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 secured multiple agreements to supply renewable natural gas (RNG) as demand for low-carbon fuels grows. These deals target over 74% of 26 million gallons of fuel expected to be delivered, aligning with their goal of 100% zero-carbon renewable fuel by 2025. Key contracts include 1.5 million gallons for the City of Pasadena and a five-year extension with Big Blue Bus for 10 million gallons. Clean Energy also supports various municipalities and companies, contributing to significant emissions reductions in transportation.
Clean Energy Fuels Corp. reported Q2 2021 results, highlighting a significant commercial agreement with Amazon. Gallons delivered rose 13% YoY to 101.4 million, driven by post-COVID recovery, with a notable 19% increase in renewable natural gas (RNG) gallons. However, revenue plummeted 99.2% to $0.5 million due to $78.1 million in Amazon warrant charges. Excluding these charges, revenue grew 28.9% to $79 million. The company expects a GAAP net loss of approximately $86 million for 2021, affected by similar warrant charges and market conditions.
Clean Energy Fuels Corp. (Nasdaq:CLNE) is set to release its financial results for Q2 2021 on August 5, 2021, after market close. The company will conduct an investor conference call at 4:30 p.m. ET, featuring President and CEO Andrew J. Littlefair, along with CFO Robert M. Vreeland. Interested investors can join via phone or through a live webcast available on the company's website. Clean Energy Fuels provides renewable natural gas (RNG) for the transportation market, aiming to reduce greenhouse gas emissions through its extensive fueling station network across the U.S. and Canada.
Clean Energy Fuels Corp. (NASDAQ: CLNE) announced its renewed branding at its annual shareholders meeting, introducing a new logo that reflects its commitment to renewable natural gas (RNG) solutions. Currently, RNG constitutes 70% of the fuel sold across its stations, with plans to expand it to 100% by 2025. The company aims to support sustainability goals by reducing fleets' carbon footprints significantly. Collaborations with partners TotalEnergies and bp will enhance RNG production from agricultural facilities. A new website highlighting these initiatives was also launched.
Chevron has committed an additional $20 million to the Adopt-a-Port initiative, raising its total investment to $28 million. This program, in partnership with Clean Energy Fuels, aims to provide truck operators at the ports of Los Angeles and Long Beach with cleaner, carbon-negative renewable natural gas (RNG). By converting to RNG-powered trucks, operators can significantly reduce greenhouse gas emissions and contribute to local air quality improvements.
Clean Energy Fuels Corp. (CLNE) reported its Q1 2021 operating results, revealing a 10.3% revenue decline to $77.1 million, driven by the lingering effects of COVID-19. Gallons delivered fell by 7%, totaling 92.4 million, though RNG deliveries rose 3%. A net loss of $7.2 million was recorded, compared to a profit of $1.7 million in Q1 2020. Despite challenges, the company announced a significant RNG supply agreement with Amazon and joint ventures with Total and bp to enhance RNG supply. 2021 GAAP net loss is estimated at $76 million, while Adjusted EBITDA is projected to reach $60-62 million.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has announced new renewable natural gas (RNG) contracts as demand for clean fuel grows among fleets in North America. The company continues to expand its RNG supply, which can reduce greenhouse gas emissions significantly. Key contracts include partnerships with Pac Anchor for 2.5 million gallons, Cal Portland for 1 million gallons, and multiple transit agencies. Clean Energy aims to improve air quality and public health by offering RNG as a viable alternative to diesel fuel.
Clean Energy Fuels Corp. (Nasdaq: CLNE) has entered into an agreement with Amazon to supply low and negative carbon renewable natural gas (RNG) at 27 existing and 19 new or upgraded Clean Energy fueling stations across 15 states. The company, a leader in providing clean transportation fuel, aims to aid efforts against climate change while boosting its infrastructure. CEO Andrew J. Littlefair emphasized the importance of economically viable solutions to environmental issues. Additionally, a warrant has been issued to Amazon as part of this collaboration.
Clean Energy Fuels Corp. (Nasdaq:CLNE) will release its Q1 2021 financial results on May 6, 2021, after market close. A live investor conference call will follow at 4:30 p.m. ET, hosted by President and CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can participate via dial-in or through a live webcast on the company's website, with a replay available for 30 days. Clean Energy Fuels is a leader in providing renewable natural gas (RNG), reducing greenhouse gas emissions significantly across various transportation sectors.
Clean Energy Fuels Corp. (Nasdaq: CLNE) announced plans to collaborate with BP Products North America to develop renewable natural gas (RNG) facilities at dairies. This initiative aims to produce a carbon-negative fuel that significantly reduces emissions, with a CI Score of -250 compared to diesel's 97. Clean Energy is the top RNG supplier in the U.S. and Canada, operating 550 fueling stations. The company is committed to meeting the growing demand for RNG and aims to provide 100% Redeem™ RNG by 2025, reinforcing its leadership in the California market.
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