NEWPORT BEACH, Calif. / Jun 20, 2024 / Business Wire / Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, announced a series of new deals with several municipalities across the country. These agreements represent a collective growing demand within city agencies for more sustainable, low-carbon solutions for their operations.
“What we are now observing is that municipalities which are eager to meet their environmental and fiscal goals can do this with renewable natural gas (RNG) easily, immediately and cost-effectively. Many cities are now making clean fuel a requirement for their transportation needs because of local, state and federal requirements to reduce emissions. RNG is the best solution to meet those needs,” said Chad Lindholm, senior vice president at Clean Energy.
In a competitive bid, Clean Energy won the contract against other fuel providers to become the sole RNG provider for the City of Fort Collins, Colo. transit and fleet vehicles. RNG is a sustainable transportation fuel made from organic waste which drastically reduces carbon emissions by an average of 300% versus diesel. The deal will cover RNG supply for three fueling stations owned and operated by the city. 500,000 gallons of clean-burning RNG will power 52 transit buses and other service vehicles annually.
“Here in Fort Collins, we are committed to renewable fuels and cleaning up our emissions to help reduce transport-related pollution throughout the city. We are firm believers in sustainability and our desire was to have the greatest percentage of RNG available for our CNG fleet. We are pleased to partner with Clean Energy to fuel our growing fleet and lower the city’s carbon footprint,” said Tracy Ochsner, Director Operation Services at the City of Fort Collins.
The City of Beverly Hills, Calif. has signed a new deal to power its waste vehicles with RNG. The deal is contracted to provide 119,000 gallons of RNG to the city’s 17 solid waste fleet vehicles annually. Clean Energy will also provide monthly maintenance services for their fueling station.
In a competitive bid, Clean Energy won the contract to design and build a private station for the City of Arcadia, Calif. The site is designed to deliver 200,000 gallons of ultra-low carbon fuel annually and will fuel 28 transit buses and utility trucks operating in the city.
Clean Energy was awarded a contract with Long Beach Transit to oversee operations and maintenance of its private fueling station. The deal will provide an expected 1.4 million gallons of fuel annually, supplying 125 transit buses operating in the city of Long Beach, Calif.
The Garden City Transit Authority in New York has signed an operations and maintenance agreement with Clean Energy for its transit fleet. The deal is expected to use an anticipated 3.3 million gallons of fuel for 237 transit buses.
The City of Bakersfield, Calif., has signed an agreement with Clean Energy to provide services, parts and materials for the city’s two fueling stations. Clean Energy will also fuel the city’s 79 waste collection vehicles with an anticipated 750,000 gallons of liquefied natural gas (LNG).
Suburban Disposal in New York has inked a maintenance agreement with Clean Energy for a station that provides 549,000 gallons of fuel to power its fleet of 61 waste collection trucks.
City of Scottsdale, Ariz. has signed an agreement with Clean Energy to maintain its station. The station is anticipated to provide 455,000 gallons of fuel for approximately 103 vehicles which comprise of fleet vehicles, waste collection trucks and forklifts.
Orange County Public Works in Calif. has signed a contract with Clean Energy to provide station services as well as fuel. The station will dispense an estimated 300,000 gallons of fuel annually which will power refuse trucks, street sweepers, sewer cleaners and other third-party refuse vehicles.
The City of Tacoma, Wash. has signed an operations and maintenance agreement with Clean Energy for a station that is expected to dispense 450,000 gallons of fuel annually to operate 50 of its refuse trucks.
Waste Resources in Gardena, Calif. has signed a repairs and maintenance deal with Clean Energy to provide 448,000 gallons of fuel to 64 of its waste collection vehicles.
The Port of Seattle has inked a deal with Clean Energy for its airport transport fleet. Clean Energy will provide approximately 400,000 gallons of clean fuel for 45 of its airport shuttle buses.
Clean Energy has extended its relationship with Atlantic County Utilities Authority in New Jersey to operate and maintain a station that will provide approximately 481,000 gallons of fuel for the city’s 100 waste collection trucks.
Clean Energy has inked a deal with the District of Columbia Public Works to provide fuel and maintenance for 20 government vehicles and waste collection trucks in the city. The contract is expected to provide 15,000 gallons of fuel to DC Public Works annually.
Fort Smith Transit Authority in Arkansas has signed a contract with Clean Energy to provide maintenance services as well as fuel. The deal highlights the City of Fort Smith’s commitment to expanding its CNG fleet to decrease their emission and reach their sustainability goals. The agreement is for an estimated 200,160 gallons to power 16 transit vehicles.
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$2.88 |
Daily Change: | -0.14 -4.64 |
Daily Volume: | 2,517,135 |
Market Cap: | US$643.560M |
November 25, 2024 November 06, 2024 October 22, 2024 September 26, 2024 August 07, 2024 |
Northstar Clean Technologies is a cleantech company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar’s mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America...
CLICK TO LEARN MOREElse Nutrition is changing the face of early childhood nutrition with clean, sustainable, plant-based products. The company has developed the world’s first whole plant-based infant formula that is targeting the $100+ billion global...
CLICK TO LEARN MORECOPYRIGHT ©2022 GREEN STOCK NEWS