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. reports developments in renewable natural gas (RNG) supply, fueling infrastructure, and transportation-fleet adoption. The company develops and delivers RNG derived from captured methane from organic waste, supplies compressed and liquefied natural gas for transportation markets in the United States and Canada, and operates fueling stations serving fleets in trucking, refuse, transit, municipal, airport, and heavy-duty applications.
Recurring updates cover quarterly operating results and RNG gallons sold, RIN and LCFS credit revenue, station construction, new fueling locations on freight corridors, fleet supply agreements, dairy RNG production facilities such as South Fork Dairy, and governance changes.
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.
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.