to curtail air pollution
and greenhouse gas emissions.� When the City completes its program
to replace all of its diesel-powered fleet vehicles with CNG
vehicles, the City of Glendale Clean Energy station is expected to
dispense more than 800,000 gallons of fuel annually. Clean Energy
(Nasdaq:CLNE) 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, trucking, airport and
municipal fleet markets, fueling more than 14,000 vehicles daily at
over 170 strategic locations across the United States and Canada.
Clean Energy owns and operates two LNG production plants, one in
Willis, TX and one in Boron, CA, with combined capacity of 260,000
LNG gallons per day and designed to expand to 340,000 LNG gallons
per day as demand increases. It also owns and operates a landfill
gas facility in Dallas, TX that produces renewable methane gas or
biogas for delivery in the nation�s gas pipeline network. Please
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. Actual results and the timing of events could
differ materially from those anticipated in these forward-looking
statements, including statements made about the growth of CNG
fleets that fuel at the Glendale station and CNG fuel consumption
at the Glendale station. 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.
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Clean Energy Fuels (NASDAQ:CLNE)
Historical Stock Chart
From Jul 2023 to Jul 2024