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The Company is on Track to Complete 68 Station Projects in 2015
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Clean
Energy Fuels Corp. (NASDAQ: CLNE) participated in a little history
last month when it supported General Dynamics (GD) NASSCO's launch of
the Isla Bella container ship, the first of its kind to operate on LNG
fuel. Clean Energy provided bunkering services and fuel from its Boron,
CA liquefaction plant for the GD NASSCO-built cargo ship, which was
delivered to TOTE Maritime in San Diego. Clean Energy will also be
providing bunkering services next month to the second GD NASSCO-built
ship, the Perla Del Caribe.
'As the maritime industry begins its transition to LNG, Clean Energy is
able to bring our many years of fueling services to ensure an easy and
seamless transition,' said Andrew J. Littlefair, president and CEO of
Clean Energy. 'We applaud NASSCO and TOTE as world leaders in the
introduction of the clean fuel to the commercial shipping industry. The
use of natural gas is continuing to expand across the various
transportation sectors and is the best choice economically and
environmentally.'
By using natural gas, these TOTE vessels will be the cleanest
cargo-carrying ships in the world and equivalent to removing 15,700
vehicles from the road.
Clean Energy signed additional agreements across transportation market
segments of transit,
refuse
and trucking
and is on track to complete 68 station projects before the end of the
calendar year. These include new CNG and LNG stations as well as
expansion and upgrades of existing stations. This is a comparable number
to previous years when oil prices were significantly higher
demonstrating the viability of natural gas as a competitive fuel in all
market environments due to its price stability and cleaner profile.
Below are new fueling agreements and projects completed over the last
few months.
Transit
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Clean Energy completed a $6 million private compressed natural gas
(CNG) fueling
facility for the Los Angeles County Metropolitan Transportation
Authority at its brand new Division 13 facility. Clean Energy is also
contracted to maintain the facility for 10 years, making Clean Energy
the sole contracted maintenance provider for LA Metro's 11 private CNG
fueling stations. The new facility will fuel approximately 175 buses
that are expected to consume a total of 2 million GGEs of CNG annually.
-
Clean Energy completed and opened a private CNG fueling facility to
fuel up to 100 CNG buses owned by the City of Los Angeles and operated
by Transdev. The station is owned, operated and maintained by Clean
Energy and will provide an estimated 500,000 GGEs per year.
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Clean Energy has signed a four-year maintenance
agreement with Union Gas Limited, a major gas utility in Ontario,
Canada, to support a new station built for the City of Hamilton's
transit system (Hamilton Street Railway). This new station is
anticipated to dispense an average of 2,800,000 gasoline liter
equivalents or 750,000 gasoline gallon equivalents of CNG annually
during the agreement term. The City plans to increase its fleet to
over 120 CNG buses over the next 5 years. The agreement is the latest
in Clean Energy's rapidly expanding portfolio of Canadian transit
agencies which include BC
Transit in British Columbia, Translink in Vancouver, BC, and the
City of Medicine Hat, Alberta.
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METRO Regional Transit Authority in Akron, Ohio has awarded Clean
Energy a five-year contract to support their new CNG transit and
public access fueling stations. The contract will extend the
partnership between METRO and Clean Energy and will include support to
a fleet of 100 CNG buses and paratransit vehicles. Clean Energy will
also market the public access station to other customers, which is
expected to be open in May 2016.
-
Quad Cities MetroLINK, which services the Illinois side of the Quad
Cities metro area, has awarded Clean Energy a two-year maintenance
contract to support their fleet of 44 CNG transit buses, which are
expected to consume approximately 550,000 DGEs of CNG annually.
-
Clean Energy has been awarded a maintenance agreement with Transdev
for their services with Gwinnett County Transit in Gwinnett County,
GA. The agreement will support Gwinnett's fleet of 25 buses consuming
approximately 300,000 DGEs annually.
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First Student, a division of First Group America, will begin fueling
33 CNG buses at Clean Energy's public CNG fueling facility at the Palm
Springs International Airport. First Student is expected to utilize up
to 90,000 DGEs per year.
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Burbank, California's Bob Hope Airport has awarded an airport shuttle
contract to MV Transportation which will fuel 13 CNG buses at Clean
Energy's public CNG fueling facility near the airport. The buses will
consume nearly 80,000 GGEs annually.
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The Port of Seattle has renewed their maintenance contract with Clean
Energy for their Sea-Tac Bus operations estimated to use approximately
450,000 GGEs per year.
-
Clean Energy also signed a public fueling agreement with Better 4 You
Meals, a school-meal vendor service in the Los Angeles area that is
expected to consume approximately 100,000 GGEs per year.
Trucking
-
Frito-Lay has renewed their agreement with Clean Energy to support
their 200-plus CNG tractor fleet across Arizona, California, Nevada,
Ohio, Indiana and Texas. The new contract is expected to significantly
increase the fuel volume consumed each year.
-
Matheson Trucking is adding 17 CNG trucks to their fleet and will fuel
with Clean Energy at the Republic Services station in Boise, ID, until
new stations are built in Boise and Salt Lake City, where Matheson
will be the anchor tenant. Matheson is expected to consume
approximately 400,000 DGEs annually during this multi-year agreement.
-
Seaboard
Transport
will begin fueling 20 CNG trucks at a recently opened
CNG station designed and equipped by Clean Energy. Each year the
Kansas City, KS station will provide 500,000 DGEs of CNG to the
largest Midwest Shipping company.
Refuse
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In October, All American Waste and Clean Energy held a joint
ribbon-cutting for a new station in New Haven, CT. This is the second
station in Connecticut Clean Energy has built to provide services to
the Connecticut's largest refuse company and estimates All American to
consume approximately 500,000 DGEs per year.
-
The City of Chesapeake, VA has contracted with Clean Energy to design,
build and operate a public access CNG station for use by their refuse
fleet. The city is currently using 35 CNG refuse trucks with plans to
expand over the next two years to 53, which are anticipated to use an
estimated 350,000 DGEs per year.
-
The City of Spokane, WA signed a 5-year maintenance agreement for
their recently opened station designed and equipped by Clean Energy.
The City will use an estimated 200,000 GGEs per year and has plans to
significantly increase their CNG vehicle fleet.
-
Salt Lake County Sanitation has opened a new station designed and
built by Clean Energy that will service 25 trucks for its refuse
program. The fleet has 10 more trucks on order and will eventually
grow the fleet to 50+ vehicles that will consume an estimated 400,000
DGEs per year. Clean Energy also has the maintenance contract for the
station and has deployed for the first time its Clean Energy Fuels
Fleet Management System. This system, designed for time-fill fleets,
allows for the remote measurement of fuel usage in individual trucks,
giving fleet managers more information to effectively manage their
fleet and fueling operations.
-
South San Francisco Scavenger has signed a new 10-year maintenance
agreement with Clean Energy for their biogas CNG station. The station
fuels 22 trucks and Scavenger plans to grow the fleet to more than 40
over the next three years.
-
Republic Services continues to expand its already significant
partnership with Clean Energy with an upgraded contract to fuel an
additional 25 trucks at their Huntington Beach, CA facility as well as
an agreement to build a new station in Daly City, CA. The Daly City
station will support as many as 21 trucks when it first opens.
Natural gas fuel costs up to $1.00 less than gasoline or diesel,
depending on local market conditions. The use of natural gas fuel 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 in North America.
About Clean Energy
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the leading 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 without limitation statements about numbers of
vehicles expected to be deployed, amounts of natural gas fuel expected
to be consumed, and the benefits of natural gas relative 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, including, without limitation, the price of natural
gas relative to gasoline and diesel, the cost and operating experience
associated with natural gas vehicles, and permitting and other factors
affecting construction. 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.
View source version on businesswire.com : http://www.businesswire.com/news/home/20151103005557/en/
Clean Energy Media:
Jason Johnston, 949-437-1411
[email protected]
or
Clean
Energy Investor:Tony Kritzer, 949-437-1403
[email protected]
Source: Clean Energy Fuels Corp.
News Provided by Acquire Media
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