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.
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.
- 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.
- 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts