Clean Energy to Open Four New Natural Gas Fueling Stations; Announces Multiple Fueling Agreements & Receives Industry Accolades
April 14 2015 - 06:01AM
Business Wire
Clean Energy Fuels Corp. (NASDAQ: CLNE) today announced fueling
has begun at two new compressed natural gas (CNG) fueling station
in Southern California as well as two new truck-friendly CNG
stations in Lake Havasu City, Ariz., and Kansas City, Kan. The
company also received industry recognition for its new NGV Easy
Bay® from Heavy Duty Trucking Magazine as well as the top transit
engineering honor at the Canadian Deputy Minister’s Consulting
Engineers Awards. Additional agreements representative of Clean
Energy’s growing portfolio of natural gas fueling customers were
also announced.
Trucking
Seaboard Transport Expands CNG Fueling at
Two New Truck-friendly Stations
- Seaboard contracted to increase its CNG
fueling by an anticipated 240,000 DGEs annually for its expanded
fleet of 58 heavy duty natural gas trucks.
- Clean Energy will open heavy duty
truck-friendly stations in Lake Havasu City, Ariz., and Kansas
City, Kan. The fleet currently fuels throughout Clean Energy’s
network of stations in Calif., Ariz., N.M., Colo., Texas, Ill.,
Ind., Ohio and Va.
Potelco Signs LNG Fueling
Agreement
- Clean Energy to fuel approximately 75
heavy duty liquefied natural gas (LNG) trucks for Washington-based
Potelco, Inc.
- The fleet provides electrical and gas
line construction and maintenance services for many customers
throughout the Northwest and is forecasted to consume approximately
360,000 DGEs of LNG annually.
Team Campbell Logistics Expands CNG
Fleet
- Ten additional heavy duty CNG trucks
are scheduled to be deployed and fuel at Clean Energy’s Fontana,
Calif., station. These additional trucks are forecasted to consume
approximately 10,000 DGEs of CNG annually.
Transit
DART Expands CNG Fleet with 63 Additional
Buses
- The additional vehicles are forecasted
to consume approximately 630,000 DGEs of CNG annually and will fuel
at DART’s four natural gas stations built, operated and maintained
by Clean Energy.
SuperShuttle of Austin Signs Multi-year
Fueling Agreement
- Longtime Clean Energy customer
SuperShuttle of Austin has extended its fueling relationship for
its fleet of 20 CNG vans fueling at Clean Energy’s Austin
public-access station, where it is forecasted to consume
approximately 240,000 GGEs of CNG annually.
Torrance, Calif., Public Works Begins
Fueling Fleet at Private Station
- Fueling commenced at Torrance’s private
natural gas station which was designed, built, and is being
operated and maintained by Clean Energy.
- The station is fueling approximately 35
refuse trucks and 29 transit buses with an estimated 390,000 DGEs
of CNG annually. The Torrance natural gas transit fleet is expected
to expand with an additional 26 transit buses in the second quarter
of 2015.
Refuse
Burrtec Contracts with Clean Energy for
Third CNG Station
- Clean Energy to design, build, operate
and maintain a CNG station in Santa Clarita, Calif., for longtime
customer Burrtec.
- The station will fuel approximately 22
CNG refuse trucks which are forecasted to consume approximately
200,000 DGEs of CNG annually.
Accolades
Clean Energy’s IMW Subsidiary Receives Top
Award for Transit Engineering at 11th Annual Deputy Minister’s
Consulting Engineers Awards
- IMW Industries, Ltd., a wholly-owned
subsidiary of Clean Energy, was recognized for its work on
Victoria, BC-based BC Transit's Compressed Natural Gas Bus Fuel
Station in Nanaimo, BC.
- This first-of-its-kind CNG station for
BC Transit was designed and built by Clean Energy and IMW; it began
fueling in the spring of 2014.“Our government is actively promoting
natural gas as an efficient and clean transportation fuel, and
transit as an environmentally friendly and viable mode of
transportation. This new infrastructure supports both these
priorities, and I congratulate Clean Energy Fuels for receiving
this well-deserved award,” said Todd Stone, Minister of
Transportation and Infrastructure, British Columbia.
NGV Easy Bay® Named One of Heavy Duty
Trucking’s Top 20 Products of 2015
- Clean Energy’s lowest-cost,
code-compliant vapor barrier system for the maintenance and storage
of natural gas vehicles earned the fourth spot on Heavy Duty
Trucking’s list of Top 20 Products of 2015.
- Each product was evaluated based on,
“…its level of innovation, whether it addresses significant
industry issues or concerns, and its potential to improve a
trucking operation’s bottom line.”
IMW’s CleanCNG Compressor Receives INPRO
Award for Innovation
- An international panel of industry
experts awarded the prestigious INPRO Award to Clean Energy
subsidiary IMW for its CleanCNG product during the 2015
International Gas Show which took place in Warsaw, Poland.
- CleanCNG was recognized for,
“astonishing innovation,” for CNG fueling applications.
Natural gas fuel costs up to $1.00 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 vehicles expected to be
deployed and the amount of natural gas fuel expected to be consumed
by Seaboard Transport, Potelco, Team Campbell Logistics, DART,
SuperShuttle, Torrance Public Works and Burrtec, 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 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:Patric
Rayburn949-437-1411patric.rayburn@cleanenergyfuels.comorClean
Energy Investor Contact:Tony
Kritzer949-437-1403tkritzer@cleanenergyfuels.com
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