Clean Energy Signs Significant Deals in Trucking, Transit and Manufacturing
August 06 2013 - 6:01AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq: CLNE) today released an update
to its ROAD TO NATURAL GAS report with select deal announcements of
its growing portfolio of natural gas fuel customers. Clean Energy
continues to lead the natural gas transition with recent deals in
transit, trucking and now expands to manufacturing.
TRANSIT: LA Metro Signs 10-year Deal to Solidify Clean
Energy as Their Exclusive CNG Fuel Partner for the Nation’s Largest
Clean Air Fleet
- LA Metro Board approved a 10-year
compressed natural gas (CNG) station operation and maintenance
contract with Clean Energy for four of LA Metro’s CNG bus fueling
stations. With this award, Clean Energy will continue to operate
and maintain all of the Agency’s 10 CNG bus fueling stations as
well as an 11th station currently under construction by Clean
Energy.
- Clean Energy anticipates compressing
approximately 15 million gallons of natural gas annually for the
next 10 years to serve the four stations named in this contract.
Additionally, Clean Energy expects to continue to compress
approximately 21 million gallons of natural gas annually for LA
Metro’s additional stations.
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TRUCKING: Fox Transportation Signs Clean Energy’s Largest
Single Order and Deployment of Medium-Duty CNG Trucks for Delivery
Services in the United States
- Fox Transportation signs fueling
agreement and plans deployment of over 100 CNG trucks over the next
several months which will fuel at Clean Energy stations throughout
Southern California.
- Once fully deployed, the fleet is
expected to consume approximately 600,000 diesel-gallons-equivalent
of CNG fuel per year.
- Fleet is anticipated to make
approximately 900,000 deliveries annually to hospitals throughout
California, traveling over five million miles per year.
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MANUFACTURING: Clean Energy Signs First of its Kind
Fuel Deal with NG Advantage to Bring Natural Gas to Manufacturing
and Other Energy Intensive Users Beyond the Pipeline
- Clean Energy Fuels and NG Advantage
partner in 10-year deal to construct a new natural gas compression
facility in central New Hampshire to expand reach to manufacturing
and other energy-intensive customers not on a natural gas pipeline
throughout New England and Eastern New York.
- Operated by Clean Energy, the facility
is intended to provide a minimum of 10-million
gasoline-gallons-equivalent of CNG per year. This potentially
represents more than double the CNG fuel volume supplied by Clean
Energy’s highest-volume CNG station.
Click Here to Learn More
A VIEW FROM THE TOP:An insider’s look at what this means
for the Alternative Fuel Industry from Clean Energy’s President and
CEO, Andrew J. Littlefair:
“The perceived barriers and limitations of natural gas continue
to be eliminated as new users are seeing both the economic and
environmental advantage of transitioning to natural gas. What this
could mean for the natural gas industry and innovation is limitless
and Clean Energy is at the forefront of this wave as we push the
boundaries of natural gas into new industries and markets that only
five years ago were simply not viable.”
Visit www.cleanenergyfuels.com for additional information and
photos of all recent announcements.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the largest 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 and develop
renewable natural gas (RNG) production facilities. For more
information, visit http://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 statements about the
amounts of natural gas fuel expected to be provided to LA Metro,
Fox Transportation and NG Advantage, respectively. Actual results
and the timing of events could differ materially from those
anticipated in these forward-looking statements as a result of
several factors. 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.
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