NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (Nasdaq: CLNE) announced that Dallas Area Rapid Transit (DART), one of the country’s largest transit agencies to move away from diesel to natural gas, has extended Clean Energy’s operation and maintenance contract for an additional four years. Clean Energy services DART’s four compressed natural gas (CNG) facilities supporting 537 buses and 123 shuttles and paratransit vehicles. These stations are anticipated to dispense approximately 40 million gasoline gallon equivalents (GGEs) over the contract period.
On July 27, Los Angeles Metropolitan Transit Authority (LAMTA) approved the purchase of an additional 65 CNG buses, expanding on a purchase earlier in July of 295, for a total of 360 new CNG buses. LAMTA currently operates the largest CNG fleet in the nation with a total of 2,250 buses, all of which may, at the option of LAMTA, be fueled by Clean Energy’s Redeem™ brand of renewable natural gas (RNG) that is the cleanest transportation fuel available rated 70% cleaner than diesel. These new buses will be fitted with CWI’s latest L9N engines, which have NOx emissions 90% lower than the current EPA NOx limit of 0.2 g/bhp-hr.
In addition to these two agreements in the transit market, Santa Cruz Metropolitan Transit has extended its LNG fueling contract with Clean Energy, as has Orange County Transportation Authority.
The Cities of Fresno, California, and Tempe, Arizona, along with the National Park Service Grand Canyon and Kings County Area Public Transit in Hanford, California, have each signed operations and maintenance agreements with Clean Energy for their stations. These agencies are estimated to dispense close to 6 million GGEs per year.
In the heavy duty trucking market, Clean Energy added three large United States Postal Service (USPS) carriers to its customer list. They include one of the largest USPS carriers, St. Augustine, Florida-based Postal Fleet Services; Thunder Ridge Transport, a carrier servicing 13 states; and Edward Zengel & Sons, also based out of Florida. The addition of these three fleets brings the total number of USPS carriers fueled by Clean Energy to 13.
Long time Clean Energy customer Ruan Transportation Management Systems, No. 25 in Transport Topics’ 2017 list of the Top 50 Logistics Companies, has also awarded Clean Energy a fueling contract for CNG trucks operating out of Dallas and Austin, Texas. Food Express, a national transporter of food grade commodities, based out of Arcadia, California, will begin fueling with Clean Energy for their routes in Southern California.
The addition of these fleets represents approximately 400,000 GGEs per year.
Check out one trucker’s discovery of running greener with natural gas here.
In the refuse sector, Clean Energy was awarded a contract to design and build a new station for Patriot Waste, the refuse provider to Prescott Valley, Arizona. The Cities of Denver; Sacramento and Redlands, California; and Marborg Industries in Santa Barbara, California, have also extended fueling agreements for their transit agencies.
The City of San Bernardino, California, has awarded Clean Energy a multi-year LNG supply and maintenance contract. The LNG is converted into CNG for the City’s public fueling station which is utilized by many neighboring CNG school bus and refuse fleets.
The fueling contracts and maintenance agreements represent approximately 2.25 million GGEs per year.
See how refuse fleets are benefiting communities across North America here.
About Clean Energy
Clean Energy Fuels Corp. is the leading provider of natural gas fuel for transportation in North America. We build and operate CNG and LNG vehicle fueling stations; manufacture CNG and LNG equipment and technologies; and deliver more CNG and LNG vehicle 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.
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 numbers of vehicles expected to be deployed, amounts of natural gas fuel expected to be consumed 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.
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