This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Covanta Energy And Clean Energy Partner To Build Natural Gas Stations At Covanta Facilities

Covanta Energy Corporation (NYSE: CVA), a world leader in sustainable waste management and renewable energy, and Clean Energy Fuels Corp. (Nasdaq: CLNE), North America’s largest provider of natural gas for transportation, today announced an agreement to co-develop compressed natural gas (CNG) stations at select Covanta facilities throughout the U.S.

Covanta Energy operates over 40 state-of-the-art facilities that convert everyday trash into clean, renewable energy. The company also operates an additional 13 solid waste transfer stations. The two companies will work together to identify Covanta sites on which to construct CNG stations. Each station will provide compressed natural gas for a minimum of 30 refuse trucks a day and depending on the location, will be accessible to the public for CNG fueling.

“Covanta Energy is pleased to partner with Clean Energy and help in the conversion of refuse trucks to cleaner, more efficient technologies like natural gas powered vehicles,” said Joey Neuhoff, Covanta Energy vice president of business development. “The new CNG stations will complement our operations, as we are committed to limiting impacts to the environment and our communities and providing the cleanest, most reliable source of energy from waste in the world.”

The first Clean Energy CNG station at a Covanta facility will open at the Essex County Resource Recovery Facility in Newark, N.J. later this month. The station will provide cleaner, cost-efficient, domestic CNG fuel for the growing numbers of CNG refuse trucks that serve communities and businesses throughout the Northern New Jersey and New York City area. The Covanta Energy-from-Waste facility in Newark processes approximately 2,800 tons of municipal and commercial solid waste per day into approximately 65 megawatts of clean, renewable electricity — enough to power approximately 45,000 homes.

“For years, Covanta has been an innovative leader in providing clean, renewable energy to the communities they serve,” said Raymond P. Burke, Clean Energy’s Vice President for Solid Waste. “Clean Energy is honored to carry on that tradition with Covanta by supplying cleaner-burning, domestic natural gas to the fleets that use their facilities.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs