Redeem™ Flowing at Stations for Trucking,
Airports, Refuse, and Transit
The demand for clean, cost-effective renewable natural gas (RNG)
as a transportation fuel continues to rise as Clean Energy Fuels
Corp. (Nasdaq: CLNE) announced it has reached agreement with
trucking firms to lease or purchase more than 250 new heavy-duty
trucks, fueled by its Redeem™ RNG.
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Fleets are rolling out more than 250 new
natural gas heavy-duty trucks through Clean Energy's Zero Now
program. (Photo: Business Wire)
Clean Energy’s Zero Now program makes the cost of leasing or
purchasing a new natural gas heavy-duty truck equal to the price or
even lower than that of the same truck equipped with a diesel
engine. In addition, truck fleets financed or purchased through
Zero Now will be able to purchase Redeem fuel with a fixed discount
to diesel at a significant spread.
With financing made available by Zero Now, along with grant
programs available in many states, trucking companies are rolling
out trucks equipped with the new Cummins-Westport (CWI) ultralow
NOx ISX12N natural gas engine, which provide the same torque and
reliability as their diesel counterparts. The ISX12N is certified
by California Air Resources Board (CARB) to reduce smog-forming NOx
emissions by 90 percent compared to the current engine standard.
RNG reduces climate pollutants such as greenhouse gas, which takes
carbon emissions completely out of trucking.
“We are seeing a positive response to this program as fleets are
discovering the advantages of Zero Now when seeking a clean,
affordable renewable fuel option that combats air pollution and
climate change,” said Andrew J. Littlefair, president and CEO,
Clean Energy. “This early adoption is particularly encouraging
because it’s an endorsement of Near-Zero technology and the high
level of performance it delivers.”
Fleets Take Delivery of Near-Zero Trucks
Among the first fleets taking delivery is Kenan Advantage Group,
the nation’s largest leading bulk carrier, which has added 24 new
near-zero trucks to its fleet through Zero Now. Kenan Advantage
Group will be deploying its natural gas tractors in the company’s
Merchant Gas Group that transports industrial gases. The company
will also be utilizing renewable natural gas where available for
this deployment.
“Clean Energy’s Zero Now is a win-win. It has provided us with
an opportunity to bring the cost of a natural gas truck at parity
with a diesel truck while offering a guaranteed fuel discount for
five years,” said Bruce Blaise, president and CEO, Kenan Advantage
Group.
TTSI is taking delivery of 40 RNG trucks, Freight Line Express
is awaiting delivery of 12 trucks, Supra National Express has eight
on tap, and Romans Trucking with six. Freshlink and Tradelink
Transport have also taken advantage of the program by leasing new
heavy-duty natural gas trucks.
More Redeem for California Airports
Redeem is the first commercially available RNG vehicle fuel. It
is derived from capturing biogenic methane that is naturally
produced by the decomposition of dairy, landfill, and wastewater
treatment plant waste. Redeem enables at least 70 percent reduction
in carbon emissions when displacing diesel or gasoline, according
to CARB estimates.
Los Angeles International Airport has signed a contract to power
31 shuttle buses with Redeem for an expected 2,500,000 gallons over
the life of the buses.
The County of Orange Public Works Department has signed a 5-year
agreement with Clean Energy for the operations, maintenance and
retailing of its public station which will result in dispensing a
projected 750,000 gallons of Redeem.
Los Angeles World Airports (LAWA) has signed a two-year
extension option for Clean Energy to supply an estimated 200,000
gallons of liquified natural gas (LNG) to power its airport bus
fleet.
The County of Sacramento has entered into a contract to fuel its
airport vehicles and school buses at two stations, for which Clean
Energy will provide an expected 300,000 gallons of Redeem fuel,
along with repair and maintenance services.
Growth in Transit Volume
Clean Energy won a renewal 3-year maintenance contract with the
City of Fresno with two option years. The City uses approximately
2,000,000 gallons a year and has 112 compressed natural gas (CNG)
buses.
The Los Angeles County Metropolitan Transportation Authority (LA
Metro) put 41 new CNG buses into service that will fuel at Clean
Energy stations. They are expected to use nearly 5,000,000 gallons
of Redeem over their 12-year lifecycle. Clean Energy also signed a
long-term contract to provide nearly 2,000,000 gallons of Redeem
annually at its City of Santa Clarita Stations.
Refuse Stations Expand Capacity
Long-standing customer Livermore Sanitation has executed a
contract to upgrade its station, which was originally built by
Clean Energy 10 years ago. In addition to adding a new compressor,
the station will be outfitted with nine time-fill hoses so it can
fill its expanded fleet of 35 refuse trucks in a timely manner.
Clean Energy will continue to provide operations and maintenance
and RNG supply following the station upgrade.
USA Hauling and Recycling has executed its fourth CNG station
with Clean Energy contract to build and operate a new 30-truck
time-fill CNG station at its Waterbury, CT facility. These 30 new
CNG refuse trucks will use an anticipated 400,000 gallons
annually.
Clean Energy was awarded a contract from the City of
Philadelphia to perform its CNG garage modifications, as well as
build and operate a new 42 truck time-fill CNG station at the
City’s 3033 South 63rd Street facility. These 42 new refuse trucks
are anticipated to use 220,000 gallons annually.
Long-time customer Solterra Recycling Solutions, a division of
Central Jersey Waste, renewed Clean Energy’s agreement for an
additional five years.
Clean Energy has executed a one-year retail fuel contract with
the City of Sacramento for a projected 350,000 gallons of Redeem to
power its growing CNG refuse trucks at two retail sites.
Clean Energy was awarded City of Redlands RLNG supply contract
for its public access natural gas station. The contract is for one
year with two single year options and approximately 500,000 GGEs
per year. Additionally, the County of Sacramento has signed a
one-year maintenance contract with two single year options to
support its refuse fleet. The station dispenses approximately
550,000 GGEs annually.
The City of Tacoma, WA is negotiating a multi-million dollar
contract with Clean Energy following its RFP equipment solicitation
to upgrade the City’s CNG station. The City plans to complete the
significant station upgrade by the end of 2019 and has extended its
maintenance contract with Clean Energy.
Bringing Natural Gas to Underserved Region
Clean Energy has entered into a 3-year fuel agreement with
Rawhide Leasing who is providing natural gas service to the City of
Mesquite, NV through a virtual pipeline by transporting an
estimated 600,000 total gallons to supply fuel to the fast-growing
young city. Rawhide Leasing will be fueling its trailers at Clean
Energy’s public access fueling stations in Las Vegas.
About Clean Energy
Clean Energy Fuels Corp. is the leading provider of natural gas
fuel and renewable natural gas (RNG) fuel for transportation in the
United States and Canada, with a network of approximately 530
stations across North America that we own or operate. We build and
operate compressed natural gas (CNG) and liquefied natural gas
stations (LNG) stations and deliver more CNG, LNG and RNG vehicle
fuel than any other company in the United States. Clean Energy
sells Redeem™ RNG fuel and believes it is the cleanest
transportation fuel commercially available, reducing greenhouse gas
emissions by at least 70%. Clean Energy owns natural gas
liquification facilities in California and Texas which produces LNG
for the transportation and other markets. 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 amounts of RNG and natural gas fuel expected to be
consumed, the number of natural gas vehicles to be deployed and the
benefits of RNG and 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, and the cost and
operating experience associated with natural gas vehicles. 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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version on businesswire.com: https://www.businesswire.com/news/home/20190507005084/en/
Clean Energy Contact:Raleigh
Gerber949-437-1397raleigh.gerber@cleanenergyfuels.com
Investor Contact:investors@cleanenergyfuels.com
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