Clean Energy Signs Multi-Year Contract with LA Metro for More Than 47 Million Gallons of Renewable Natural Gas
February 08 2021 - 6:00AM
Business Wire
Nation’s Largest Bus Fleet Will Now be Powered
by Sustainable Low-Carbon Fuel Derived from Organic Waste
Clean Energy Fuels Corp. (NASDAQ: CLNE) announced that the Los
Angeles County Metropolitan Transportation Authority (Metro) has
signed a new agreement for an estimated 47.5 million gallons of its
renewable natural gas (RNG) to fuel the nation’s largest transit
bus fleet.
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LA Metro has signed a new agreement for
an estimated 47.5 million gallons of Clean Energy's renewable
natural gas to fuel the nation’s largest transit bus fleet. (Photo:
Business Wire)
This agreement will mark the completion of Metro’s 5-year goal
to transition its diesel fleet to cleaner, low-carbon fuel, with
2,400 buses now running on RNG—the first renewable and commercially
available vehicle fuel made entirely from organic waste.
“Metro is committed to ensuring a seamless path towards a carbon
neutral future,” said Metro’s Chief Sustainability Officer, Cris
Liban. “Our use of RNG alongside our ultra-low NOx engines on our
existing CNG fleet provides the most cost-effective, equitable, and
clean air strategy as we continue to transition to a 100%
zero-emissions bus fleet by 2030 and a net zero-emissions agency by
2050.”
The fueling contract resulted from a competitive RFP process,
with Metro awarding Clean Energy three fueling depots for a
five-year term, with an option to extend up to three additional
years. Clean Energy already delivers RNG to five additional Metro
fueling depots under a previously awarded RNG agreement.
Over the 5-year period, the transition to RNG will further
reduce Metro’s greenhouse gas (GHG) emissions significantly
compared to the use of conventional natural gas, driving down
Metro’s Scope 1 emissions.
Additionally, Metro has been retrofitting and replacing its
buses with the Cummins-Westport Low NOx CNG engines that reduce
smog-forming NOx to 90% lower than the EPA NOx limit.
Clean Energy’s RNG is derived from capturing the biogenic
methane produced by the decomposition of organic waste from
dairies, landfills, and wastewater treatment plants. RNG reduces
climate-harming greenhouse gas emissions by at least 70 percent,
and even up to 300 percent depending on the source of the RNG,
making it a negative carbon fuel.
“Metro continues to lead public transportation as one of the
cleanest fleets in the US, with nearly 22 million gallons of RNG
delivered to Metro since 2017,” said Clean Energy Renewables Senior
Vice President, Nate Jensen. “With this additional commitment to
fuel with Clean Energy’s RNG, Metro is accelerating its path to net
zero carbon emissions through RNG and other alternative fuels.”
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 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
RNG 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 amounts of RNG expected to be consumed and the
benefits of RNG. Actual results and the timing of events could
differ materially from those anticipated in these forward-looking
statements. The forward-looking statements made herein speak only
as of the date of this press release and, unless otherwise required
by law, Clean Energy undertakes no obligation to publicly update
such forward-looking statements to reflect subsequent events or
circumstances. Additionally, the reports and other documents Clean
Energy 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/20210208005062/en/
Clean Energy Contact: Raleigh Gerber 949-437-1397
raleigh.gerber@cleanenergyfuels.com
Investor Contact: investors@cleanenergyfuels.com
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