NEWPORT BEACH, Calif. / Dec 05, 2024 / Business Wire / Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, has announced a series of new deals as it continues to meet the growing customer demand for renewable natural gas (RNG), with new fueling contracts, construction of additional fueling infrastructure, and operations and maintenance contracts.
“The last quarter has been one of our best periods for RNG sales with deals closing across the board in the heavy-duty truck, transit, and refuse markets. This is no better proof that RNG is now a recognized, effective alternative fuel solution that works and continues to satisfy the needs of our longer-term customer as well as gain attention from new customers looking for a clean, alternative to cater to their fueling needs,” said Chad Lindholm, senior vice president at Clean Energy.
Clean Energy has signed an RNG fueling agreement with DHL to provide 100,000 gallons annually over a three-year period to power DHL trucks located in California, Texas and Arizona. These are DHL’s first RNG trucks that the company is testing as a cleaner, more sustainable alternative fueling option to diesel.
Long-time customer and an early adopter of RNG, Food Express, has inked a station build and RNG supply deal for its fleet of 20 heavy-duty Class 8 trucks. The new RNG station will be located in California and will be open to other fleets as well. The RNG volume for the Food Express trucks is expected to be 3 million gallons over the next ten years.
One of the largest transit agencies in the country, LA Metro, has extended its contract to continue to fuel its fleet with clean burning RNG. The agreement will provide five of LA Metro’s stations with an expected 14 million gallons of RNG.
SalSon Logistics has inked a new RNG supply deal to fuel its 15 heavy-duty truck fleet at Clean Energy’s Romeoville, Illinois station. The agreement will see an anticipated 500,000 gallons of fuel over a five-year period to cleanly fuel and transport goods for its customer, Ikea, in the Chicago area.
Estes Express Lines, the largest privately held freight transportation company in North America, has signed an RNG fueling agreement with Clean Energy for an estimated 450,000 gallons annually of RNG to be used by 40 new trucks that will fuel at Clean Energy’s station in Fort Worth, TX. Clean Energy also currently provides RNG for 50 of Estes’ trucks in California.
Clean Energy has extended its relationship with cattle and beef haulers, Harris Ranch, and will supply 450,000 gallons of RNG to 40 of Harris Ranch’s heavy-duty 8 truck fleet as well as maintain its private station in Coalinga, CA.
One of the largest street sweeping companies in the country, Nationwide Environmental Services, based in Norwalk, California, has signed a 5-year maintenance and RNG supply contract for an anticipated 1.75 million gallons of RNG to fuel its 75 street sweepers. The company services over 2.5 million citizens in greater Los Angeles, Orange, Ventura, San Bernardino and Riverside counties.
Clean Energy won the contract to supply Nassau Inter-County Express (NICE) with RNG to cleanly power a large fleet of its transit vehicles. The agreement is important because NICE is transitioning their fleet of 278 transit buses from CNG to RNG. The deal will provide an expected 16.5 million gallons of ultra-low carbon RNG fuel over a five-year period.
Clean Energy has signed an agreement with Noble Environmental, a waste management company, to build a new RNG fueling station in Westmoreland, PA. Noble Environmental will supply the site with an expected 550,000 gallons annually of RNG produced from their own landfill gas to power 50 of their sanitation trucks.
Van Eaton Ready Mix in Oklahoma has inked a maintenance contract for an anticipated 800,000 gallons to fuel 102 vehicles in their concrete fleet. Van Eaton began testing RNG over 12 years ago and have since tripled their RNG-powered fleet.
Clean Energy has signed an agreement with Laredo Municipal Transit System, El Metro, in Texas to supply an expected 1.6 million gallons of RNG over a five-year period to fuel 38 of Loredo’s transit buses. El Metro switched a portion of its fleet to RNG in October 2024.
Clean Energy was awarded a contract to upgrade the dispensers at Dallas Area Rapid Transit’s (DART) private fueling station in Dallas. Clean Energy will improve reliability and extend the longevity of DART’s station which currently fuels 700 CNG transit buses.
The City of Gardena (GTrans), Calif. has signed a new deal to power its 39 transit vehicles with RNG. Contracted to provide 2.5 million gallons of RNG over five years, the agreement follows the completion of a design and build of a private CNG fueling station for GTrans a few months ago.
Clean Energy has signed an agreement with the City of Santa Clarita, Calif., to provide operations and maintenance services at four of the city’s fueling station sites to power 100 RNG transit buses with an anticipated 12 million gallons over the next eight years.
Long-term customer, University of California in San Diego, has inked an operations and maintenance and RNG supply deal for its fleet of shuttle buses and sanitation trucks which operate across the university campus. The supply volumes are anticipated to be 1.1 million gallons over the next three years.
Arlington Transit in Virginia has signed an operations and maintenance agreement with Clean Energy for its transit fleet. The deal is expected to use 800,000 gallons of fuel for 78 transit buses.
Burgmeier’s Hauling has signed a RNG supply contract with Clean Energy for an anticipated 900,000 gallons over five years to fuel 20 sanitation trucks.
MarBorg Industries, a waste management company, has signed a maintenance deal with Clean Energy for an anticipated 445,000 gallons annually to fuel 25 sanitation trucks.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived by capturing methane from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada as well as RNG production facilities at dairy farms. Visit www.cleanenergyfuels.com and follow @ce_renewables on X and LinkedIn.
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 amounts and timing of renewable natural gas expected to be produced or consumed; the timing and scope of construction, maintenance, and other projects; the numbers and timing of vehicles expected to be deployed, fueled, maintained, or financed; the characteristics and performance of natural gas engines and trucks; the potential development of the market for RNG; the environmental and other benefits of Clean Energy’s fuels; the availability of environmental, tax and other government regulations, programs and incentives; and the impacts of legislative and regulatory developments. 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.
Last Trade: | US$2.80 |
Daily Change: | 0.01 0.36 |
Daily Volume: | 2,107,075 |
Market Cap: | US$625.690M |
December 11, 2024 November 25, 2024 November 06, 2024 October 22, 2024 September 26, 2024 |
Leveraging its vertically-integrated approach from mine to material manufacturing, Graphite One intends to produce high-grade anode material for the lithium-ion electric vehicle battery market and energy storage systems...
CLICK TO LEARN MOREDevvStream provides upfront capital for sustainability projects in exchange for carbon credit rights. Through these rights, the company generates and manages carbon credits by utilizing the most technologically advanced...
CLICK TO LEARN MORECOPYRIGHT ©2022 GREEN STOCK NEWS