Welcome to our dedicated page for Clean Energy Fuels news (Ticker: CLNE), a resource for investors and traders seeking the latest updates and insights on Clean Energy Fuels stock.
Clean Energy Fuels Corp. (CLNE) is the leading provider of natural gas fuel for transportation in North America. The company fuels over 35,000 vehicles daily at about 500 fueling stations across the United States and Canada. Clean Energy caters to a broad customer base, including sectors like trucking, airport shuttles, taxis, refuse collection, and public transit.
The company specializes in building and operating compressed natural gas (CNG) and liquefied natural gas (LNG) fueling stations. They also manufacture CNG and LNG equipment and technologies for their own use and for other companies. In addition, Clean Energy Fuels develops renewable natural gas (RNG) production facilities, aiming to provide a more sustainable future for transportation.
Clean Energy Fuels Corp. operates primarily in the U.S. and Canada, generating the majority of its revenue from compressed natural gas sales. The company purchases natural gas from local utilities and processes it—either compressing, cooling, or liquefying it—at their own plants. The processed natural gas products are then sold through a network of company-owned or customer-owned fueling stations. This vertically integrated approach helps ensure a reliable supply chain and consistent product quality.
In recent years, Clean Energy has made significant strides in expanding its RNG production facilities, tapping into an innovative and eco-friendly fuel source derived from organic waste. This RNG initiative aligns with global sustainability goals and provides a renewable alternative to traditional fossil fuels.
Furthermore, the company maintains strategic partnerships and collaborations with key industry players and governmental bodies, enhancing its market reach and technological capabilities. Financially, Clean Energy continues to capitalize on the growing demand for cleaner transportation solutions.
For those interested in exploring career opportunities with Clean Energy Fuels Corp., please visit their official careers page at Clean Energy Careers.
Clean Energy Fuels Corp. (NASDAQ: CLNE) reported its Q4 2020 results, revealing a 37.3% revenue drop to $75 million, primarily due to reduced sales and lower U.S. federal excise tax credits compared to 2019. Total gallons delivered declined 7% year-over-year, affected by COVID-19, though RNG gallons increased by 7%. The company anticipates 2021 net income to be approximately breakeven with an Adjusted EBITDA forecast of $60-62 million, reflecting ongoing impacts from the pandemic. Clean Energy asserts its commitment to renewable natural gas (RNG) amid new joint ventures with Total and BP.
Clean Energy Fuels Corp. (Nasdaq: CLNE) announced a 50/50 joint venture with Total SE to develop carbon-negative renewable natural gas (RNG) production facilities in the U.S. The venture's initial investment commitment is $100 million, potentially growing to $400 million. Total will also provide $45 million for RNG fueling infrastructure. Clean Energy is the largest RNG provider in the U.S., with ongoing demand growth highlighted by LA Metro's complete fleet conversion to RNG. This partnership aims to enhance RNG supply and tackle climate change.
Clean Energy Fuels Corp. (Nasdaq: CLNE) announced the appointment of Thomas Maurisse as a new Board member, replacing Philippe Montantême, effective immediately. Maurisse, who has significant experience in renewable fuels, aims to enhance the company’s objectives in the renewable natural gas sector. The Chairman expressed confidence in Maurisse's ability to impact the company's growth positively as it pursues carbon neutrality.
Clean Energy Fuels Corp. (CLNE) has secured a significant agreement with the Los Angeles County Metropolitan Transportation Authority (Metro) to supply an estimated 47.5 million gallons of renewable natural gas (RNG) for its transit bus fleet. This deal marks the conclusion of Metro's five-year initiative to transition from diesel to cleaner fuels, with 2,400 buses now using RNG. The contract spans five years with an option to extend for three more, enhancing Metro's commitment to a carbon-neutral future by 2030 and net zero by 2050.
Clean Energy Fuels Corp. (Nasdaq:CLNE) will release its fourth-quarter 2020 financial results on March 9, 2021, after market close. An investor conference call will follow at 4:30 p.m. ET, hosted by CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can participate via phone or through a live webcast on the company's Investor Relations page. Clean Energy Fuels is a leading provider of renewable natural gas, aiming to reduce greenhouse gas emissions from transportation significantly through its network of 550 fueling stations across North America.
Clean Energy Fuels Corp. (CLNE) celebrates the U.S. Congress's approval of an alternative fuel tax credit aimed at promoting renewable natural gas (RNG) through 2021. This legislation includes a $0.50 per gallon fuel credit for RNG used in transportation and a 30% investment tax credit for alternative vehicle refueling property. President Trump is expected to sign the bill soon. RNG, derived from organic waste, significantly reduces carbon emissions, making it a preferred choice for major fleets like UPS and LA Metro. The company operates around 540 fueling stations across North America.
Clean Energy Fuels Corp. (Nasdaq: CLNE) has entered into a partnership with BP Products North America Inc. to develop renewable natural gas (RNG) facilities at agricultural sites. This collaboration aims to produce carbon-negative RNG, significantly reducing emissions compared to traditional fuels. The California Air Resources Board rates these projects with a CI Score of -250. Clean Energy is the leading RNG provider in North America, with plans to deliver 100% Redeem™ RNG by 2025. The company is responding to increasing demand from heavy-duty fleets, enhancing its infrastructure and sustainability efforts.
Clean Energy Fuels Corp. (Nasdaq: CLNE) and its largest shareholder, Total S.E., have announced a memorandum of understanding to form a 50/50 joint venture aimed at developing carbon-negative renewable natural gas (RNG) production facilities in the U.S. Total will invest $50 million, while Clean Energy will contribute $30 million. Additionally, Total will provide $65 million in credit support for Clean Energy's RNG development. The partnership builds on their existing collaboration in the heavy-duty truck market, addressing the rising demand for clean fuels and supporting initiatives to combat climate change.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has secured new contracts for over 58 million gallons of Redeem renewable natural gas (RNG), targeting demand from sectors like heavy-duty trucking and public transit. Key contracts include a multi-year deal with Waste Connections for 8 million gallons and another with Food Express for 4.7 million gallons to support 60 RNG trucks. Clean Energy aims to meet increasing customer needs for sustainable fuel, which reduces greenhouse gas emissions by at least 70%. The company's growth reflects a commitment to sustainable transportation amid ongoing challenges.
Clean Energy Fuels Corp. (Nasdaq:CLNE) will announce its third quarter 2020 financial results on November 5, 2020, post-market close. A conference call is scheduled for 4:30 p.m. Eastern time, featuring CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can join via a dedicated phone line or access a live webcast on the company's website, available for replay for 30 days. Clean Energy promotes renewable natural gas (RNG) to reduce greenhouse gas emissions significantly across its fueling stations in North America.
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