Clean Energy Launches Zero Now Financing to Put Fleets in Clean New Natural Gas Trucks for the Price of a Diesel Truck
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(Graphic: Business Wire)
Never before have private carriers, for-hire carriers, and shippers
enjoyed the benefits of moving
their goods in trucks that can substantially reduce their emissions
for the price of a diesel truck. And if the trucks qualify for grants
that are offered in states around the country, the cost could be
considerably less than a diesel truck. The new natural gas trucks will
take to highways equipped with a Cummins Westport ISX12N
engine that has been certified by California Air Resources Board and
“The Zero Now Financing program levels the financial playing field by
removing the price differential of a natural gas truck versus a diesel
truck. This combination will give fleets a considerable sustainability
advantage, which could result in winning more business,” said Andrew J.
Littlefair, president and CEO,
The program extends to trucks built by a variety of manufacturers, operating on either compressed natural gas (CNG) or liquified natural gas (LNG) and equipped with the new CWI ISX 12N engine. The Zero Now Financing offer will include a five-year engine coverage option on the Cummins Westport ISX12.
This press 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, including statements about, among other things: the potential impact of the Zero Now Financing program on the volume and rate of adoption by fleets and other consumers of natural gas as a vehicle fuel and on Clean Energy’s business and performance; and the benefits of natural gas as an alternative vehicle fuel, including economic and environmental benefits.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual achievements, performance or other events to be materially different from any future achievements, performance or other events expressed or implied by the forward-looking statements. Factors that might cause or contribute to such differences include, among others: acceptance by truck operators of the Zero Now Financing program; future supply, demand, use and prices of crude oil, gasoline, diesel, natural gas, other vehicle fuels, and heavy-duty trucks and other vehicles and engines powered by these fuels, including overall levels of and volatility in these factors; the willingness of fleets and other consumers to adopt natural gas as a vehicle fuel, and the rate of any such adoption; Clean Energy’s ability to capture a substantial share of the market for alternative vehicle fuels and vehicle fuels generally and otherwise compete successfully in these markets; Clean Energy’s ability to accurately predict natural gas vehicle fuel demand in the geographic and customer markets in which it operates and effectively calibrate its strategies, timing and levels of investments to be consistent with this demand; Clean Energy’s ability to recognize the anticipated benefits of its natural gas fueling station network; Clean Energy’s ability to manage and grow its RNG business; changes to federal, state or local greenhouse gas emissions regulations or other environmental regulations applicable to natural gas production, transportation or use; and general political, regulatory, economic, market and other conditions.
As a result of these and other potential risks and uncertainties, the
forward-looking statements made in this press release should not be
relied on or viewed as predictions of future events. All forward-looking
statements in this press release are made only as of the date of this
press release and, except as required by law,
Clean Energy Contact:
Raleigh Gerber, 949-437-1397