Clean Energy Fuels Corp. (NASDAQ: CLNE) announced new fuel
agreements for its Redeem™ renewable natural gas (RNG), along with
multiple station expansions to accommodate the continued demand for
the ultra-low carbon fuel produced from organic waste, across key
sectors of the transportation industry.
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Clean Energy continues to expand the use
of clean, ultra-low carbon fuel for fleets. (Photo: Business
Wire)
“Despite this unprecedented challenging time that the country is
experiencing with COVID-19, Clean Energy continues to expand the
use of a clean, ultra-low carbon fuel to fleets,” said Chad
Lindholm, vice president, Clean Energy. “Many of our customers
including heavy-duty trucking, refuse, and transit agencies are
performing heroic duty by continuing to operate under extreme
difficult circumstances. We applaud them and will support them any
way we can.”
Clean Energy has completed a time-fill station upgrade for the
City of Chesapeake, VA which recently obtained 12 new natural gas
refuse trucks increasing its fleet to 60. The contract calls for an
approximate 2.5 million gallons over five years and includes
operations and maintenance.
Clean Energy completed construction of its fourth station for
USA Hauling at their Waterbury, CT yard. The 30-truck private
time-fill station will dispense an estimated 1.8 million gallons
over the five-year contract which also includes operations and
maintenance.
In 2006 Clean Energy entered into a ten-year contract with the
City of Long Beach to design, build, operate and maintain a natural
gas station to fuel public and City vehicles. In the first year of
operation the site dispensed 180,000 gallons. By 2017 station sales
had reached over 700,000 gallons and the City looked to increase
capacity with an updated and more robust station.
The new station will provide three dispensers and two 400hp
compressors. These compressors will allow drivers to fuel nearly
three times faster than the current station. The new station will
be constructed while the existing station remains in operation,
which will minimize downtime and ensure continuous and reliable
fueling for existing fleet customers.
Clean Energy has completed construction of its fifth station
with South Jersey Gas at the Cape May County Municipal Utilities
Authority Transfer Station. The public access fast-fill facility
will initially fuel approximately 100,000 gallons per year for
utility vehicles, transfer trucks and Jitney shuttle buses with
volume anticipated to increase annually as additional CNG vehicles
are procured.
Strong Start in Solid Waste
Clean Energy has signed a contract with Republic Services in Las
Vegas to upgrade station equipment and add 92 fueling spots which
in total will provide an approximate 3.7 million gallons of RNG per
year.
In Chula Vista, Clean Energy signed an agreement with Republic
Services for a station upgrade that will add 35 fueling spots and
total an estimated 612,000 gallons per year.
Recology King County, a Seattle-based waste management company,
has signed a 10-year operations and maintenance agreement for its
station, which will fuel an anticipated 10 million gallons over the
life of the contract. The station, originally constructed by Clean
Energy in 2011, supports approximately 100 refuse trucks.
The County of Sacramento renewed its agreement with Clean Energy
to provide maintenance services at the County’s CNG and LNG
station. The CNG station supports the fueling needs at the County’s
airport while the LNG station is heavily utilized by the County’s
refuse trucks. Combined, these stations should dispense over
750,000 gallons annually.
Refuse company Tidewater Fibre Corporation in Chesapeake, VA
extended its service contract at a CNG station fueling around 40 of
its CNG refuse trucks with an approximate 440,000 gallons
annually.
FCC Environmental Services has signed a multi-year CNG station
maintenance agreement with Clean Energy for their Volusia County,
FL operations. FCC will be serving the county with 35 CNG waste and
recycling trucks anticipated to use over 300,000 gallons
annually.
Significant Contract Highlights
In Clean Energy’s first RNG supply agreement with a California
School District, Garden Grove Unified School District signed a
5-year RNG supply for approximate 575,000 gallons to fuel 67
vehicles.
Clean Energy received an extension with the Atlantic County
Utilities Authority in New Jersey for operations, maintenance,
retail, billing and marketing services for 40 trucks for an
estimated 560,000 gallons per year.
K&I Services, Inc. in Bakersfield, CA has signed an
agreement to purchase seven new trucks through Clean Energy’s Zero
Now, a program that brings the cost of a natural gas truck at
parity with a diesel truck while offering a guaranteed fuel
discount. Clean Energy will supply K&I with an estimated
540,000 gallons of Redeem over the 5-year contract for waste
transfer trucks that will service the LA County Department of
Sanitation and fuel at the Clean Energy station in Whittier.
Sacramento-based trucking company Matheson Postal Services
signed an extension to its fueling agreement with Clean Energy for
80 CNG tractors operating in service to the US Postal Service.
Matheson is a top-tier transportation provider to the US Postal
Service.
Clean Energy expanded fueling services into the medium-duty box
truck space with Packair Freight, which provides deliveries to
movie sets. Packair recently purchased its first CNG medium-duty
box truck for service at LAX and is looking to acquire additional
units.
All 550 Clean Energy stations have remained fully operational
during the COVID-19 crisis and continue to provide access to
customers that are supplying essential services. With the largest
technician base in North America, Clean Energy is committed to
serving fleet operators while protecting the health and safety of
both its employees and customers.
About Clean Energy
Clean Energy Fuels Corp. is North America’s leading provider of
the cleanest fuel for the transportation market. Through its sales
of Redeem™ renewable natural gas (RNG), which is derived from
capturing biogenic methane produced from decomposing organic waste,
Clean Energy allows thousands of vehicle fleets, from airport
shuttles to city buses to waste and heavy-duty trucks, to reduce
their amount of climate-harming greenhouse gas by at least 70% and
even up to 300% depending on the source of the RNG. Clean Energy
can deliver Redeem through compressed natural gas (CNG) and
liquified natural gas (LNG) to its network of approximately 540
fueling stations across the U.S. and Canada. Clean Energy builds
and operates CNG and LNG fueling stations for the transportation
market, owns natural gas liquefication facilities in California and
Texas, and transports bulk CNG and LNG to non-transportation
customers around 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 numbers of natural gas vehicles expected to be
deployed; amounts of RNG and natural gas fuel expected to be
consumed; and the benefits of natural gas vehicles, RNG and natural
gas. 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/20200505005077/en/
Clean Energy Contact: Raleigh Gerber 949-437-1397
raleigh.gerber@cleanenergyfuels.com
Investor Contact: investors@cleanenergyfuels.com
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