Clean Energy Fuels (CLNE) is getting an 18 month contract extension from Sun Metro of El Paso, Texas to continue supplying them with liquefied and compressed natural gas fuel to run their fleet of public buses. CLNE has had a contract with Sun Metro since 2003 and now supplies nearly 5 million gallons annually.… Read the rest
Tag Archives: clean energy fuels
Clean Energy Fuels (CLNE) To Provide CNG Fueling to Central Jersey Waste
Central Jersey Waste & Recycling has hired Clean Energy Fuels (CLNE) under a 5 year contract to provide financing, design, construction, operating and maintenance for a compressed natural gas fueling station. Central Jersey Waste is the first firm in New Jersey to convert a portion of its fleet to natural gas.
James Harger, CLNE VP said, “We are pleased to provide these services for Central Jersey Waste that will in turn benefit the state of … Read the rest
Clean Energy Fuels (CLNE) Awarded 10 Yr California Contract
Clean Energy Fuels (CLNE) has been awarded a 10 year contract by the city of Glendale, California to build, maintain and operate a public access natural gas fueling station that will be used to serve public transit buses, municipal vehicles, hauling trucks, taxis, shuttle buses and passenger cars near the Bob Hope airport. It will potentially dispense 800K gallons annually as Glendale’s goal replacing all of its diesel powered fleet vehicles with CNG vehicles over … Read the rest
Clean Energy Fuels (CLNE) Starts Up Largest LNG Plant In Southwest
The Clean Energy Fuels (CLNE) LNG plant in the Mojave Desert, which is the largest in the Southwest has begun to produce and will output up to 160K gallons per day of liquified natural gas but can be expanded to output 240K gallons if the demand is needed. The site will also include a storage facility for 1.8 million gallons of LNG
“We have built the new LNG production facility to respond to the … Read the rest
Clean Energy Fuels (CLNE) To Benefit From Expanding CNG Bus Fleets
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 … Read the rest
Clean Energy Fuels (CLNE) Beats EPS Estimates But Loss Widens
Shares of Clean Energy Fuels (CLNE) are giving back about 8% of today’s 25% surge after hours after reporting mixed results. Revenues missed expectations by one million at 35.3 million for the quarter, good for a 21% increase over the year ago quarter. EPS, excluding one time stock compensation charges came in at a loss of .18/share, a bit better than the .22 loss analysts had expected. That compares to a flat non GAAP EPS … Read the rest
City of Burbank Extends Clean Energy Fuels (CLNE) Contract
Clean Energy Fuels (CLNE) is announcing this morning that the City of Burbank, California is expanding its contract with the company to 2022. Under terms of the contract, CLNE will design, build and operate a new compressed natural gas (CNG) fill station at the Public Works Yard.
“We are pleased to continue and extend our successful CNG fuel relationship with the City of Burbank, where we have provided reliable, cost-effective, environmentally-friendly fueling services for the … Read the rest
California Prop 10 Defeated, A Blow to Pickens Plan & Clean Energy Fuels (CLNE)
With oil prices well off their peak and California mired in financial woes, California’s Prop 10 (or California Alternative Fuels Initiative) which would have provided incentives for purchasers of alternative fuel vehicles, research for development of solar and other renewable energies and training for green collar jobs was defeated by a wide margin.
Many have come to know it has the key for T Boone’s “Pickens Plan” because it calls for much greater use of … Read the rest
Clean Energy Fuels (CLNE) Dives On Secondary Offering, Releases Preliminary Results
Clean Energy Fuels (CLNE) broke through some key support today below $8/share on news the company is selling $35 million in stock to meet needs for working capital and other general purposes which may include expenses related to its Cali LNG plant and future acquisitions.
The CEO stated, “This was a planned step in providing resources to meet our capital expenditure needs and fund the growth of our business. Given the challenging and volatile capital … Read the rest
Clean Energy Fuels (CLNE) Purchase of FuelMaker Cancelled
A few hours ago it was announced that Clean Energy Fuels (CLNE) and American Honda Motor have mutually agreed to terminate the purchase agreement of FuelMaker Corp of Toronto for $17 million. No word on what led to the cancellation.… Read the rest