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Clean Energy Fuels Corp - CLNE STOCK NEWS

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.

Overview of Clean Energy Fuels Corp (CLNE)

Clean Energy Fuels Corp (NASDAQ: CLNE) is North America’s largest provider of natural gas fuel for the transportation sector, playing a pivotal role in the transition to cleaner energy solutions. The company specializes in supplying compressed natural gas (CNG), liquefied natural gas (LNG), and renewable natural gas (RNG), catering to a diverse range of industries such as heavy-duty trucking, public transit, airport shuttles, waste management, and government fleets. By offering sustainable alternatives to diesel and gasoline, Clean Energy addresses the growing demand for low-emission fuels, helping its customers significantly reduce their carbon footprint.

Business Model and Operations

Clean Energy operates a vertically integrated business model that spans the entire value chain of natural gas fueling. The company purchases natural gas from local utilities, processes it through compression, cooling, or liquefaction at its facilities, and distributes it via its extensive network of fueling stations. With approximately 500 fueling stations across the United States and Canada, Clean Energy supports over 35,000 vehicles daily. These stations are either company-owned or maintained for customer use, ensuring widespread access to natural gas fuels.

In addition to fueling infrastructure, Clean Energy manufactures CNG and LNG equipment and technologies, both for its operations and for external clients. The company also invests in the development of RNG production facilities, converting organic waste into renewable fuel. RNG represents a critical growth area for Clean Energy, as it offers an even lower carbon intensity compared to traditional natural gas, aligning with global sustainability goals.

Market Segments and Customer Base

Clean Energy serves a broad spectrum of customers, including:

  • Trucking and Logistics: Heavy-duty trucking companies benefit from the cost and emissions advantages of natural gas fuels, especially along key transportation corridors.
  • Public Transit: Municipal transit systems leverage CNG and RNG to meet stringent emission standards while maintaining operational efficiency.
  • Airports: Airport shuttles and ground transportation fleets utilize natural gas to reduce environmental impact.
  • Waste Management: Refuse trucks powered by natural gas contribute to cleaner urban environments.
  • Government and Institutional Fleets: Federal and local government agencies adopt natural gas solutions to meet sustainability mandates.

These diverse market segments highlight Clean Energy's adaptability and broad appeal across industries seeking to transition to cleaner energy sources.

Industry Context and Competitive Positioning

The energy and transportation sectors are undergoing a significant transformation driven by the global push for decarbonization. Clean Energy Fuels Corp operates at the intersection of these trends, providing a practical and scalable solution for industries that require high energy density and reliability, such as long-haul trucking. While electric vehicle (EV) technologies dominate the clean transportation narrative, natural gas fuels offer a complementary pathway, particularly for heavy-duty applications where EV infrastructure and battery technology remain limited.

Clean Energy faces competition from other natural gas providers and alternative fuel technologies, but its focus on RNG sets it apart. RNG not only reduces greenhouse gas emissions but also captures and utilizes methane from organic waste, creating a closed-loop system. This positions Clean Energy as a leader in the circular economy, appealing to environmentally conscious customers and investors.

Challenges and Opportunities

Despite its strong market position, Clean Energy encounters challenges such as fluctuating natural gas prices, regulatory changes, and competition from emerging technologies like hydrogen fuel cells. However, the company’s strategic partnerships, such as its collaboration with Tourmaline Oil Corp to build a CNG fueling network in Western Canada, demonstrate its proactive approach to market expansion. Additionally, the increasing adoption of RNG provides a significant growth opportunity, as governments and corporations prioritize renewable energy solutions.

Significance in the Clean Energy Transition

Clean Energy Fuels Corp is a key player in the transition to sustainable transportation, offering immediate and scalable solutions to reduce emissions. Its investments in RNG production and fueling infrastructure align with long-term environmental goals, making it an essential partner for industries seeking to meet carbon reduction targets. By bridging the gap between traditional fuels and emerging technologies, Clean Energy enables a smoother transition to a low-carbon future.

Rhea-AI Summary

Clean Energy Fuels (NASDAQ: CLNE) announced the opening of two new renewable natural gas (RNG) fueling stations in San Bernardino and Perris, California.

Strategically located near major transportation hubs, these stations aim to support heavy-duty trucks and other fleet vehicles in reducing carbon emissions. The new facilities coincide with the launch of Cummins' X15N engine, a 15-liter engine powered by RNG that has received positive feedback from major fleets like UPS and Walmart. The X15N can reduce carbon emissions by over 300% and NOx emissions by 90% compared to diesel engines.

Clean Energy now operates over 600 RNG stations across the U.S. and Canada, and is investing heavily in RNG production from dairy farms to ensure a steady supply of low-carbon fuel. RNG is touted for its ability to significantly lower greenhouse gas emissions.

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Cemex has signed a renewable natural gas (RNG) fuel agreement with Clean Energy Fuels Corp. (NASDAQ: CLNE) to power 39 of its ready-mix and cement bulk trucks in Southern California. This partnership will provide roughly 300,000 gallons of RNG annually, significantly reducing greenhouse gas emissions by approximately 8,822 metric tons of CO2e each year. Clean Energy will also build and manage a new private fueling station for Cemex in Rialto, CA, expected to be operational by year-end. This initiative supports Cemex's Future in Action program, aiming for net-zero CO2 emissions by 2050.

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The U.S. Senate introduced Bill S. 4389, providing a $1.00 per gallon tax credit for using renewable natural gas (RNG) as a transportation fuel. This bill, backed by Senators Mark Warner and Thom Tillis, follows a similar House bill by Representatives Linda Sanchez and Brian Fitzpatrick. Clean Energy Fuels Corp. (NASDAQ: CLNE) CEO Andrew J. Littlefair supports the bill, highlighting RNG's growing acceptance in heavy-duty vehicle fleets and its potential to significantly reduce greenhouse gas emissions. RNG production benefits the agricultural industry, particularly dairies, and creates rural jobs. The bill seeks to further boost RNG's adoption, leveraging existing RNG infrastructure and new RNG-compatible engines from Cummins.

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Clean Energy Fuels and Maas Energy Works have announced a joint venture to build nine renewable natural gas (RNG) production facilities at dairy farms across seven states, including Colorado, South Dakota, Georgia, Florida, Iowa, Nebraska, and New Mexico. This project aims to handle manure from around 35,000 cows, preventing methane emissions from being released into the atmosphere.

Each of these nine projects will undergo diligence before construction, with completion expected by 2026. These facilities are anticipated to produce up to 4 million gallons of RNG annually, which will be distributed through Clean Energy's network. The facilities will use lagoon cover digesters to capture methane more cost-effectively compared to traditional tank digesters.

Financed by Clean Energy, the total projected cost is approximately $130 million. The joint venture leverages Maas Energy Works' expertise in RNG development and Clean Energy's distribution network to supply clean fuel to transportation fleets, helping them achieve sustainability goals.

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Clean Energy reported revenue of $103.7 million and 58.0 million RNG gallons sold in the first quarter of 2024. The net loss was $(18.4) million compared to $(38.7) million in Q1 2023. Adjusted EBITDA was $12.8 million, and cash reserves were $248.9 million as of March 31, 2024. Operational highlights include increased RNG gallons sold, new fueling stations in Texas, and progress on dairy farm RNG projects.

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Clean Energy Fuels Corp. (Nasdaq: CLNE) has announced the successful completion of its renewable natural gas (RNG) facility at Victory Farms Dairy in South Dakota, producing ultra-low carbon RNG for the transportation market. The facility processes 120,000 gallons of manure daily from 6,000 jersey cows to produce an estimated 900,000 gallons of negative carbon-intensity RNG annually. This RNG will be used to fuel commercial fleets, helping to significantly reduce greenhouse gas emissions. Clean Energy's partnership with Dynamic Renewables and investment of $26 million in the facility showcases its commitment to decarbonizing transportation and creating sustainable solutions for the environment.
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Clean Energy Fuels Corp. (CLNE) will report Q1 2024 financial results on May 9, 2024, followed by an investor conference call hosted by CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can participate via phone or webcast.
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Clean Energy Fuels Corp. appoints Patrick J. Ford to its Board of Directors, bringing extensive finance and accounting experience from his tenure at KPMG LLP. Ford's expertise in the energy industry aims to guide Clean Energy's strategy and promote renewable fuels like RNG for commercial transportation.
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Clean Energy Fuels Corp. announced its Q4 2023 operating results with revenue of $106.9 million, a net loss of $(18.7) million, and Adjusted EBITDA of $21.2 million. The company highlighted RNG production projects, financial strength, and a $300 million term loan. The 2024 outlook includes a projected GAAP net loss of $(111) million to $(101) million and Adjusted EBITDA of $62 million to $72 million.
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Clean Energy Fuels Corp. (CLNE) opens two new RNG fueling stations in Texas, expanding its network to over 600 stations. The stations cater to heavy-duty trucks and fleets, offering RNG as a carbon-negative fuel. The company invests in RNG production at dairy farms to reduce GHG emissions, aligning with carbon reduction goals embraced by many fleets. The announcement coincides with the anticipation of a new natural gas engine for heavy-duty trucks, the Cummins' X15N, which is being tested by major fleets like Walmart and FedEx Freight.
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FAQ

What is the current stock price of Clean Energy Fuels (CLNE)?

The current stock price of Clean Energy Fuels (CLNE) is $1.49 as of April 3, 2025.

What is the market cap of Clean Energy Fuels (CLNE)?

The market cap of Clean Energy Fuels (CLNE) is approximately 329.7M.

What does Clean Energy Fuels Corp do?

Clean Energy Fuels Corp provides compressed natural gas (CNG), liquefied natural gas (LNG), and renewable natural gas (RNG) for the transportation sector, helping reduce emissions across industries like trucking and public transit.

What is renewable natural gas (RNG)?

RNG is a sustainable fuel derived from organic waste, offering a lower carbon intensity compared to traditional natural gas and aligning with global decarbonization goals.

Who are Clean Energy's main customers?

Clean Energy serves industries such as heavy-duty trucking, public transit, airport shuttles, waste management, and government fleets.

How does Clean Energy generate revenue?

The company generates revenue by supplying natural gas fuels, building and operating fueling stations, manufacturing equipment, and developing RNG production facilities.

What are the advantages of using natural gas fuels in transportation?

Natural gas fuels, including CNG and RNG, reduce emissions of greenhouse gases, nitrogen oxides, and particulate matter compared to diesel, offering a cleaner alternative for transportation.

What sets Clean Energy apart from its competitors?

Clean Energy's focus on renewable natural gas (RNG) and its extensive fueling infrastructure position it as a leader in sustainable transportation solutions, particularly for heavy-duty applications.

What challenges does Clean Energy face in its market?

The company faces challenges such as fluctuating natural gas prices, regulatory changes, and competition from alternative fuel technologies like electric vehicles and hydrogen fuel cells.

How does Clean Energy contribute to sustainability?

Clean Energy reduces transportation emissions by providing low-carbon fuels like RNG, which captures methane from organic waste, creating a circular and sustainable energy solution.
Clean Energy Fuels Corp

Nasdaq:CLNE

CLNE Rankings

CLNE Stock Data

329.66M
173.79M
21.11%
52.39%
4.64%
Oil & Gas Refining & Marketing
Gas & Other Services Combined
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