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) has appointed Lorraine Paskett, former vice president of AES Corporation, to its Board of Directors. Paskett brings over 25 years of experience in the energy sector, focusing on climate change and renewable energy. Her expertise in transitioning from fossil fuels to renewable energy is expected to enhance the company’s strategic direction. Paskett's previous roles include leading initiatives at the Los Angeles Department of Water and Power. The appointment is seen as a step forward in Clean Energy's commitment to reducing carbon emissions.
Clean Energy Fuels Corp (Nasdaq: CLNE) announced a webcast on January 26, 2022, from 7:00-9:00 am PT, featuring CEO Andrew Littlefair and CFO Robert Vreeland. They will discuss the company's strategic vision and financial outlook for renewable natural gas (RNG) over the next five years, along with the increasing demand for RNG from fleet customers. Littlefair mentioned significant advancements in methane capture and the establishment of joint ventures with TotalEnergies and bp, highlighting their commitment to meeting aggressive supply goals for RNG.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has announced new fuel and infrastructure contracts to address the rising demand for renewable natural gas (RNG). Key highlights include a fueling agreement with Pacific Green Trucking for 1 million gallons of RNG to power 61 trucks, partnerships with Chevron and Republic Services for expansion projects, and contracts with various other logistics and transit companies. This initiative aims to significantly reduce greenhouse gas emissions and improve air quality in California’s port areas.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has appointed Karine Boissy-Rousseau, Senior Vice President at TotalEnergies, to its Board of Directors, replacing Philippe Charleux effective immediately. Boissy-Rousseau brings extensive experience in renewable fuels, having previously led Air Liquide Hydrogen Mobility & Energy in North America. Her appointment is expected to enhance Clean Energy’s objectives in renewable natural gas (RNG) production and sales, aligning with the company's mission to decarbonize transportation. This strategic move aims to address climate issues through sustainable vehicle fuel.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has commenced construction on a renewable natural gas (RNG) digester at Del Rio Dairy in Friona, Texas. This project, a joint venture with TotalEnergies, aims to produce over 1.1 million gallons of RNG annually by utilizing waste from over 7,500 cows. The RNG produced will be integrated into Clean Energy's nationwide RNG fueling network, contributing to lower greenhouse gas emissions. The completion of this digester aligns with the company’s goal of achieving a carbon intensity of zero by 2025.
Clean Energy Fuels Corp. (NASDAQ: CLNE) and bp have announced a joint venture to develop renewable natural gas (RNG) projects at dairy farms in the Midwest. These facilities, located in South Dakota and Iowa, will convert methane from over 30,000 cows into more than seven million gallons of RNG annually. This initiative aims to meet the growing demand for RNG, highlighted by recent agreements to fuel Amazon's heavy-duty trucks. The first RNG facility is expected to be operational in 2022, enhancing Clean Energy's vast network of RNG fueling stations across the U.S.
Clean Energy Fuels Corp. (CLNE) reported a 6.7% increase in quarterly gallons delivered, totaling 104.2 million in Q3 2021, driven by recovery from COVID-19. Revenue rose 21.5% to $86.1 million, despite a net loss of $3.9 million attributed to Amazon warrant charges. Excluding these charges, revenue grew by 23.9%. The company is expanding in the marine sector and dairy RNG production, which is expected to enhance its carbon profile. For nine months, revenue declined 24.5% to $163.7 million, heavily impacted by Amazon charges.
Clean Energy Fuels Corp. (CLNE) will release its Q3 2021 financial results on November 4, 2021, after market close, followed by a conference call at 4:30 p.m. ET. The call will be led by CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can join the call at 1-877-300-8521 in the U.S. or 1-412-317-6026 internationally. A webcast will also be available on the company's website and can be replayed for 30 days.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has secured a contract to design, construct, and maintain a hydrogen station for Foothill Transit in Southern California, valued at over $13 million. This project, funded with assistance from the Federal Transportation Agency, marks Clean Energy's first venture into hydrogen fuel infrastructure. Foothill Transit, a long-time partner, operates over 300 buses on renewable natural gas and is now transitioning to hydrogen with an initial order of 20 fuel cell buses. This initiative reinforces Clean Energy's commitment to alternative fuels for cleaner transportation.
Clean Energy Fuels Corp. (NASDAQ: CLNE) announced an agreement to supply World Fuel Services with approximately 78 million gallons of liquefied natural gas (LNG) for two Pasha Hawaii container ships, which will be among the first natural gas-powered ships to operate on the U.S. West Coast. The vessels, M/V George III and M/V Janet Marie, will significantly reduce emissions, surpassing IMO 2030 standards. The LNG will be sourced from Clean Energy's Boron, CA plant, which is expanding production capacity by 50%. This partnership highlights Clean Energy's commitment to sustainability in marine transportation.
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