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
Tag Archives: clne
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
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
California’s Low Carbon Fuel Initiative May Provide Opportunities For Clean Energy Fuels (CLNE)
While California’s low carbon fuel initiative has both conventional fuel companies and ethanol companies in a tizzy, Clean Energy Fuels Corp sees it as an opportunity. That’s because the standard encourages the use of four fuel types: : hydrogen, electricity, natural gas and biomethane. Of these four fuels, Clean Energy Fuels provides two: natural gas and biomethane. The company owns two LNG plants with a total combined capacity of 260,000 gallons per day, and a … Read the rest
Republic Services, Inc. (RSG) Signs Agreement with Clean Energy Fuels (CLNE)
Republic Services, Inc, 2nd largest garbage collection company in the US, just announced that it has signed a new partnership agreement with T. Boone Pickens’ Clean Energy Fuels Corporation. Under the terms of the contract, Clean Energy Fuels will build and maintain a compressed natural gas fueling system for the CNG-powered fleet that Clean Energy Republic Services is planning to roll out in Idaho.
In a company press release, executives from both companies commented … Read the rest
Clean Energy Fuels (CLNE) Gets CNG Fueling Contract From The Parking Spot
The Parking Spot, which provides near airport parking services has awarded Clean Energy Fuels (CLNE) a contract to assist in the transition of the parking shuttle fleet to CNG fuel. CLNE will design, build and maintain 3 CNG fueling stations located on TPS owned properties in Austin, Dallas and Ft Worth Texas with the possibility of a larger contract to convert the nationwide fleet later on.
James Harger, Clean Energy Senior Vice President, said, … Read the rest
Clean Energy Fuels (CLNE) Gets Supply Contract For Oklahoma State Fuel Station
Clean Energy Fuels just received a 15-year compressed natural gas fueling station supply contract for Oklahoma State University. Although the fueling station will be used primarily to support OSU as it switches to a more environmentally-friendly fleet of CNG-powered buses and other vehicles, it will also be open to the public.
In a company press release, James Harger, Clean Energy Senior Vice President, commented on the contract:
"We are very grateful for the confidence that … Read the rest