LA Metro Awards Multi-Year Contract for Clean Energy's Redeem™
The fueling contract begins with a one-year pilot where Clean Energy will provide Redeem to one of Metro's eleven compressed natural gas stations, which are currently operated and maintained by Clean Energy. Each station provides fuel for approximately 200 CNG buses. Execution of an additional option will allow Clean Energy to provide Redeem to the entire fleet of 2,200 natural gas buses for four more years, for an anticipated 38 million gasoline gallon equivalents (GGEs) each year.
Over the five-year period, the transition to RNG will reduce Metro's
greenhouse gas (GHG) emissions by over 520,000 metric tons over
the use of regular natural gas and by almost 900,000 metric tons over
the use of diesel. Unrelated to the use of Redeem, Metro will begin
retrofitting and replacing their buses with the new
"As one of the largest transit agencies in the nation, we take our
responsibility to the environment and the taxpayers very seriously,"
said
Redeem is derived from biogenic methane or biogas, which is methane that is naturally generated by the decomposition of organic waste. The methane gas is then processed, purified and sent into the interstate natural gas pipeline and transported to Clean Energy's and its customers' stations.
"We are continuously assessing new technologies in transportation and
perform a rigorous analysis before adopting anything," said
"Metro is putting the needs of its customers and the people of
About Clean Energy
About Metro
The
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 amounts of
RNG expected to be consumed by Metro. 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, execution of the contract option. 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
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Clean Energy
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