Clean Energy Wins Major Transit Deal; Shows Continued Growth with New and Existing Customers
March 02 2016 - 6:00AM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160302005469/en/
Clean Energy Media Contact:Jason
Johnston949-437-1411jason.johnston@cleanenergyfuels.comorClean
Energy Investor Contact:Tony
Kritzer949-437-1403tkritzer@cleanenergyfuels.com
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