Clean Energy Secures Contract to Provide LNG to Hawaii Gas; Signs Additional Agreements in Trucking, Transit and Refuse Markets

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NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Clean Energy Fuels Corp., (NASDAQ: CLNE) announced that it has secured a contract to provide Liquefied Natural Gas (LNG) to Hawaii Gas, the State of Hawaii’s only franchised gas utility. The agreement is consistent with the state’s intent to reduce its reliance on imported crude oil, using a cleaner and more economical fuel.

“Hawaii Gas has been serving the state for over a hundred years and is committed to providing our customers with quality and reliable gas service,” said Thomas Young, Hawaii Gas’s Executive Vice President and Chief Operating Officer. “With Clean Energy LNG, we will be able to diversify our gas supply using a clean fuel improving our reliability and maintaining the quality of service our customers know us for.”

Clean Energy has also signed additional agreements throughout the United States representing their growing portfolio of natural gas fueling.

Transit

  • Clean Energy announced that it has extended its liquefied natural gas (LNG) supply agreement with the City of Phoenix. The two-year contract extension is for an estimated 5 million gasoline gallon equivalents (GGEs) per year and is valued at over $10 million. Clean Energy has supplied the City with LNG for over a decade.

    “The City of Phoenix recognizes what Clean Energy brings to the table,” said Transit Director, Maria Hyatt. “We are committed to ensuring we provide a clean, affordable transportation solution to our riders and feel confident Clean Energy will help us meet that goal.”
  • Corpus Christi Regional Transit Authority (CCRTA) has renewed a three year operations & maintenance contract with Clean Energy representing approximately 3 million gasoline gallon equivalents (GGEs) over the three year term of the contract. With the help of Clean Energy, CCRTA now becomes the second transit agency in the nation to achieve its Disadvantaged Business Enterprise (DBE) goal.

Trucking

  • Fred Meyer Stores, a division of The Kroger Co. (NYSE: KR) has announced an agreement with Clean Energy calling for up to 500,000 gallons of Redeem™ renewable natural gas (RNG) fuel, for their fleet of 40 LNG trucks based out of their Clackamas, Oregon distribution center. Fred Meyer is the first company in the State of Oregon to take advantage of the Oregon Clean Fuel Program, which calls for the reduction of greenhouse gas (GHG) emissions through the use of cleaner fuels such as natural gas and renewable natural gas. By fueling with Redeem™, Fred Meyer is expected to reduce their GHG emissions by 5,328 metric tons annually.
  • Clean Energy announced that fueling has begun at a new public station in North Platte, Nebraska, which will service vehicles from KALM Transportation, UPS and Schmidt Liquid Transportation. The station, partially funded with a grant from the Nebraska Environmental Trust Fund and in collaboration with STIRK CNG, a regional compressed natural gas (CNG) provider, will offer both LNG and CNG to fleets in the Midwest.
  • Clean Energy began providing fueling solutions at the Pilot Flying J station in West Memphis, Arkansas, furthering its partnership with the largest operator of travel centers and travel plazas in North America. The station will support Raven Transportation’s fleet of LNG trucks at an estimated 11,000 GGEs per month.
  • Clean Energy has announced fueling has begun at an Exxon public access station in Allentown, Pennsylvania, which serves the northeast extension of the Pennsylvania Turnpike System. The station will service CNG trucks from MACK’s Lehigh Valley Operations as well as the Lehigh Valley Health Network.
  • In addition to opening these stations for the trucking market, Clean Energy has added Blackburn Trucking, Waxie Sanitary Supply, Western Dairy, Emerald Brand (a unit of the Paradigm Group) and KALM Energy as new fueling customers. Orchard Supply Hardware has also expanded the number of CNG trucks it’s fueling with Clean Energy.

Refuse

  • Clean Energy announced that Republic Services, an industry leader in U.S. recycling and non-hazardous solid waste, will be switching its California based fleet to Redeem™ Renewable Natural Gas. The agreement calls for as much as 300,000 GGEs per year and will fuel close to 230 refuse trucks throughout the state.
  • Republic Services also announced the opening of a station designed and built by Clean Energy in Wilsonville, Oregon, to support the addition of 16 CNG solid waste collection trucks to its fleet serving customers throughout the greater Portland area. The CNG trucks replace older diesel-powered trucks, and bring the total number of natural gas vehicles operated by Republic Services in Oregon to 35.
  • Peoria Disposal Company® (PDC) has extended a five year agreement with Clean Energy for the operation & maintenance of its station located in Peoria, Illinois, which represents approximately 230,000 GGEs per year. Clean Energy designed and built the station for PDC which provides hazardous waste disposal to clients in 11 states throughout the Midwest.

Natural gas fuel costs less than gasoline or diesel, depending on local market conditions. The use of natural gas fuel also reduces greenhouse gas emissions up to 21 percent and up to 90 percent with the use of renewable natural gas. In addition, nearly all natural gas consumed in North America is produced in North America.

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 CNG and LNG fueling stations; manufacture CNG and LNG equipment and technologies; develop RNG production facilities; and deliver more CNG and LNG fuel than any other company in the U.S. Clean Energy also sells Redeem™ RNG fuel and believes it is the cleanest transportation fuel commercially available, reducing greenhouse gas emissions by up to 90%. For more information, visit 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, including without limitation statements about numbers of vehicles expected to be deployed, amounts of natural gas fuel expected to be consumed, and the benefits of natural gas relative to gasoline and diesel. 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 vehicles, 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.

Clean Energy Media Contact:
Jason Johnston, 949-437-1411
jason.johnston@cleanenergyfuels.com
or
Clean Energy Investor Contact:
Tony Kritzer, 949-437-1403
tkritzer@cleanenergyfuels.com

Source: Clean Energy Fuels Corp.

Released May 2, 2016