Clean Energy expects to supply approximately 2.4 million DGEs of LNG and
open four stations
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Clean
Energy Fuels Corp., (NASDAQ: CLNE)
today announced longtime customer Raven Transport is expanding its
clean-burning natural gas fleet with 115 Peterbilt
Model 579s, equipped with sleepers and powered by liquefied natural gas
(LNG) to haul goods for a leading consumer packaged goods company. Clean
Energy will support this fleet by opening truck-friendly natural gas
fueling stations in Atlanta, Ga., Birmingham, Ala., Pearl, Miss., and
Theodore, Ala. The fleet will also fuel at Clean Energy's existing
Albany, Ga., Charlotte, N.C., Jacksonville, Fla., Houston Baytown,
Texas, Latta, S.C., and Valdosta, Ga., stations. Mobile LNG fueling
units will also be deployed in Eden, N.C., Newnan, Ga., Ocala, Fla., and
Pineville, La., to enable LNG refueling throughout the Southeast.
From left: T. Boone Pickens, Founder, BP Capital; Stephen Silverman, Chief Operating Officer, Raven Transport; W.M. "Rusty" Rush, CEO and President, Rush Enterprises, observing the new Raven LNG trucks at the Peterbilt Motors assembly plant in Denton, Texas. (Photo: Business Wire)
"Raven is rising to the challenge to move our customers' goods with
clean-burning fuel. Industry-leading shippers continue to set the
standard in sustainable logistics, and today's announcement enables
Raven to accommodate these high standards," said Stephen Silverman,
chief operating officer for Raven Transport.
Raven purchased its expanded natural gas truck fleet from Rush Truck
Center - Jacksonville, Fla., part of the largest network of commercial
vehicle dealerships in the United States, which is owned and operated by
Rush Enterprises (NASDAQ: RUSHA
and RUSHB). Custom Vehicle Solutions, another Rush Enterprises
company, then completed the installation of Chart LNG fuel systems
purchased through Clean Energy's tank pricing program. The fleet will
operate on irregular routes originating from production plants and
distribution centers in the Southeast and is forecasted to consume
approximately 2.4 million additional DGEs of LNG annually.
Natural
gas fuel costs up to $1.00 less per gallon than gasoline or diesel,
depending on local market conditions. The use of natural gas fuel not
only reduces operating costs for vehicles, but also reduces greenhouse
gas emissions up to 30% in light-duty vehicles and 23% in medium to
heavy-duty vehicles. In addition, nearly all natural gas consumed in
North America is produced domestically.
Additional Quotes
"The natural gas fueling ecology continues to strengthen as America's
largest shippers and their logistics companies transition to natural
gas. As these four stations open and join our existing infrastructure it
becomes increasingly feasible for fleets hauling in the Southeast and
beyond to make the switch to natural gas," said Chad Lindholm, vice
president of Clean Energy.
"We're proud to provide Raven Transport with our aerodynamic Model 579s
powered by LNG, the newest addition to our industry-leading portfolio of
natural gas vehicles," said Robert Woodall, Peterbilt Assistant General
Manager, Sales and Marketing. "Peterbilt continues to partner with
environmental and alternative fuel leaders as we develop advanced
vehicle technologies and solutions to meet their full range of needs."
Rush Enterprises is pleased to support Raven Transport, leaders in the
alternative fuel space," said W.M. "Rusty" Rush, Chairman, CEO and
President of Rush Enterprises. "With this informed and progressive
choice, Raven Transport will continue to drive adoption of alternative
fuels, impacting the entire transportation industry," he said. "Rush
Truck Centers has made significant investments to support alternative
fuel vehicles with dedicated natural gas bays and certified technicians
across the country, allowing us to continue to support Raven Transport
with their service needs," Rush added.
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.
About Custom Vehicle Solutions
Powered by precision engineering, a can-do attitude and a foundation of
trucking industry experience, Custom Vehicle Solutions is a one-stop
shop for commercial vehicle engineering, customization and installation
services. Our state-of-the-art facilities in Texas and knowledgeable
staff of craftsmen, engineers and designers are more than prepared to
meet virtually any customization goal. CVS offers an impressive range of
services - from thorough PDIs to installing APUs on an entire fleet to
designing and engineering a one-of-a-kind truck frame. For more
information, please visit cvsolutions.com.
About Rush Enterprises, Inc.
Rush Enterprises is the premier service provider to the commercial
vehicle industry and owns and operates the largest network of commercial
vehicle dealerships in the United States, representing truck and bus
manufacturers, including Peterbilt, International, Hino, Isuzu, Ford, IC
Bus and Blue Bird. The Company's vehicle centers are strategically
located in high traffic areas on or near major highways throughout the
United States. These one-stop centers offer an integrated approach to
meeting customer needs - from sales of new and used vehicles to
aftermarket parts, service and body shop operations plus a wide array of
financial services, including financing, insurance, leasing and rental.
Rush Enterprises' operations also provide vehicle up-fitting, chrome
accessories and tires. For more information, please visit www.rushenterprises.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 amount of
natural gas fuel expected to be consumed by the Raven Transport trucks,
the benefits of natural gas relative to gasoline and diesel, the opening
of truck-friendly fueling stations and the deployment of mobile LNG
fueling units. 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 permitting and other
factors affecting construction. 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150331005305/en/
Clean Energy Media Contact:
Patric Rayburn, 949-437-1411
patric.rayburn@cleanenergyfuels.com
or
Clean
Energy Investor Contact:
Tony Kritzer, 949-437-1403
tkritzer@cleanenergyfuels.com
or
Rush
Enterprises Media Contact:
Karen Konecny, 830-626-5102
konecnyk@rushenterprises.com
Source: Clean Energy Fuels Corp.
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