Clean Energy Is Awarded $3.6 Million MSRC Grant to Help Fund Nine New Natural Gas Fueling Stations in Southern California
SEAL BEACH, Calif., Jul 17, 2008 (BUSINESS WIRE) -- The Mobile Source Air Pollution Reduction Review Committee (MSRC) and the South Coast Air Quality Management District (SCAQMD) recently approved grant awards of $3.6 million to Clean Energy Fuels Corp. (Nasdaq:CLNE) to help defray the cost of expanding the Southern California network of natural gas fueling stations with nine new stations. In addition, SCAQMD announced grant awards totaling $7.7 million to assist a group of Clean Energy's customer companies with the purchase of clean-burning natural-gas powered heavy-duty fleet trucks, full-size buses and taxis.
"These natural gas infrastructure development and vehicle acquisition awards will result in significant air quality benefits as harmful emissions are reduced throughout the South Coast Air Basin," said Andrew Littlefair, Clean Energy President and CEO. "The grants to Clean Energy will help us add nine new LNG and CNG public and private fuel stations to our existing network, in locations stretching from West Los Angeles, Fontana, Norwalk and Burbank to the Port of Long Beach and the Ontario and Palm Springs international airports," he said.
As a service to its clients, Clean Energy's in-house Grants Department provides assistance with identifying, applying for and securing grant funding. Over time, Grants Department efforts have helped secure more than $107 million in funding for Clean Energy and its customers. Included in the recent grant awards, announced at the agency's July 11th board meeting, was an individual award for $5.1 million to a Clean Energy customer to assist in the purchase of a new fleet of 100 LNG Class 8 heavy-duty trucks to transport goods throughout Southern California. This is the largest single SCAQMD Carl Moyer grant ever awarded.
The Carl Moyer Memorial Air Quality Standards Attainment (Carl Moyer) Program is funded each year by the State Legislature and is administered by each local Air Quality Management District in California. The purpose of the program is to reduce diesel emissions statewide by providing grants for the incremental cost of cleaner heavy-duty vehicles and equipment.
Also in this round of funding, awards of grants totaling $2.375 million were made for use by Clean Energy fleet customers for the procurement and deployment of CNG-powered full-size airport buses, refuse trucks and taxis.
Clean Energy (Nasdaq:CLNE) is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at strategic locations across the United States and Canada. Clean Energy del Peru, Clean Energy's Peruvian joint venture, operates the world's largest natural gas vehicle fueling station in Lima, Peru. Information at: 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. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements, including the number of natural gas fueling stations built with the grant proceeds. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE: Clean Energy Fuels
News Media Clean Energy Fuels Christine Thomas, 310-559-4955 x103 cthomas@cleanenergyfuels.com or Investors Ina McGuinness, 310-954-1100
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