Clean Energy Fuels (CLNE) To Benefit From Expanding CNG Bus Fleets

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09:56:45 am on November 17, 2008

Bus fleets in San Diego, Las Vegas and Phoenix have begun expansions of their compressed natural gas (CNG) initiative in order to decrease emissions.  Clean Energy Fuels (CLNE) has contracts in place with these cities and stands to benefit from the expansion of CNG use to the tune of 2.5 million additional gallons per year. 

The San Diego Transit System is scheduled to add 26 new 60ft CNG buses and 50 ft CNG buses by the end of November bringing the total fleet to nearly 400 by year end.  The Phoenix Public Transit Authority will add 51 new CNG buses, bringing the total to 132 while Las Vegas is expected to add 45 new CNG buses to its fleet in early 09.

James Harger, Clean Energy Senior VP, said, “Industry acceptance of natural gas-fueled buses is increasingly enthusiastic and widespread. In their moves to replace older diesel buses with new CNG models, transit agencies tell us that lower fuel costs, reduced harmful emissions and improved performance are key factors in their decision to switch to natural gas power.”

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