Clean
Energy Fuels Corp. (NASDAQ: CLNE)
today announced fueling has begun at its Valdosta, Ga., and London,
Ohio, America’s
Natural Gas Highway stations to serve Raven
Transport and Epes’
fleets of heavy-duty
liquefied natural gas (LNG) trucks. An agreement with PECO, the
largest electric and natural gas utility in Pennsylvania, has also been
entered whereby Clean Energy will operate PECO’s CNG stations throughout
the greater-Philadelphia area. Select fueling agreements were also
announced in the transit sector which build on Clean Energy’s portfolio
of natural
gas fuel customers across the country.
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Trucking:
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Clean Energy Becomes First Company to Offer Both CNG and LNG in
Texas Triangle and Opens Valdosta, Ga., and London, Ohio,
America’s Natural Gas Highway Stations
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With the opening of the San Antonio, Texas, America’s Natural Gas
Highway station, Clean Energy opened the Texas Triangle to natural
gas fueling and became the first company to offer both CNG and LNG
for this critical goods movement corridor.
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Epes
Transport System, Inc., based in Greensboro, N.C., will deploy
heavy-duty natural gas trucks to haul goods for Lowe’s
regional distribution center in Valdosta, Ga. Lowe’s recently
named Epes “Truckload Carrier of the Year” for best overall
service, a distinction Epes continues to strive for, particularly
in helping Lowe’s achieve its stated goal to transition all
regional distribution center dedicated fleets to natural gas by
the end of 2017.
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This fleet is expected to consume approximately 250,000 DGEs of
LNG per year. This represents a greenhouse gas reduction of
approximately 448 metric tons per year, the equivalent of removing
approximately 90 cars off the road each year.
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“We stand behind the vision of Lowe’s to be an industry leader in
alternative transportation throughout its supply chain.
Cleaner-burning and less expensive natural gas makes sense for our
fleet and we will continue to explore additional opportunities to
deploy natural gas trucks throughout our operations in the eastern
United States,” said Britt Colley, president of Epes.
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Network:
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Clean Energy to Operate PECO’s CNG Stations in Southeastern
Pennsylvania
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Clean Energy will upgrade the equipment at six existing PECO CNG
stations and manage all new and existing retail sales and fleet
accounts. The stations will remain in operation during the
equipment upgrades.
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PECO
will continue to provide natural gas to the stations and will use
these stations for their fleet fueling needs.
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“The agreement with Clean Energy will help us continue to support
and grow the local CNG infrastructure in our region,” said Craig
Adams, president and CEO of PECO.
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Transit:
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Foothill Transit Awards Clean Energy Multi-year Operations,
Maintenance and Fueling Contract Renewal for its Two CNG Facilities
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Longtime Clean Energy customer Foothill
Transit of West Covina, Calif., operates a fleet of 335
compressed natural gas vehicles.
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This fleet consumes approximately five million GGEs of CNG per
year at its two fueling facilities which represents a greenhouse
gas emission reduction of approximately 10,535 metric tons, the
equivalent of removing 2,175 passenger cars from the road each
year.
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Clean Energy, in partnership with Foothill Transit, operates and
manages two separate public access stations serving the
communities of Arcadia and Pomona.
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“Converting our fleet to alternative fuels has been a top priority
for Foothill Transit. Our 10-year plan is now complete and our CNG
fleet makes cleaner air for everyone a breathable reality,” said
Doran Barnes, executive director of Foothill Transit.
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Regional Transportation Commission of Southern Nevada Orders
Additional Vehicles as it Continues Transitioning Its Fleet to
Natural Gas
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Regional
Transportation Commission (RTC) ordered 80 new Ford E-450 CNG
passenger-lift-equipped vehicles that will be deployed in 2014 for
the RTC's ADA Paratransit service.
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These Paratransit vehicles are forecasted to consume approximately
800,000 GGEs of CNG per year once fully deployed. This represents
a greenhouse gas reduction of approximately 1,686 metric tons per
year, the equivalent of taking 348 cars off the road each year.
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Clean Energy operates and maintains the two RTC-owned private
fueling stations that support the CNG fleet.
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Clean Energy is Awarded Contract to Design, Build and Operate
New Private CNG Fueling Station for City of Norwalk, Calif.,
Transit System
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Norwalk
Transit System (NTS) is transitioning its fleet of 30 vehicles
to CNG; with nearly half of their vehicles currently powered by
the cleaner-burning fuel.
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To maintain NTS’ growing fleet of compressed natural gas vehicles,
Clean Energy will also modify the fleet’s maintenance facility to
be code-compliant for natural gas vehicle maintenance.
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The current fleet of 14 NGVs is forecasted to consume
approximately 150,000 GGEs of CNG per year, which would reduce
greenhouse gas emissions by approximately 316 metric tons, the
equivalent of removing 65 cars from the road each year. This
volume is expected to double once the fleet is fully-deployed.
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“Cities across America are making the switch to natural gas to fuel
their fleets because it is fiscally responsible and better for the
air we breathe. Norwalk grasped the potential of CNG fuel early on
and we’re happy to be working with Clean Energy to continue our
fleet’s transition to this economical and cleaner-burning fuel,”
said James Parker, director of transportation, City of Norwalk.
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Morongo Basin Transit Authority Awards Clean Energy CNG
Facility Maintenance Contract for Growing Fleet
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Serving ten communities, including Joshua Tree, Twentynine Palms,
Yucca Valley, Morongo Valley and Landers, Calif. the Morongo
Basin Transit Authority (MBTA) operates a growing fleet of 28
compressed natural gas vehicles which fuel at MBTA’s private CNG
fueling station.
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Converting to an all CNG-powered fleet makes fiscal sense, even
for a small agency like MBTA. The agency estimates it saves over
$300,000 a year over what it would cost if the fleet was still
powered by gas and diesel.
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This growing fleet consumes approximately 120,000 GGEs of CNG per
year, which represents a greenhouse gas reduction of approximately
253 metric tons.
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“Environmental stewardship is a key priority for MBTA, which is why
our entire fleet is powered by CNG. We are proud to do our part in
keeping the desert skies clear for citizens of the Morongo Basin to
enjoy for years to come,” said Joe Meer, general manager at MBTA.
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Natural
gas fuel costs up to $1.50 less per gallon than gasoline or diesel,
depending on local market conditions. The use of natural gas fuel not
only reduces operating costs for vehicles, but also reduces greenhouse
gas emissions up to 30% in light-duty vehicles and 23% in medium to
heavy-duty vehicles. In addition, nearly all natural gas consumed in
North America is produced domestically.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the largest provider of
natural gas fuel for transportation in North America. We build and
operate compressed natural gas (CNG) and liquefied natural gas (LNG)
fueling stations; manufacture CNG and LNG equipment and technologies for
ourselves and other companies; develop renewable natural gas (RNG)
production facilities; and deliver more CNG, LNG and Redeem RNG fuel
than any other company in the U.S. For more information, visit www.cleanenergyfuels.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 that involve risks, uncertainties and
assumptions, including statements about the amounts of natural gas fuel
expected to be consumed by Epes, Foothill Transit, RTC, NTS and MBTA,
respectively and the benefits of natural gas as compared to gasoline and
diesel. Actual results and the timing of events could differ materially
from those anticipated in these forward-looking statements as a result
of several factors. The forward-looking statements made herein speak
only as of the date of this press release and, unless otherwise required
by law, the Company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances. Additionally, the reports and other documents the Company
files with the SEC (available at www.sec.gov)
contain risk factors, which may cause actual results to differ
materially from the forward-looking statements contained in this news
release.
Copyright Business Wire 2014