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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Clean Energy Fuels Corp | NASDAQ:CLNE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.31 | 2.26 | 2.36 | 0 | 01:00:00 |
Clean Energy Fuels Corp. (NASDAQ: CLNE) announced that it won a $10 million, multi-year procurement from New Jersey Transit, the nation’s third largest provider of bus, rail and light rail transit, which links major points in New Jersey, New York and Philadelphia and provides close to 223 million passenger trips each year.
The procurement includes rebuilding a large compressed natural gas (CNG) fueling station, as well as additional garage modifications and the repair and maintenance of facilities through 2020. NJ Transit is expected to operate a fleet of 147 CNG commuter buses estimated to consume approximately 2 million gasoline gallon equivalents (GGEs) each year.
Clean Energy also signed other agreements across the transit, refuse and trucking markets, including the construction of new stations and extended maintenance and fueling contracts.
Transit
Trucking
Refuse
Natural gas fuel costs less than gasoline or diesel, depending on local market conditions. The use of natural gas fuel also reduces greenhouse gas emissions up to 21 percent. In addition, nearly all natural gas consumed in North America is produced in North America.
About Clean Energy
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the leading provider of natural gas fuel for transportation in North America. We build and operate compressed natural gas (CNG) and liquefied natural gas (LNG) fueling stations; manufacture CNG and LNG equipment and technologies for ourselves and other companies; develop renewable natural gas (RNG) production facilities; and deliver more CNG and LNG fuel than any other company in the U.S. Clean Energy also sells Redeem™ RNG fuel and believes it is the cleanest transportation fuel commercially available, reducing greenhouse gas emissions by up to 90%. For more information, visit www.CleanEnergyFuels.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about numbers of vehicles expected to be deployed, amounts of natural gas fuel expected to be consumed, and the benefits of natural gas relative to gasoline and diesel. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors, including, without limitation, the price of natural gas relative to gasoline and diesel, the cost and operating experience associated with natural gas vehicles, and permitting and other factors affecting construction. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents the Company files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160302005469/en/
Clean Energy Media Contact:Jason Johnston949-437-1411jason.johnston@cleanenergyfuels.comorClean Energy Investor Contact:Tony Kritzer949-437-1403tkritzer@cleanenergyfuels.com
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