NEWPORT BEACH, Calif.--(EON: Enhanced Online News)--Clean Energy Fuels Corp., (NASDAQ: CLNE) announced that it has been awarded two new fueling station construction projects, and that its Facility Modification Services (FMS) division continues to grow with multiple projects underway, including three for Cummins Inc.’s Sales and Service business.
“In addition to fleets such as Caltrans and Republic who use our station daily, we’ve noticed an increase in other fleets using natural gas as well. It’s a win-win; they get cheaper, cleaner fuel, and we get cleaner air for our city.”
Burrtec Waste Industries, one of the largest private solid-waste companies in California, has contracted with Clean Energy to build a compressed natural gas (CNG) fueling station in Coachella, California. The station is expected to fuel 50 CNG refuse trucks and dispense approximately 520,000 gasoline gallon equivalents (GGEs) per year. Burrtec also awarded Clean Energy a 10-year operations and maintenance contract for the station.
South Jersey Gas and Riggins Inc. have also contracted with Clean Energy to build a public CNG station in Franklin Township, New Jersey utilizing the company’s CleanCNG™ compressors. This will mark the 100th CleanCNG™ non-lubricated compressor with ultra-low vibration and noise-engineering to be delivered since announcing the start of production in June of last year. Clean Energy also signed a 10-year operations and maintenance agreement for the station, which will be the third South Jersey Gas station that Clean Energy has constructed and been engaged to provide the operations and maintenance services for.
“While we continue to add transit, trucking and refuse fleets to our list of customers fueling at our network of stations all across North America, we also continue to build complete stations for our customers, and we expect to complete 62 of these types of projects this year,” said Andrew J. Littlefair, president and CEO of Clean Energy.
In addition to facilities modifications work for Cummins at their locations in Hodgkins, Illinois; Bristol, Pennsylvania; and Bronx, New York; Clean Energy has been awarded a contract with the City of San Fernando to upgrade its public CNG station. The $1.3 million project is needed due to the increased traffic at the station, as well as to incorporate newer technologies in compression equipment.
“We are happy that more and more companies are turning to natural gas,” said Robert C. Gonzales, Mayor of San Fernando. “In addition to fleets such as Caltrans and Republic who use our station daily, we’ve noticed an increase in other fleets using natural gas as well. It’s a win-win; they get cheaper, cleaner fuel, and we get cleaner air for our city.”
- Bimbo Bakeries USA, the largest baker in the United States, has signed a fueling agreement with Clean Energy for an additional 19 CNG trucks based out of their Montebello, California location. The vehicles will fuel at Clean Energy’s public fueling stations located in both Commerce and Whittier California.
- Clean Energy has added Frank C. Alegre Trucking to its list of fueling customers by signing a multi-year fueling agreement. Frank C. Alegre Trucking purchased five liquefied natural gas (LNG) trucks for their bulk food hauling operations throughout Southern California and will fuel at Clean Energy stations. These trucks are Alegre’s first natural gas vehicles in their fleet.
- Texas Gas Transport, a LNG hauler based out of Dallas/Fort Worth, has signed a fueling agreement for Clean Energy for six of its LNG trucks delivering fuel to El Paso, Texas. Texas Gas Transport specializes in providing fueling solutions to locations where the pipeline does not provide gas service, including to the shipping, drilling and power generation industries.
- Orange County Transportation Authority has signed a fueling contract with Clean Energy for 1.5 million GGEs of LNG for its fleet of 73 buses. The company will use Clean Energy’s Redeem™ brand of renewable natural gas (RNG), rated up to 70 percent cleaner than diesel and considered the cleanest transportation fuel available. The agency is transitioning their LNG fleet to CNG, and will continue to fuel their fleet at Clean Energy’s Anaheim and Garden Grove locations during the transition which is expected to be complete in 2017.
- In October Republic Services, one of the nation’s largest refuse companies, opened a private fueling station in Daly City, California to support its contract for refuse services with the city. The time-fill station was built by Clean Energy to support 21 CNG refuse vehicles and is estimated to dispense approximately 215,000 GGEs per year.
- Universal Waste Systems and Burrtec Waste Services, refuse providers in Los Angeles County, have both signed multi-year fueling agreements with Clean Energy for CNG. Both companies will also use Clean Energy’s Redeem™ brand of RNG. The contracts call for Universal to use up to 550,000 GGEs per year and Burrtec to use approximately 200,000 GGEs per year.
In addition to these projects, Clean Energy Fuels secured over $400,000 in grant funding for Clean Energy customers Amato Industries, Bimbo Bakeries, and Testa Produce. The funds, provided by the states of Pennsylvania, Illinois and California, allow companies to purchase natural gas vehicles, including the purchase of 18 heavy-duty CNG vehicles by Bimbo.
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 70 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 70%. For more information, visit www.CleanEnergyFuels.com.
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, 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.