Clean Energy Fuels just announced the grand opening of the world’s largest LNG/CNG truck fueling station. The new natural gas fueling station is located in California, right next to the ports of Long Beach and Los Angeles. With two 25,000-gallon LNG storage tanks, six LNG dispensers, and two CNG dispensers, the station will be able to provide fuel for several hundred trucks each day. The station is open to the public and was built to … Read the rest
Category Archives: Liquified/Compressed Natural Gas Fuel
Clean Energy Fuels (CLNE) Enters Florida Market, Gets 10 Yr CNG Contract
Clean Energy Fuels (CLNE) has entered the Florida market. The company is announcing a new 10 year contract this morning with solid waste company Choice Environmental Services to build and operate a compressed natural gas (CNG) fueling station in Ft Lauderdale, Florida. Choice Environmental is the first waste and recycling firm in south Florida to convert a portion of its fleet to cleaner burning natural gas fuel, which will begin running on the fuel in … Read the rest
Clean Energy Fuels (CLNE) Plunges Further On Stock Offering
Clean Energy Fuels (CLNE) is adding to Friday’s sharp loss this morning, taking out two key areas of support (50 and 200 day moving average) in the process after announcing a 6 million share stock offering subject to market conditions. The company will use the proceeds for working capital and other corporate purposes. Merrill Lynch & Co. is the sole book-running manager for the offering. Lazard Capital Markets, Janney Montgomery Scott and Craig-Hallum Capital Group … Read the rest
Clean Energy Fuels (CLNE) Gets 3 Yr City of Phoenix LNG Deal
Clean Energy Fuels (CLNE) continues to add government customers for its liquified natural gas fueling solutions. Today, it’s been announced that the City of Phoenix (which has the largest fleet of LNG buses in the nation) has awarded CLNE with a new three year contract to supply LNG fuel to power its fleet of 400 buses in the Public Transit Department (Valley Metro) making the Metro Fleet its largest customer to date. The contract begins … Read the rest
Fuel Systems Solutions (FSYS) Expands Its LPG Reach With CleanFuel USA Deal
Fuel Systems Solutions (FSYS) is expanding the reach of its liquid propane gas kits by signing a non-exclusive distribution agreement with CleanFUEL USA who will market and sell the EPA certified kits for converting GM and Ford vehicles to run on the liquid propane.
Matthew Beale, Fuel Systems’ President and CFO, said, “Signing this agreement with CleanFUEL USA, an established player in the LPG alternative fuel vehicle market, is another step forward in our U.S. … Read the rest
Fuel Systems Solutions (FSYS) Purchases Assets From FuelMaker Corporation
Fuel Systems Solutions Inc just announced that it has finished buying some some assets and some CNG technology from FuelMaker Corporation, including a home CNG refueling appliance. Fuel Systems Solutions bought the technology for $7 million and also agreed to take over some of FuelMaker’s service operations and outstanding purchase orders.
In a company press release, Mariano Costamagna, CEO of Fuel Systems Solutions, commented on the purchase:
"We are excited to begin integrating our … Read the rest
Clean Energy Fuels To Purchase Exterran’s Gas Station Business
Clean Energy Fuels just announced that it is buying Exterran’s natural gas fueling station business. The $5.9 million deal includes all of Exterran’s natural gas stations as well as Exterran’s four maintenance contracts with transit operators.
In an article from Reuters, Clean Energy Fuel’s CEO Andrew Littlefair commented on the purchase:
… Read the rest"Besides the immediate volume and revenue benefits for Clean Energy, this strategic acquisition expands our participation in the transit industry nationwide," Chief Executive
Clean Energy Fuels (CLNE) Beats With Another Flat Quarter
Clean Energy Fuels (CLNE) which provides compressed natural gas fueling stations (mostly for commercial vehicles), is still in search of consistent profits and revenue growth. While the company beat estimates slightly posting a loss of .06/share, that marks 5 out of the past 6 quarters the company has been under water. Revenue growth remains stagnant. The company posted revenues of $30.2 which about matched last years quarter. I suppose in this environment flat growth isn’t … Read the rest
Fuel Systems Solutions (FSYS) Smashes Lowball Estimates, Surges AH
Last quarter expectations were much too high for the former high flyer, Fuel Systems Solutions (FSYS). The company didn’t match those lofty expectations and the stock has taken a beating. Now that analysts have very little expectations of the company it doesn’t take much to beat and beat they did after the bell today. The company reported an EPS of .44/share which was more than double what analysts had expected. Let’s not get carried away … Read the rest
Fuel Systems Solutions (FSYS) Acquires CNG Assets of FuelMaker Including Phill
Fuel Systems Solutions (FSYS) has announced that it is acquiring assets and technology for compressed natural gas (CNG) products from FuelMaker for $7 million, which includes a home refueling appliance marketed under the Phill brand. The deal is expected to close sometime this quarter.
Here’s a good video highlighting the Phill system.. great move from FSYS.