Clean Energy Opens First LNG Station in Florida and Signs New Multi-year Fueling Agreements
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Clean Energy Fuels Corp. (NASDAQ: CLNE) announced today the opening of the first liquefied natural gas (LNG) fueling station in Florida, as well as the opening of the company’s America’s Natural Gas Highway stations in Pontoon Beach, Ill., and Fontana, Calif., to fuel heavy-duty natural gas trucks. The company also announced select deals in the transit and refuse sectors building on its portfolio of natural gas fuel customers across the country.
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Trucking: |
Clean Energy Opens the First LNG Fueling Station in Florida and its Pontoon Beach, Ill., and Fontana, Calif., Stations, All Part of America’s Natural Gas Highway |
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• Clean Energy opens its public-access Jacksonville LNG fueling station, the first in the State, making Jacksonville a key stop in America’s Natural Gas Highway and the LNG gateway to Southern Florida. |
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• Representatives from United Parcel Service (UPS) and Raven Transport, which will be fueling at the Jacksonville station, will be speaking at a grand opening ceremony later today. |
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| “The opening of the Jacksonville station, the very first LNG station in the State of Florida, is a win for Jacksonville as it represents a greener fueling option and continued economic activity in the important and growing field of natural gas. My administration is committed to supporting innovators like Clean Energy that drive investment and job creation with a 21st Century vision in Jacksonville." | ||
| --The Honorable Alvin Brown, Mayor of Jacksonville, Florida | ||
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Transit: |
Dallas Area Rapid Transit (DART) Plans to Convert Entire Bus Fleet to CNG and Signs Multi-year Agreement with Clean Energy to Maintain DART’s Four CNG Fueling Stations |
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• DART plans to deploy 580 compressed natural gas (CNG) vehicles to support its transportation service for the greater-Dallas-area. Once fully deployed, these vehicles are forecasted to use approximately seven million gasoline-gallon-equivalents (GGEs) per year. |
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• Clean Energy designed and built the four CNG fueling stations for the DART network in 2012. |
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| “DART is one of the largest transit fleets in Texas, operating in 13 cities and covering 700 square miles. By transitioning our entire fleet to CNG and contracting with Clean Energy, we are able to offer our nearly 40 million annual bus customers a more sustainable and cost-efficient transit experience.” | ||
| --Mike Hubbell, vice president of maintenance, Dallas Area Rapid Transit | ||
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Refuse: |
Smithtown, New York, Renews Natural Gas Contract with Clean Energy for Seven More Years |
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• In 2006, Smithtown became the first community on the East Coast to require all residential refuse and recycling contractors to use natural gas powered trucks. As a result, four private collection contractors operating on behalf of Smithtown and the Town’s own municipal vehicle fleet began fueling with Clean Energy. |
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• The 25 compressed natural gas vehicles serving Smithtown are expected to consume approximately 250,000 GGEs of CNG per year. |
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| “In 2006, Smithtown saw the potential of natural gas in a way many other communities were still discovering. Making the switch to natural gas has proven to be a smart investment from both an economic and environmental perspective. We look forward to continuing a very successful relationship with Clean Energy.” | ||
| --Russell K. Barnett, environmental protection director, Smithtown, New York | ||
A VIEW FROM THE TOP:
An insider’s look at what this means for the Alternative Fuel Industry from Clean Energy’s President and CEO, Andrew J. Littlefair:
We’ve begun the year with important expansions in our nationwide network including the opening of the first LNG station in Florida today. Florida has taken several steps to support the adoption of natural gas vehicles and we’re expanding the necessary infrastructure accordingly to support this forward-looking state. Heavy-duty truck fleets have also begun filling up at our Pontoon Beach, Ill., and Fontana, Calif., stations as the heavy-duty trucking segment continues its transition to natural gas across the country. The New Year also saw longtime customers such as DART and the city of Smithtown sign new fueling contracts with Clean Energy, which is a welcome way to kick off 2014.
About Clean Energy Fuels Corp.
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the largest 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; and develop renewable natural gas (RNG) production facilities. 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 statements about the amounts of natural gas fuel expected to be consumed by Smithtown and DART, respectively. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors. 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 Fuels Corp.
Media Contact:
Patric Rayburn
949-437-1411
patric.rayburn@cleanenergyfuels.com
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Investor
Contact:
Tony Kritzer
Director, Investor Relations
949-437-1403
tkritzer@cleanenergyfuels.com
Source: Clean Energy Fuels Corp.
Released January 15, 2014