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TheStreet Open House

Clean Energy Completes And Opens 27 Stations Year-to-Date; Signs Multiple Additional Fueling And Station Development Agreements

Stocks in this article: CLNE

Clean Energy Fuels Corp. (NASDAQ: CLNE) today announced the completion and opening of 27 natural gas fueling stations in the first half of the year, nine of which are truck-friendly America’s Natural Gas Highway stations. Upgraded equipment and additional compression capacity have also been added to 10 existing stations to keep pace with growing natural gas fuel demand. Additional fueling and station development agreements representative of Clean Energy’s growing portfolio of natural gas fueling customers were also announced.

Trucking

Raven Transport to expand fueling agreement by deploying 33 additional heavy-duty LNG trucks to serve the Southeast

  • To support this growing natural gas fleet, Clean Energy will open its Albany, Ga., public-access LNG station. Raven is currently fueling at Clean Energy’s natural gas fueling stations in Franklin, Ohio; London, Ohio; Walton, Ky.; and Jacksonville, Fla.
  • Once fully deployed, these additional vehicles are forecasted to consume over 700,000 DGEs of LNG annually, and are expected to be on the road in December 2014.

G & P Trucking of Gaston, S.C., schedules deployment of five heavy-duty natural gas trucks

  • This natural gas fleet is expected to double to 10 trucks by the end of 2014.
  • Clean Energy will support this natural gas fleet by opening its Charlotte, N.C., America’s Natural Gas Highway station this month. This station in conjunction with Clean Energy’s Latta, S.C., station bolsters the region’s LNG capability to serve key goods-movements hubs in the Southeast such as the South Carolina Ports Authority.“More of our customers are pursuing natural gas fueling solutions to meet sustainability goals. As Clean Energy continues to open its natural gas highway you can bet our trucks will be fueling on it,” said Clifton Parker, president of G & P Trucking.

Network

Parkway School District in Chesterfield, Mo., purchases compression equipment and signs repair and maintenance agreement

  • Parkway purchased a compressor and two fast-fuel CNG dispensers from Clean Energy’s IMW subsidiary to service the district’s fleet of 30 CNG school buses at its private compressed natural gas station.
  • The station is forecasted to supply approximately 75,000 DGEs of CNG annually.
  • Cost of the CNG station and school buses was offset by a $1.5 million federal highway grant administered by the East-West Gateway Council of Governments.“Using CNG for our buses contributes to the economic and environmental health of the Parkway School District. To ensure CNG will consistently support our transportation mission, we have chosen Clean Energy to maintain our station equipment,” said Scott Bennett, manager of planning & engineering, Parkway School District.

City of Ontario, Calif., signs multi-year repair and maintenance contract

  • Ontario’s natural gas station features both public-access and private fueling facilities. 48 time-fill posts with 96 fueling points fuel the Ontario-Montclair School District’s fleet of school buses and the city’s refuse truck fleet. The private station also includes four fast-fueling points. Two fast-fueling points are available to the public.
  • The station is forecasted to supply approximately 500,000 GGEs of CNG per year. This represents an approximate greenhouse gas emissions reduction of 1,054 metric tons.

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 the number of trucks expected to be deployed and the amount of natural gas fuel expected to be consumed by Raven Transport and G & P Trucking, respectively, the amount of natural gas expected to be supplied by the stations owned by Parkway School District and the City of Ontario, 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 trucks and the operation of the stations owned by Parkway School District and the City of Ontario. 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 2010

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