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) delivers renewable natural gas (RNG) and low-carbon fueling solutions for commercial transportation. This news hub provides investors and industry stakeholders with essential updates on the company's strategic initiatives, operational developments, and market leadership in sustainable energy.
Access official press releases, financial announcements, and operational milestones covering key areas including RNG production expansion, fueling infrastructure growth, and partnerships with transportation fleets. Our curated collection helps track Clean Energy's progress in decarbonizing heavy-duty transport sectors through innovative natural gas solutions.
Discover updates on regulatory compliance achievements, technology innovations in fuel processing, and sustainability certifications. The resource serves professionals needing to monitor Clean Energy's position within evolving energy transition policies and competitive alternative fuel markets.
Bookmark this page for direct access to verified CLNE developments, including quarterly financial results, contract awards with municipal transit systems, and advancements in waste-to-RNG projects. Stay informed about the company's role in shaping North America's clean transportation infrastructure.
Clean Energy Fuels Corp. (Nasdaq: CLNE) has announced its plan to release financial results for the third quarter of 2024 on November 6, 2024, after the market closes. This will be followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). The call will be hosted by Andrew J. Littlefair, President and CEO, and Robert M. Vreeland, CFO.
Investors can participate in the live call by dialing 1.800.225.9448 from the U.S. or 1.203.518.9708 internationally, using the Conference ID: CLEAN. A telephone replay will be available for about three hours after the call ends, accessible until December 6, 2024. A live webcast will also be available on the company's website, with a 30-day replay option.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has announced a new agreement with Houston's Metropolitan Transit Authority of Harris County (METRO) to build the agency's first private compressed natural gas (CNG) fueling station. The station will serve up to 120 of METRO's newest natural gas-powered transit buses, consuming an estimated 2 million gallons of CNG annually.
Clean Energy will design, build, and maintain the station, which is set to play a important role in METRO's efforts to reduce nitrogen oxide (NOx) and carbon emissions. The transition to CNG is expected to achieve a 90% reduction in NOx and tailpipe emissions. The new station and buses will also be able to transition to renewable natural gas (RNG), potentially reducing carbon emissions by over 300%.
Construction is expected to begin in early 2025 at the Hiram Clarke facility in Houston's southwest. This agreement represents Clean Energy's largest deal in the last decade, highlighting the ongoing transition to cleaner-burning natural gas by major fleets.
Clean Energy Fuels Corp. (Nasdaq: CLNE) has launched a program allowing heavy-duty fleets to test a 2025 Peterbilt 579 day cab tractor equipped with Cummins' 15-liter X15N natural gas engine. J.B. Hunt Transport Inc. is the first participant in this demo truck program, which aims to showcase the capabilities of renewable natural gas (RNG) in reducing carbon emissions.
The truck will be available for fleets to test on their normal routes for up to two weeks, utilizing Clean Energy's extensive fueling infrastructure. The X15N engine, powered by RNG, can reduce carbon emissions by up to 300% compared to diesel. Clean Energy's demo program is expected to run through 2025, targeting various trucking companies across the United States.
Clean Energy Fuels Corp. (NASDAQ: CLNE) reported Q2 2024 financial results:
- Revenue of $98.0 million, up from $90.5 million in Q2 2023
- Net loss of $(16.3) million, or $(0.07) per share
- Adjusted EBITDA of $18.9 million, up from $12.1 million in Q2 2023
- 57.1 million RNG gallons sold, down 2.6% year-over-year
The company partnered with Maas Energy to build up to nine RNG production facilities and completed construction on another dairy farm RNG project. Clean Energy maintains its 2024 outlook of $62-$72 million in Adjusted EBITDA but updated its GAAP net loss forecast to $(91)-$(81) million.
Clean Energy Fuels Corp. (Nasdaq: CLNE) has completed its latest renewable natural gas (RNG) production facility at Ash Grove Dairy in Lake Benton, MN. The facility is now injecting pipeline-quality RNG into the interstate natural gas pipeline grid. At full capacity, it's projected to supply up to 480,000 gasoline gallon equivalent (GGEs) of negative carbon-intensity RNG annually. The $22 million project, developed by Dynamic Renewables, will process up to 60,000 gallons of manure daily, capturing harmful methane and converting it into an estimated 165 MMBtus of RNG per day. This marks Clean Energy's fifth RNG facility to come online in the last nine months, addressing the growing demand for clean-burning fuel in commercial transportation.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has opened a new renewable natural gas (RNG) fueling station in Davenport, Florida. The station serves heavy-duty trucking fleets operating near Highway 27, I4, and the Florida Turnpike. RNG, made from organic waste, reduces carbon emissions by an average of 300% compared to diesel.
The station's opening coincides with the introduction of Cummins' X15N natural gas engine, which has been well-received by major fleets for its power and environmental benefits. The Davenport facility features five fast-fill dispensers and 98 time-fill fueling hoses on a 3.7-acre site.
Clean Energy is expanding its network of over 600 fueling stations in North America and investing in RNG production at dairy farms to address greenhouse gas emissions from agriculture and transportation sectors.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has initiated construction of a renewable natural gas (RNG) production facility at South Fork Dairy in Dimmitt, Texas. This development, set to cost about $85 million, is expected to complete by 2025. The facility, which hosts a 16,000-cow herd, will produce roughly 2.6 million gallons of RNG annually. The RNG produced will be distributed through Clean Energy's national station network. RNG, derived from organic waste, has a negative carbon-intensity score and can reduce greenhouse gas emissions by an average of 300% compared to diesel. The project aligns with efforts to monetize manure waste and reduce environmental footprints, potentially serving as a model for other dairies.
Clean Energy Fuels Corp. (Nasdaq: CLNE) has announced its schedule for releasing second quarter 2024 financial results. The company will disclose its financial performance on August 7, 2024, after the market closes. Following this, an investor conference call will be held at 4:30 p.m. Eastern time (1:30 p.m. Pacific time).
The call will be hosted by Clean Energy's President and CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can participate by dialing specific numbers for U.S. and international callers. A replay of the call will be available until September 7, 2024. Additionally, a live webcast will be accessible on the company's website, with a 30-day replay option.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has inaugurated a new renewable natural gas (RNG) station in Carney’s Point, New Jersey, aimed at serving heavy-duty truck fleets. Located strategically between Philadelphia and Wilmington, DE, near Interstate 295 and the New Jersey Turnpike, the station is part of Clean Energy's extensive network of over 600 fueling stations across North America. The facility, situated on five acres, features two fast-fill dispenser lanes, facilitating quick refueling. This launch aligns with the introduction of the Cummins X15N, a 15-liter natural gas engine being employed by major fleets like Walmart and UPS. The station supports Clean Energy's mission to decarbonize the transportation sector, providing a cleaner fuel alternative with RNG derived from organic waste, which has a negative carbon-intensity score by the California Air Resources Board. Clean Energy also highlights its investments in RNG production at dairy farms to reduce greenhouse gas emissions significantly.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has announced multiple new agreements with various municipalities in the U.S. to provide renewable natural gas (RNG) and associated services. This encompasses contracts with cities like Fort Collins, Beverly Hills, Arcadia, Long Beach, Bakersfield, Tacoma, and many more. These deals highlight a growing demand for sustainable, low-carbon transportation solutions and cover the supply of millions of gallons of RNG annually. The agreements will help these cities meet their environmental and fiscal goals by significantly reducing carbon emissions and promoting sustainability.
