Pumping up Atlanta’s Supply of a Cleaner, Cheaper Alternative Fuel
March 28 2011 - 8:30AM
Business Wire
PS Energy Group, Inc. is pumping up the supply of a cleaner,
cheaper alternative fuel for fleets and vehicles by working with
Clean Energy Fuels Corp., the company founded by Boone Pickens.
Clean Energy has signed a 15-year agreement to develop and
operate compressed natural gas (CNG) facilities at PS Energy
Group’s metro Atlanta fueling stations or Unattended Fuel Outlets
(UFO). Clean Energy will increase dispensing capacity of CNG at the
Whitehall Street site in downtown Atlanta and add CNG facilities at
the East Point, Lithonia and Tucker, Ga. locations. By fall 2011,
fleets and individuals with CNG vehicles will be able to fill up at
any time at any of these computerized fueling stations.
“By expanding the availability of compressed natural gas at PS
Energy Group’s fueling stations, we encourage individuals and
fleets to reduce their petroleum consumption and impact on the
environment by switching to cleaner, alternative fuels,” said Livia
Whisenhunt, president, CEO and founder of PS Energy Group.
This project is part of the $39.5 million Clean Cities Atlanta
Petroleum Reduction Program, a local public/private partnership
co-funded by the U.S. Department of Energy’s National Clean Cities
Initiative to support clean fuels, vehicles and infrastructure
development to improve fuel economy and air quality in metro
Atlanta. Clean Cities supports local decisions to reduce petroleum
consumption in the transportation sector through the use of
alternative fuels, advanced technology vehicles and fuel economy
measures.
“Clean Energy is working with PS Energy Group to respond to the
growing demand for CNG by fleets powered by clean-burning, natural
gas,” said James Harger, chief marketing officer of Clean Energy.
Construction is projected to begin in second quarter 2011 at PS
Energy Group’s fueling stations.
About PS Energy Group, Inc.
Founded in 1985, PS Energy Group, Inc. (www.psenergy.com) is a
privately-owned, Atlanta-based company that offers business,
industry and government a full range of energy and transportation
solutions. As one of the nation’s top 38 diversity-owned businesses
and the nation’s 3rd largest Hispanic-owned company, PS Energy
Group provides transportation fuels, emergency fueling and fleet
management services, including etracTM, a telematics
solution that helps improve productivity, profitability and the
quality of the environment through better asset monitoring and
vehicle tracking.
About Clean Energy
Clean Energy (NASDAQ: CLNE) (www.cleanenergyfuels.com) is the
largest provider of natural gas fuel for transportation in North
America and a global leader in the expanding natural gas vehicle
market. It has operations in CNG and LNG vehicle fueling,
construction and operation of CNG and LNG fueling stations,
biomethane production, vehicle conversion and compressor
technology. Clean Energy fuels over 21,200 vehicles at 224
strategic locations across the United States and Canada with a
broad customer base in the refuse, transit, trucking, shuttle,
taxi, airport and municipal fleet markets.
Clean Energy 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 statements about the timing of station
improvements and additional station capacity. 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 permitting and construction delays or delays in the
manufacturing of critical equipment. 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.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6660547&lang=en
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