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Clean Energy Wins Major Transit Deal; Shows Continued Growth with New and Existing Customers

 March 2, 2016 - 6:00 AM EST

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Clean Energy Wins Major Transit Deal; Shows Continued Growth with New and Existing Customers

Clean
Energy Fuels Corp.
(NASDAQ: CLNE) announced that it won a $10
million, multi-year procurement from New Jersey Transit, the nation’s
third largest provider of bus, rail and light rail transit, which links
major points in New Jersey, New York and Philadelphia and provides close
to 223 million passenger trips each year.

The procurement includes rebuilding a large compressed natural gas (CNG)
fueling station, as well as additional garage modifications and the
repair and maintenance of facilities through 2020. NJ Transit is
expected to operate a fleet of 147 CNG commuter buses estimated to
consume approximately 2 million gasoline gallon equivalents (GGEs) each
year.

Clean Energy also signed other agreements across the transit,
refuse
and trucking
markets, including the construction of new stations and extended
maintenance and fueling contracts.

Transit

  • SP+, a provider of professional parking management, has signed a
    5-year fueling agreement with Clean Energy to fuel 16 CNG buses for a
    new Consolidated Rent-A-Car facility located at the San Diego
    International Airport. The buses, owned by the San Diego Airport
    Authority, are anticipated to consume approximately 27,000 GGEs per
    month and will fuel with Redeem™,
    Clean Energy’s renewable natural gas (RNG) derived from biomethane.
  • On Feb. 10, 2016, the Los Angeles County Metropolitan Transportation
    Authority (LA
    Metro
    ) opened its Division 13 facility, a $6 million private CNG
    fueling station built by Clean Energy. The new facility, which will be
    maintained by Clean Energy for the next 10 years, will fuel
    approximately 175 buses, which are expected to consume a total of 2
    million GGEs of CNG annually.
  • Clean Energy extended its maintenance contract with Santa Cruz
    Metropolitan Transit District (Santa Cruz Metro) for an additional 5
    years. The maintenance
    services
    support a station that fuels Santa Cruz Metro’s 100 CNG
    buses used throughout the county.
  • Clean Energy customer MV Transportation was awarded a CNG bus contract
    with Los Angeles World Airports. The 14 CNG buses will fuel
    exclusively at Clean Energy stations.
  • The City of Long Beach recently announced the purchase of over 100
    additional light- and medium-duty CNG vehicles that will fuel at two Clean
    Energy stations
    in the city.

Trucking

  • Long-time customer, Dillon
    Transportation
    , has signed a new agreement with Clean Energy to
    fuel its heavy duty trucks in Texas with Redeem™. Dillon currently
    operates 72 CNG and liquefied natural gas (LNG) trucks out of Dallas,
    San Antonio, Midland and Houston which now fuel with Redeem to meet
    its customers’ sustainability goals. In 2015, Dillon’s fleet consumed
    1.1 million GGEs of natural gas in Texas.
  • Raven
    Transport
    will deploy an additional 10 new LNG tractors out of
    Clean Energy’s Fort Worth, Texas, station starting in early March,
    which are expected to consume approximately 220,000 GGEs annually. The
    fueling contract runs through 2020.
  • Blackrock Logistics, based out of Pleasanton, Calif., and new
    customer, has deployed 10 CNG trucks for its fleet and will be fueling
    at Clean Energy’s Fontana, Calif., station. The 3-year fueling
    agreement represents approximately 110,000 GGEs of CNG each year.

Refuse

  • Clean Energy will design, build, lease and operate a new station in
    Orange County, Fla., for FCC, a multi-national construction firm that
    was awarded a refuse collection contract with the county. FCC has
    deployed 46 CNG trucks for that contract and will be fueling at Clean
    Energy’s Orlando International Airport station until the new station
    is completed. FCC is anticipated to consume close to 410,000 GGEs per
    year.
  • Clean Energy has signed a contract to design and build two stations
    for Recology Inc., one of the largest private refuse fleets in the
    country. In Brisbane, Calif., Clean Energy will design and build a
    time-fill and fast-fill station to support Recology’s current fleet of
    64 CNG trucks, and be able to support their growth to 200 trucks in
    the future. At Recology’s Gilroy, Calif. station, Clean Energy will
    design and build a time-fill station to support 50 CNG trucks.
  • Harrison Brothers Enterprises has signed a station design and build
    contract with Clean Energy to support their fleet of 13 CNG refuse
    trucks. The station will include 24 fueling hoses and have the
    capacity to fuel over 100 trucks, supporting the refuse haulers plans
    to expand their use of CNG as their fueling solution of choice.

Natural gas fuel costs less than gasoline or diesel, depending on local
market conditions. The use of natural gas fuel also reduces greenhouse
gas emissions up to 21 percent. In addition, nearly all natural gas
consumed in North America is produced in North America.

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 and LNG fuel than any other
company in the U.S. Clean Energy also sells Redeem™ RNG fuel and
believes it is the cleanest transportation fuel commercially available,
reducing greenhouse gas emissions by up to 90%. 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 numbers of
vehicles expected to be deployed, amounts of natural gas fuel expected
to be consumed, 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 vehicles, 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:
Jason Johnston
949-437-1411
jason.johnston@cleanenergyfuels.com
or
Clean
Energy Investor Contact:

Tony Kritzer
949-437-1403
tkritzer@cleanenergyfuels.com

Source: Business Wire
(March 2, 2016 - 6:00 AM EST)

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