Clean Energy Launches Finance Subsidiary for NGV Fleets
Seal Beach, California (January 4, 2006) - Clean Energy has formed a new finance subsidiary, Clean Energy Finance, LLC.
"Our new finance unit will help customers get all the assistance they need to develop their natural gas vehicle (NGV) fleets," said Andrew J. Littlefair, Clean Energy President & CEO. "Natural gas vehicles work well and are becoming an increasingly important contributor to our nation's balanced energy picture."
The primary goal of CE Finance is to expand the market for NGVs by offering financing for vehicles, fueling facilities and long-term fuel contracts that are customized to each customer's transportation needs.
CE Finance can help customers acquire natural gas-powered heavy duty and medium-duty trucks, transit buses, refuse vehicles, shuttle vans, and taxis with competitive terms. Finance programs are individually configured to take advantage of grants, tax rebates and new federal clean-air financial incentives.
Clean Energy is the largest provider of vehicular natural gas (CNG and LNG) and related services in North America. It has a broad customer base in the refuse, transit, shuttle, taxi, police, intrastate and interstate trucking, airport and municipal fleet markets with tens of thousands of vehicles fueling at more than 165 strategic locations in the United States and Canada. The company operates a fleet of 33 LNG tankers carrying fuel interstate to more than 30 vehicle fleet and industrial customers. Clean Energy is a private company whose major shareholders include Boone Pickens, Westport Innovations Inc. (TSE: WPT) and Perseus 2000 LLC.
Contact:
Peter Grace , 562-493-2804
pgrace@cleanenergyfuels.com
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