Deal Comes as European Cities Address Growing Crisis Created by
MADRID & NEWPORT BEACH, Calif.--(BUSINESS WIRE)--
Energy Fuels Corp. (Nasdaq: CLNE) announced today that its
Compression unit has signed an agreement with Seranco, S.A. for 16 Clean
2.0 300HP compressors at three Empresa Municipal de Madrid (EMT) fueling
facilities throughout the city.
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Currently EMT operates approximately 2000 buses which includes 500 that
are fueled with CNG.
Last month, EMT and the City Council of Madrid approved the purchase of
an additional 200 CNG buses
in 2017, to go along with the purchase of 400 made in 2016. The transit
agency has a goal of making their entire fleet "clean" by 2019. EMT
announced it would continue to purchase CNG buses because they reduce
pollutant emissions by 70 percent in relation to diesel - and complies
with the strictest European emission regulations.
In December, the city of Madrid joined Paris, Athens and Mexico City in
laying out plans to ban diesel from their cities by the year 2025.
Madrid already plans to ban cars from 500 acres of its city center by
"We are proud to perform this project, this will be the first step to
improve the air quality of Madrid City in the next years. We hope many
other cities will join this process increasing their commitment with the
environment," said Santiago Garrido, CEO of Gas & Go.
"Madrid is just one of a number of cities across Europe and around the
world which are taking steps to clean up their air that has become a
significant health issue for its citizens, largely caused by the use of
diesel," said Frank Meyer, president of Clean
Energy Compression. "We are proud to partner with Seranco to expand
EMT's use of their CNG fleet which is one of the best and quickest ways
to address harmful smog."
Clean Energy Compression is a pioneer in oil-free compression in
cylinders and pistons, providing clean gas to the system while
protecting the environment by minimizing the amount of lubricant used
and keeping the storage capacity constant. Besides the robustness and
high reliability of CEC products, the basis of its strength at all
points of coverage, is the great experience in manufacturing and
maintenance of equipment for CNG.
About Clean Energy
Clean Energy Fuels Corp. is the leading provider of natural gas fuel for
transportation in North America. We build and operate CNG and LNG
vehicle fueling stations; manufacture CNG and LNG equipment and
technologies; and deliver more CNG and LNG vehicle 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 70%. For more information, visit www.CleanEnergyFuels.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170724005686/en/
Jason Johnston - Media
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Tony Kritzer - Investors
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Source: Clean Energy Fuels Corp.
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