NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Clean Energy Fuels Corp. (Nasdaq: CLNE) announced today that it has been awarded a $3 million design, build, operation and maintenance contract for a new compressed natural gas (CNG) fueling station which will serve both public and private customers.
The City of Santa Fe, New Mexico, has contracted with Clean Energy to build a CNG fueling station for its transit and refuse fleets as well as offering access to the public. The unique station design will include fast-fill dispensers for Santa Fe Trails, the city’s transit agency, as well as time-fill dispensers installed nearby at the city’s Environmental Services Division for its refuse fleet. The public will be able to fuel their vehicles via a separate lane with its own quick-fill dispenser.
The station is expected to fuel 67 CNG transit, para-transit and refuse vehicles, and dispense approximately 440,000 gasoline gallon equivalents (GGEs) per year, which is expected to increase as the solid waste department plans on increasing the size of their CNG fleet over the next 5 years.
The operations and maintenance contract will run for 8 years, beginning with the opening of the station scheduled for 2018.
“The City of Santa Fe is committed to operate in the most environmentally responsible manner possible. By fueling our fleet with CNG, we can decrease the amount of NOx and greenhouse gas emissions that are emitted into the air,” said Keith Wilson, with the City of Santa Fe’s Transit Division. “Not only is CNG cleaner, but it is also more cost effective, which is important for our taxpayers.”
“At Clean Energy, we take pride in working with our customers to develop fueling solutions that fit their specific need,” said Andrew J. Littlefair, Clean Energy’s president and chief executive officer. “By understanding the city’s requirements, we were able to design a fueling complex that will fuel both transit and refuse vehicles, while simultaneously allowing the public to have access as well.”
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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