Clean Energy Fuels : Jacksonville Transportation Authority Awards Clean Energy $8.1 Million Deal; Additional Fueling Agreements with Clean Energy Announced
December 16, 2014 at 06:01 am EST
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Clean
Energy Fuels Corp., (NASDAQ: CLNE)
today announced it will design, build and operate a compressed natural
gas (CNG) fueling station for the Jacksonville Transportation Authority
(JTA). The deal, valued at $8.1 million, will also include facility
modifications to accommodate the conversion of JTA’s buses from diesel
to CNG. Clean Energy also reported 5,510 additional natural gas vehicles
began fueling throughout Clean Energy’s nationwide network year-to-date
in 2014 which is a 23% increase in vehicles fueling compared to the same
period in 2013. Additional agreements representative of Clean Energy’s
growing portfolio of natural gas fueling customers were also announced.
Transit
Jacksonville Transportation Authority Awards Clean Energy
Multi-year $8.1 Million Station Design, Construction and Fueling
Deal
To support JTA’s fleet conversion to cleaner-burning natural
gas buses, Clean Energy will design, build and maintain a
CNG station to support JTA’s conversion of 100 buses from diesel
to CNG. Construction is scheduled to be completed in late 2015.
Once fully-deployed, this fleet is forecasted to consume
approximately 1 million DGEs of CNG annually which represents a
greenhouse gas reduction of approximately 2,318 metric tons.
JTA anticipates saving approximately $5.7 million over the life
of the agreement by switching to natural gas fuel.
The facility located at 100 N Myrtle Ave, Jacksonville, FL, will
be publicly accessible for local fleets.
Clean Energy’s Facility Modification team has also been tapped
to retrofit JTA’s two maintenance facilities to accommodate the
new CNG fleet.
“The CNG fueling facility is a “win-win-win” for the Authority and
the Jacksonville community,” said JTA Chief Executive Officer
Nathaniel P. Ford Sr. “We will reduce costs, improve the environment
and create opportunities for other fleets to reap the benefits of
CNG.”
MBTA fuels its fleet of 28 CNG vehicles at MBTA’s two private
CNG fueling stations.
Trucking
UPS Continues Deployment of Largest Liquefied Natural Gas (LNG)
Fleet in North America
Clean Energy opened its Houston Flying J natural gas station to
fuel 10 heavy-duty
LNG trucks. The station is located at 15919 North Freeway,
Houston, TX.
These tractors are expected to consume approximately 240,000
DGEs of LNG annually under a previously-announced
bulk fueling agreement.
Kroger’s Fred Meyer Stores’ New Natural Gas Fleet Expected to
Consume 1 Million Gallons of LNG Annually Supplied by Clean Energy
The first 11 natural gas trucks in Fred Meyer’s fleet of 40 recently
hit the road in Oregon.
As previously announced, Clean Energy constructed the private
LNG station where this fleet will fuel. Clean Energy also
performed the necessary modifications required to bring Fred
Meyer’s vehicle maintenance facilities into code-compliance for
natural gas trucks.
Kenan Advantage Group (KAG) Begins Hauling Clean Energy Natural
Gas with natural gas trucks in Boron, Calif.
KAG commenced hauling LNG from Clean Energy’s Boron, Calif.,
plant using 13 LNG-fueled trucks to Clean Energy’s fueling
stations and other customers. The trucks are part of the
additional heavy-duty LNG truck deployment KAG previously
announced.
Norbert Dentressangle to Deploy Seven CNG Trucks
Des Moines, IA., based third-party logistics company Norbert
Dentressangle to deploy its first seven CNG tractors
which will haul and fuel throughout Clean Energy’s public
station network in Illinois.
Additional Public Truck-friendly Stations Recently Opened
Albany, Ga., opened
for Raven Transport
Charlotte, N.C., opened
for G & P Trucking
Carlisle, Pa., opened
for GIANT/MARTIN’S
West Sacramento, Calif., opened
for Chavez Trucking
Midland, Texas, opened
for Dillon Transport
The Following Fleets Began Testing with Clean Energy
Water Recovery, LLC, of Jacksonville, Fla., began fueling
heavy-duty LNG trucks at Clean Energy’s Jacksonville public
station.
NorCal Beverage of West Sacramento, Calif., began fueling
heavy-duty LNG trucks at Clean Energy’s West Sacramento public
station.
Vend Catering Supply of La Mirada, Calif., expanded its natural
gas fleet with additional heavy-duty CNG trucks fueling at Clean
Energy’s public station network in California.
Sheehy Mail Contractors, Inc., of Waterloo, Wis., to expand its
heavy natural gas truck fleet by adding 4 CNG tractors, which
will fuel at Clean Energy’s public station network in New Mexico
and Arizona.
Network
Highlights of Clean Energy’s Infrastructure Development in 2014
Clean Energy will expand the network of stations that it owns,
operates or supplies to over 535 in 42 states in 2014. Clean
Energy will have constructed more CNG fast-fill, CNG time-fill,
LNG and CNG/LNG stations than any other company in the country.
These include:
69 stations that were constructed and completed during the
year, including 18 projects where additional compression
capacity was added due to increased demand.
A net increase of 74 stations were opened, 25 of which can
accommodate heavy-duty trucks.
The City of Kansas City, MO, opened its public natural gas
station on Dec. 15, 2014 located at 5300 Municipal Ave., to fuel
its fleet of more than 265 light-, medium-, and heavy-duty NGVs
with the expectation that this NGV fleet will grow to more than
400. As
previously-announced, this fleet is forecasted to consume
approximately 1 million GGEs of CNG annually.
Since Clean Energy’s investment
in NG Advantage to bring the benefits of natural gas fuel to
large industrial and institutional energy users beyond the
nation’s natural gas pipeline, more than 1.5 million GGEs of CNG
have been supplied to NG Advantage customers. By switching from
fuel oil to natural gas, NG Advantage customers have reduced
Carbon Dioxide (CO2) emissions by approximately 3,621 metric
tons while reducing fuel costs by nearly 40 percent. NG
Advantage continues to add customers such as New England-based
Hard Drives LLC which is the 7th aggregate
materials/paving customer to make the switch to natural gas.
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.
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.
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 number of
vehicles expected to be deployed and the amount of natural gas fuel
expected to be consumed by JTA, UPS, Fred Meyer Stores and the City of
Kansas City, MO, respectively, the benefits of natural gas relative to
gasoline and diesel and completion of the JTA CNG station. 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 Fuels Corp. is a provider of clean fuel for the transportation market. The Company is a renewable energy company focused on the procurement and distribution of renewable natural gas (RNG) and conventional natural gas, in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), for the United States and Canadian transportation markets. It sells RNG and conventional natural gas, in the form of CNG and LNG, as fuel for medium and heavy-duty vehicles. It is focused on developing, owning, and operating dairy and other livestock waste RNG projects and supplying RNG (procured from third party sources and from its anaerobic digester gas (ADG) RNG joint venture project with TotalEnergies S.E. (the DR JV)) to its customers in the heavy and medium-duty commercial transportation sectors. It also designs and builds, as well as operates and maintains (O&M), public and private vehicle fueling stations in the United States and Canada. It serves fleet vehicle operators.
Clean Energy Fuels : Jacksonville Transportation Authority Awards Clean Energy $8.1 Million Deal; Additional Fueling Agreements with Clean Energy Announced