Clean Energy Signs Significant Deals in Trucking, Transit and Manufacturing
TRANSIT: LA Metro Signs 10-year Deal to Solidify Clean
Energy as Their Exclusive CNG Fuel Partner for the Nation's Largest
- LA Metro Board approved a 10-year compressed natural gas (CNG) station operation and maintenance contract with Clean Energy for four of LA Metro's CNG bus fueling stations. With this award, Clean Energy will continue to operate and maintain all of the Agency's 10 CNG bus fueling stations as well as an 11th station currently under construction by Clean Energy.
- Clean Energy anticipates compressing approximately 15 million gallons of natural gas annually for the next 10 years to serve the four stations named in this contract. Additionally, Clean Energy expects to continue to compress approximately 21 million gallons of natural gas annually for LA Metro's additional stations.
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TRUCKING: Fox Transportation Signs Clean Energy's Largest Single
Order and Deployment of Medium-Duty CNG Trucks for Delivery Services in
-
Fox
Transportation signs fueling agreement and plans deployment of
over 100 CNG
trucks over the next several months which will fuel at Clean
Energy stations throughout
Southern California . - Once fully deployed, the fleet is expected to consume approximately 600,000 diesel-gallons-equivalent of CNG fuel per year.
-
Fleet is anticipated to make approximately 900,000 deliveries annually
to hospitals throughout
California , traveling over five million miles per year.
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MANUFACTURING: Clean Energy Signs First of its Kind Fuel
Deal with NG Advantage to
-
Clean Energy Fuels and NG Advantage partner in 10-year deal to construct a new natural gas compression facility in centralNew Hampshire to expand reach to manufacturing and other energy-intensive customers not on a natural gas pipeline throughoutNew England andEastern New York . - Operated by Clean Energy, the facility is intended to provide a minimum of 10-million gasoline-gallons-equivalent of CNG per year. This potentially represents more than double the CNG fuel volume supplied by Clean Energy's highest-volume CNG station.
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A VIEW FROM THE TOP:
An insider's look at what this means
for the Alternative Fuel Industry from Clean Energy's President and CEO,
"The perceived barriers and limitations of natural gas continue to be eliminated as new users are seeing both the economic and environmental advantage of transitioning to natural gas. What this could mean for the natural gas industry and innovation is limitless and Clean Energy is at the forefront of this wave as we push the boundaries of natural gas into new industries and markets that only five years ago were simply not viable."
Visit www.cleanenergyfuels.com for additional information and photos of all recent announcements.
About Clean Energy Fuels Corp.
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 statements about the amounts of natural gas fuel
expected to be provided to LA Metro, Fox Transportation and NG
Advantage, respectively. Actual results and the timing of events could
differ materially from those anticipated in these forward-looking
statements as a result of several factors. 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
Media Contact:
Public
Relations Manager
949-437-1411
patric.rayburn@cleanenergyfuels.com
or
Investor
Contact:
Director, Investor Relations
949-437-1403
tkritzer@cleanenergyfuels.com
Source:
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