Clean Energy Wins CNG Contract with Washington Metropolitan Area Transit Authority; Applauds Passage of Landmark California Clean Air Laws
Clean
Energy Fuels Corp. (NASDAQ: CLNE) announced that it has been awarded
a multi-year contract for Washington Metropolitan Area Transit
Authority (WMATA), which provides transit services to more than 4
million people across the National Capital Region. The contract covers
two transit stations that supply over 580 compressed natural gas (CNG)
transit vehicles and represents approximately 6 million Gasoline Gallon
Equivalents (GGEs) per year.
Clean Energy also welcomes the passage of two major climate change bills
in California last week. Senate Bill 32 and Assembly Bill 197, which
will require the state to cut greenhouse gas levels to 40 percent below
their 1990 levels by 2030, are both expected to be signed into law by
Governor Jerry Brown.
“The passage of these two bills are a testament to the commitment shown
by the State of California to sustain its efforts to reduce greenhouse
gas emissions,” said Andrew J. Littlefair, president and CEO of Clean
Energy. “The use of natural gas transportation fuel by medium and
large-size vehicle fleets can play a significant role in helping to
achieve the goals laid out in these bills.”
Clean Energy has also signed additional agreements throughout the United
States representing a growing portfolio of natural gas fueling.
Transit
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Akron
Metro Regional Transportation Authority held a ribbon cutting
ceremony to celebrate the public expansion of their CNG fueling
station in Akron, Ohio. The private station, which is operated and
maintained by Clean Energy to fuel Akron’s 60 full-sized CNG Transit
buses, and 31 paratransit buses, will now offer CNG 24/7 to the
public. Clean Energy will handle the retail, operations and
maintenance of the public facility as well.
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Foothill
Transit, the largest municipal operator in Los Angeles County, has
awarded Clean Energy a $1.4 million contract to upgrade one of two
Clean Energy natural gas fueling stations, which support 361 CNG
Transit vehicles. The stations, currently under a maintenance contract
with Clean Energy until 2024, dispense approximately 6 million GGEs
per year.
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Clean Energy is completing an expansion of BC Transit’s Nanaimo
Transit Center in Nanaimo, British Columbia, Canada. The station,
originally built by Clean Energy in 2013, can now accommodate 50 CNG
transit buses and is part of BC Transit’s long term plan to expand the
use of CNG buses at many of their transit facilities.
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The Metropolitan Nashville Airport Authority has contracted with Clean
Energy to design & build a new CNG station at the Nashville airport.
Clean Energy was also awarded a 7-year operation and maintenance
agreement for the station, which is expected to initially fuel 28
natural gas shuttle buses and other airport vehicles with an
anticipated 350,000 GGEs per year.
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The Los Angeles World Airport’s Board of Directors has approved Clean
Energy’s bid to supply CNG fuel for LAX’s
offsite parking buses and service vehicle fleet. Clean Energy has
three CNG fueling stations at the airport and expects to provide
approximately 800,000 GGEs per year for the airport’s fleet.
Refuse
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USA
Hauling and Recycling, one of the largest private solid waste and
recycling companies in the country, has contracted with Clean Energy
to design, build, operate & maintain a third natural gas station in
Connecticut. The new station, located in East Windsor, will initially
serve 40 natural gas refuse trucks via time-fill dispensers,
representing an anticipated 600,000 GGEs per year.
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Waste Connections, the third largest refuse hauler in the United
States, signed a contract for Clean Energy’s Redeem™ for its San Jose,
California location. The station is expected to use approximately
660,000 GGEs of Redeem annually.
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Burrtec
Waste Industries, the largest private solid-waste company in
California, has signed a contract to begin using Redeem™ at its
Fontana station. Burrtec will also use Redeem at their Santa Clarita
station, which is currently being built by Clean Energy. The two
stations combined are anticipated to account for approximately 800,000
GGEs per year.
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Clean Energy has completed construction of a time-fill CNG station in
Edmonton, Alberta, Canada for GFL (Green for Life) Environmental Inc.,
one of Canada’s largest liquid and solid refuse companies.
Trucking
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Mark W. Clemons Trucking, a USPS carrier, has named Clean Energy its
preferred provider for fueling services in Arizona and California.
Clemons currently has a CNG fleet of 8 Heavy-Duty Trucks and 3 Class 7
box trucks, and is expected to consume approximately 120,000 GGEs per
year.
In addition to these projects, Clean Energy Fuels secured $1.2 million
in grant
funding for 7 Clean Energy customers in the refuse, transit and
trucking industries. The grants, awarded by four different states,
provide funding for a total of 53 natural gas vehicles, including refuse
vehicles for South San Francisco Scavenger, shuttle vehicles for Wally
Park at the Denver International Airport, and CNG heavy-duty trucks for Testa
Produce in Illinois.
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 90 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
90%. 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 the signing
of SB 32 and AB 197, 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.
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Copyright Business Wire 2016
Source: Business Wire
(September 1, 2016 - 6:00 AM EDT)
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