Clean Energy to Fuel Bimbo Bakeries’ First Heavy-duty Natural Gas Trucks; Signs Additional Trucking Fueling Agreements
September 11 2014 - 6:01AM
Business Wire
Clean Energy Fuels Corp. (NASDAQ:CLNE) today announced it will
fuel the first heavy-duty natural gas trucks deployed by Bimbo
Bakeries USA, the largest baker in the United States. Trucking
fleets across the nation continue to expand or begin natural gas
fueling operations. Clean Energy and approximately 40 competitors
have opened nearly 100 public heavy-duty, truck-friendly stations
so far in 2014, according to the U.S. Department of Energy,
Alternative Fuels Data Center. This translates into an annual
infrastructure growth rate of over 20 percent, with certain markets
like Texas experiencing significant natural gas fueling station
growth. Grant awards affecting Clean Energy and its growing
portfolio of natural gas fueling customers were also announced.
Trucking
Bimbo Bakeries USA Reduces Environmental
Footprint through New Fleet of Clean Energy Heavy-duty Natural Gas
Trucks in California
- Bimbo Bakeries USA (BBU) has contracted
with Clean Energy to introduce its first heavy-duty natural gas
trucks into its fleet in California. The 16 heavy-duty natural gas
trucks will use fuel from Clean Energy’s public-access compressed
natural gas station network throughout Northern California.
- BBU expects to explore options for
adding more natural gas trucks to its fleet throughout the country
based on the success of this initial deployment. BBU operates more
than 65 bakeries and distributes products through 12,000 sales
routes throughout the United States.
- This initial deployment of trucks is
expected to cut greenhouse gas emissions by more than 580 metric
tons.
“As a leader in the baking industry, BBU
understands that it has a responsibility to invest in and raise
sustainability standards. We are continuously looking for ways to
reduce our greenhouse gas emissions and our collaboration with
Clean Energy to deploy natural gas trucks is an important step in
our company-wide green initiatives.” - Jim McKeown, director of
environment and sustainability for BBU and Grupo Bimbo
Kenan Advantage Group (KAG) to Deploy 24
Additional Heavy-duty Trucks to Haul Clean Energy LNG
- KAG, Clean Energy’s contract carrier
for LNG, is scheduled to expand its LNG fleet with 24 additional
LNG trucks. KAG has been operating 25 LNG trucks and fueling with
Clean Energy since 2013.
- These trucks will fuel at Clean
Energy’s America’s Natural Gas Highway stations in Ariz., Calif.,
Colo., N.M., and Texas, and is forecasted to consume approximately
400,000 DGEs of LNG per year.
“Expanding our natural gas fleet to haul
Clean Energy LNG makes perfect sense since we’re delivering to
Clean Energy stations every day. We are excited about the
opportunity to continue growing with this valuable customer.” -
Mark Davis, president of Jack B. Kelley, a subsidiary of The Kenan
Advantage Group
Clean Rentals, Inc./Clean Uniforms and
More! Begins CNG Pilot Program
- Clean Rentals of New Bedford, Mass.,
will begin a CNG pilot program with four heavy-duty natural gas
trucks in a regional delivery application and fuel at Clean
Energy’s public natural gas fueling network.
Modern Transportation Expands LNG
Fleet
- Modern Transportation is expanding its
LNG fleet in the Mid-Atlantic. The fleet is currently running a
high mileage application for Owens Corning, with each truck
traveling nearly 200,000 miles per year.
“Our LNG truck fleet has performed extremely
well and we’ll continue to expand this fleet to provide the most
environmentally friendly and economical logistics solution to our
customers.” - Rich Kushner, vice president of sales, Modern
Transportation
Network
Pennsylvania Awards Clean Energy and its
Customers $5.1 Million in Grants for Station Development, Expansion
and Vehicles
- Pennsylvania Department of
Environmental Protection (DEP) awarded Clean Energy customers $1.4
million for 166 natural gas vehicles. Awarded under the Alternative
Fuel Incentive Grants (AFIG) program of the Office of Pollution
Prevention and Energy Assistance, the funds will help pay for the
conversion or purchase of medium- to light-weight natural gas
vehicles. A total of 274 NGVs were funded under AFIG’s Sept. 4th
grant award. DEP estimates 24 new fueling stations and 35 existing
stations will be supported by these NGVs.
- Under the direction of the Commonwealth
Financing Authority, the Pennsylvania Department of Community and
Economic Development and DEP also awarded Clean Energy $3.78
million under the Alternative and Clean Energy program for the
development, construction and/or expansion of natural gas fueling
stations.
Natural gas fuel costs up to $1.50 less per gallon than gasoline
or diesel, depending on local market conditions. The use of natural
gas fuel not only reduces operating costs for vehicles, but also
reduces greenhouse gas emissions up to 30% in light-duty vehicles
and 23% in medium- to heavy-duty vehicles. In addition, nearly all
natural gas consumed in North America is produced domestically.
About Clean Energy
Clean Energy Fuels Corp. (NASDAQ:CLNE) is the leading 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; develop renewable
natural gas (RNG) production facilities; and deliver more CNG, LNG
and Redeem RNG fuel than any other company in 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 the number of trucks expected to be
deployed and the amount of natural gas fuel expected to be consumed
by BBU, KAG, Clean Rentals and Modern Transportation, respectively,
and the benefits of natural gas relative to gasoline and diesel.
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, without limitation, the price
of natural gas relative to gasoline and diesel, the cost and
operating experience associated with natural gas trucks, and
permitting and other factors affecting construction. 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.
Clean Energy Media Contact:Patric
Rayburn949-437-1411patric.rayburn@cleanenergyfuels.comorClean
Energy Investor Contact:Tony
Kritzer949-437-1403tkritzer@cleanenergyfuels.com
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