Add Austin, Texas to the expanding portfolio of CNG fueling station locations for Clean Energy Fuels (CLNE). The company announced earlier today that it has won a 10 year contract to design, build and maintain a public compressed natural gas (CNG) fueling station near the Austin-Bergstrom International Airport. Not only will the station will serve the general public, but provide fuel to airport shuttles and taxi cabs. Construction is expected to begin in just a … Read the rest
Category Archives: Liquified/Compressed Natural Gas Fuel
AT&T Orders Van Conversions From Clean Energy Fuels (CLNE)
Clean Energy Fuels just announced that AT&T has placed an order with Clean Energy Fuels’ subsidiary BAF Technologies to have 463 Ford E-250 vans converted to run on compressed natural gas.
The order is due in the second quarter of next year. Previously, AT&T placed an order for 463 van conversions that will be due in the first quarter of 2010. AT&T has also indicated that BAF should buy supplies for an additional 463 van … Read the rest
Copenhagen Climate Change Conference Play – Fuel Systems Solutions (FSYS)
This post is brought to you by Cabot Green Investor and republished with permission. Cabot Green Investor is one of the top green stock publications available.
This week marked the start of a global meeting on climate change in Copenhagen, with nearly 200 nations trying to reach an agreement on this contentious issue. The delegates attending the summit will have until December 18 to discuss things like cuts on greenhouse gas emissions, particularly from … Read the rest
Capstone Turbine (CPST) Projects Receive $1.6 Million In Stimulus Funding
Capstone Turbine just announced that 2 of the nine projects from Pennsylvania chosen to receive American Recovery and Reinvestment Act funding under Pennsylvania’s GreenWorks program were submitted by its Mid-Atlantic distributer, E-Finity Distributed Generation, and use Capstone’s technology.
The two projects will receive a combined $1.6 million in funding. They involve installing and maintaining a Capstone C1000 at Mount Joy Wire Corp and a Capstone C200 natural gas turbine at Philadelphia Gas Works.
In a … Read the rest
Clean Energy Fuels (CLNE) Awarded CNG Fueling Station Contract By Veolia Transportation
Clean Energy Fuels (CLNE) continues to win CNG fueling development contracts in Cali and it’s scored another one this morning. Veolia Tranportation Services, N. America’s largest private provider of public transit has awarded CLNE with a contract to build and operated a CNG fueling station in downtown LA. Construction is set to begin in Jan 2010 and be completed in mid 2010.
Senior VP of CLNE James Harger, said, “We are very grateful for the … Read the rest
BorgWarner (BWA) Turbochargers Used In CNG Engines From Opel and Volkswagon
BporgWarner turbochargers are being used to improve performance in new compressed natural gas (CNG) engines from Opel and Volkswagon. BorgWarner’s technology is currently being used in the Opel 1.6-liter compressed natural gas (CNG) engine and the VW 1.4-liter TSI EcoFuel engine.
With the help of BorgWarner’s turbochargers, both engines were able to achieve 150 horsepower, so they have the pickup that previous CNG engines lacked while still providing great fuel economy and low CO2 emissions. … Read the rest
Clean Energy Fuels’ (CLNE) Opens CNG Fueling Stations In Four States
Garbage companies in 4 states have opened CNG fueling stations designed and built by Clean Energy Fuels. According to this press release, Clean Energy Fuels has designed and built fueling stations for the following operators in the following states:
Choice Environmental Services in Fort Lauderdale, FL
Central Jersey Waste in Hamilton Township, NJ
Allied Waste Services in Boise, ID
South County Sanitary Company in San Luis Obispo, CA
The new stations will help these garbage … Read the rest
Clean Energy Fuels (CLNE) Secures CNG Contract In New Jersey
Clean Energy Fuels (CLNE) has been awarded another CNG contract this morning, this time from the Atlantic County Utilities Authority which provides waste and recycling services in southern New Jersey. CLNE will design, build and maintain a new compressed natural gas fueling station to support ACUA’s growing fleet of CNG vehicles. The facility will be open 24/7 and be available to the general public. No word on the financials of the deal
James Harger … Read the rest
Clean Energy Fuels (CLNE) Misses On Revenues, But Back In The Black
Clean Energy Fuels (CLNE) reported mixed results after the bell but managed to get back in the black for the first time in a few years, reporting a non GAAP .01/share profit. However, revenues were shy of analyst estimates at $31.2 million.
CEO Andrew Littlefair commented on the company’s future:
“As the economic and environmental benefits of natural gas are becoming more widely understood and well publicized, we have expanded our discussions to include a … Read the rest
Canaccord Adams Maintains Fuel Systems (FSYS) Buy Rating, Raises Price Target
Canaccord Adams is also maintaining its Buy rating on Fuel Systems Solutions (FSYS) and raising the price target from $40 to $48 following yesterday’s earnings
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Hat tip to StreetInsider.com for the following analyst comment:
“Incrementally positive. Delayed OEM (DOEM) momentum continues unabated (vehicle throughput +25% Q/Q), more than offsetting expected weakness in Industrial. The strength translated into higher guidance for the second consecutive quarter…The leverage in the model is clearly impressive, as DOEM volumes … Read the rest