Clean Energy Wins CNG Contract with Washington Metropolitan Area Transit Authority; Applauds Passage of Landmark California C...
September 01 2016 - 6:00AM
Business Wire
Clean Energy Fuels Corp. (NASDAQ: CLNE) announced that it has
been awarded a multi-year contract for Washington Metropolitan Area
Transit Authority (WMATA), which provides transit services to more
than 4 million people across the National Capital Region. The
contract covers two transit stations that supply over 580
compressed natural gas (CNG) transit vehicles and represents
approximately 6 million Gasoline Gallon Equivalents (GGEs) per
year.
Clean Energy also welcomes the passage of two major climate
change bills in California last week. Senate Bill 32 and Assembly
Bill 197, which will require the state to cut greenhouse gas levels
to 40 percent below their 1990 levels by 2030, are both expected to
be signed into law by Governor Jerry Brown.
“The passage of these two bills are a testament to the
commitment shown by the State of California to sustain its efforts
to reduce greenhouse gas emissions,” said Andrew J. Littlefair,
president and CEO of Clean Energy. “The use of natural gas
transportation fuel by medium and large-size vehicle fleets can
play a significant role in helping to achieve the goals laid out in
these bills.”
Clean Energy has also signed additional agreements throughout
the United States representing a growing portfolio of natural gas
fueling.
Transit
- Akron Metro Regional Transportation
Authority held a ribbon cutting ceremony to celebrate the public
expansion of their CNG fueling station in Akron, Ohio. The private
station, which is operated and maintained by Clean Energy to fuel
Akron’s 60 full-sized CNG Transit buses, and 31 paratransit buses,
will now offer CNG 24/7 to the public. Clean Energy will handle the
retail, operations and maintenance of the public facility as
well.
- Foothill Transit, the largest municipal
operator in Los Angeles County, has awarded Clean Energy a $1.4
million contract to upgrade one of two Clean Energy natural gas
fueling stations, which support 361 CNG Transit vehicles. The
stations, currently under a maintenance contract with Clean Energy
until 2024, dispense approximately 6 million GGEs per year.
- Clean Energy is completing an expansion
of BC Transit’s Nanaimo Transit Center in Nanaimo, British
Columbia, Canada. The station, originally built by Clean Energy in
2013, can now accommodate 50 CNG transit buses and is part of BC
Transit’s long term plan to expand the use of CNG buses at many of
their transit facilities.
- The Metropolitan Nashville Airport
Authority has contracted with Clean Energy to design & build a
new CNG station at the Nashville airport. Clean Energy was also
awarded a 7-year operation and maintenance agreement for the
station, which is expected to initially fuel 28 natural gas shuttle
buses and other airport vehicles with an anticipated 350,000 GGEs
per year.
- The Los Angeles World Airport’s Board
of Directors has approved Clean Energy’s bid to supply CNG fuel for
LAX’s offsite parking buses and service vehicle fleet. Clean Energy
has three CNG fueling stations at the airport and expects to
provide approximately 800,000 GGEs per year for the airport’s
fleet.
Refuse
- USA Hauling and Recycling, one of the
largest private solid waste and recycling companies in the country,
has contracted with Clean Energy to design, build, operate &
maintain a third natural gas station in Connecticut. The new
station, located in East Windsor, will initially serve 40 natural
gas refuse trucks via time-fill dispensers, representing an
anticipated 600,000 GGEs per year.
- Waste Connections, the third largest
refuse hauler in the United States, signed a contract for Clean
Energy’s Redeem™ for its San Jose, California location. The station
is expected to use approximately 660,000 GGEs of Redeem
annually.
- Burrtec Waste Industries, the largest
private solid-waste company in California, has signed a contract to
begin using Redeem™ at its Fontana station. Burrtec will also use
Redeem at their Santa Clarita station, which is currently being
built by Clean Energy. The two stations combined are anticipated to
account for approximately 800,000 GGEs per year.
- Clean Energy has completed construction
of a time-fill CNG station in Edmonton, Alberta, Canada for GFL
(Green for Life) Environmental Inc., one of Canada’s largest liquid
and solid refuse companies.
Trucking
- Mark W. Clemons Trucking, a USPS
carrier, has named Clean Energy its preferred provider for fueling
services in Arizona and California. Clemons currently has a CNG
fleet of 8 Heavy-Duty Trucks and 3 Class 7 box trucks, and is
expected to consume approximately 120,000 GGEs per year.
In addition to these projects, Clean Energy Fuels secured $1.2
million in grant funding for 7 Clean Energy customers in the
refuse, transit and trucking industries. The grants, awarded by
four different states, provide funding for a total of 53 natural
gas vehicles, including refuse vehicles for South San Francisco
Scavenger, shuttle vehicles for Wally Park at the Denver
International Airport, and CNG heavy-duty trucks for Testa Produce
in Illinois.
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 and up to 90
percent with the use of renewable natural gas. 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 CNG and LNG fueling stations; manufacture CNG and LNG
equipment and technologies; develop 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 the signing of SB 32 and AB 197,
numbers of vehicles expected to be deployed, amounts of natural gas
fuel expected to be consumed, the completion of natural gas
upgrades and vehicle facilities, 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/20160901005463/en/
Clean Energy Media Contact:Jason Johnston,
949-437-1411jason.johnston@cleanenergyfuels.comorClean Energy
Investor Contact:Tony Kritzer,
949-437-1403tkritzer@cleanenergyfuels.com
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